Exclusive-Brookfield nears $9 billion-plus deal for Colonial Pipeline, sources say [Yahoo! Finance]
ConocoPhillips (COP)
Last conocophillips earnings: 4/30 07:00 am
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Source: Yahoo! Finance
U.S. fuel transportation system, for more than $9 billion including debt, people familiar with the matter said on Monday. The New York-based asset manager has emerged as the winner of the auction process, which the five owners of the pipeline have been running over several months, the sources said, requesting anonymity as the deliberations are confidential. A deal between Brookfield and the owners could be formally announced in the coming weeks, barring any last-minute snags, the sources added. Reuters was first to report in June that the owners - including Canadian pension fund Caisse de dépôt et placement du Québec (CDPQ), energy major Shell, and investment firm KKR - had begun exploring a sale of Colonial Pipeline. Brookfield, CDPQ, KKR, IFM and Shell declined to comment. A spokesperson for Colonial Pipeline directed questions to its owners. Koch Industries did not immediately respond to a request for comment. Colonial's pipeline system stretches over 5,500 miles from Hou
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COP
Earnings
- 11/6/25 - Beat
COP
Sec Filings
- 12/16/25 - Form 4
- 12/16/25 - Form 4
- 12/3/25 - Form 4
- COP's page on the SEC website