05:20 PM EDT, 03/26/2024 (MT Newswires) -- (Updates with Phillips 66 spokesperson declining to comment in third paragraph.)

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.

A Phillips 66 spokesperson declined to comment to 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.)

Price: 156.65, Change: +0.05, Percent Change: +0.03