Shell, Phillips 66 weigh sale of stakes in $3.5 billion US pipeline Explorer, sources say

Shell and Phillips 66 are reportedly considering selling their stakes in the Explorer refined products pipeline, potentially valuing the asset at $3.5 billion. This move is driven by high demand for energy infrastructure, especially from financial buyers, allowing companies to reinvest in core businesses. Together, Shell and Phillips 66 own about 61% of Explorer, and other stakeholders like Energy Transfer and MPLX might also sell their holdings if there's significant interest in acquiring the entire pipeline.