Shell, Phillips 66 Explore Sale of Explorer Pipeline Stakes
Shell and Phillips 66 consider selling pipeline stakes
Story updates
05:53:43 PM UTC
SquawkNews
SHEL PSX MPLX Exclusive-shell and Phillips 66 are working on a potential sale of their stakes in the explorer pipeline, sources note Exclusive-energy transfer and mplx could also join explorer sale efforts, depending on the strength of interest in the Shell and Phillips 66 stakes, sources note Exclu
05:55:32 PM UTC
SquawkNews
Energy Transfer, MPLX Could Also Join Explorer Sale Efforts; Depends On Strength Of Interest In Shell And Phillips 66 Stakes - Any Deal Could Value Explorer Pipeline At Around $3.5 Bln
05:57:45 PM UTC
SquawkNews
SHELL AND PHILLIPS 66 WORKING ON POTENTIAL SALE OF EXPLORER PIPELINE STAKES A deal could value the pipeline at around $3.5B, sources tell Reuters. Energy Transfer ET and MPLX MPLX could join the sale effort depending on the strength of interest in the Shell SHEL and Phillips 66 PSX stakes. The Explorer system carries refined products from the Gulf Coast to the Midwest.
06:07:47 PM UTC
SquawkNews
SHELL AND PHILLIPS 66 ARE WORKING ON A POTENTIAL SALE OF THEIR STAKES IN THE EXPLORER PIPELINE, SOURCES SAY
06:07:54 PM UTC
SquawkNews
ENERGY TRANSFER AND MPLX COULD ALSO JOIN EXPLORER SALE EFFORTS, DEPENDING ON THE STRENGTH OF INTEREST IN THE SHELL AND PHILLIPS 66 STAKES, SOURCES SAY
SHEL PSX MPLX Exclusive-shell and Phillips 66 are working on a potential sale of their stakes in the explorer pipeline, sources note Exclusive-energy transfer and mplx could also join explorer sale efforts, depending on the strength of interest in the Shell and Phillips 66 stakes, sources note Exclusive-any deal could value the explorer pipeline at around $3.5B, sources note per Reuters