04:19 PM EDT, 03/26/2024 (MT Newswires) -- Phillips 66 (PSX) is exploring the sale of its 25% stake in the Rockies Express Pipeline, in a deal that may be worth over $1 billion, including debt, Reuters reported Tuesday, quoting unnamed sources familiar with the situation.

The company is working with advisers on conversations with potential buyers for the interstate natural gas pipeline, the report said.

Reuters said that a spokesperson for Phillips 66 didn't immediately respond to a request for comment.

Phillips 66 didn't immediately respond to a request for comment by MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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