financetom
Business
financetom
/
Business
/
Phillips 66 to sell 25% stake in Rockies Pipeline for $1.28 bln
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Phillips 66 to sell 25% stake in Rockies Pipeline for $1.28 bln
Jun 14, 2024 6:05 AM

June 14 (Reuters) - U.S. oil refiner Phillips 66

said on Friday it would sell its 25% stake in the Rockies

Express Pipeline (REX) for about $1.28 billion to a subsidiary

of Tallgrass Energy.

(Reporting by Seher Dareen and Vallari Srivastava in Bengaluru;

Editing by Sriraj Kalluvila)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Enterprise Products Partners Posts Strong Cash Flow, Reaffirms Capex Plan
Enterprise Products Partners Posts Strong Cash Flow, Reaffirms Capex Plan
Jul 28, 2025
Enterprise Products Partners L.P ( EPD ). on Monday reported second-quarter 2025 earnings that beat analyst expectations on earnings per share but missed on revenue, while setting multiple operating volume records across its midstream network. Enterprise posted earnings of 66 cents per unit, up 3% from 64 cents in the same quarter a year earlier and beating the consensus estimate...
Revvity trims 2025 profit forecast as China policy changes hit diagnostics demand
Revvity trims 2025 profit forecast as China policy changes hit diagnostics demand
Jul 28, 2025
(Reuters) -Revvity on Monday lowered its full-year adjusted profit forecast as it expects demand for diagnostics products in its key market China to be hurt by changes to the country's reimbursement policy, sending the company's shares down nearly 10%. The medical equipment maker said that it now expects sales of its diagnostics products to grow in the low single digits...
Meta Platforms Poised for Q2 Earnings Beat on Revenue Strength, BofA Says
Meta Platforms Poised for Q2 Earnings Beat on Revenue Strength, BofA Says
Jul 28, 2025
11:19 AM EDT, 07/28/2025 (MT Newswires) -- Meta Platforms ( META ) is expected to deliver a Q2 earnings beat with revenue at the high end of the guidance, BofA securities said Monday in a note. Capital spending is the biggest concern after the company ramped up hiring to bolster artificial intelligence, and Meta may raise the lower end of...
Copyright 2023-2026 - www.financetom.com All Rights Reserved