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Oil Gas Pipelines
Sure, here's some general information about the company with the stock symbol BPL (Plains All American Pipeline, L.P.):
Plains All American Pipeline, L.P. is a publicly traded company that specializes in the transportation, storage, and marketing of crude oil, natural gas, and natural gas liquids. The company was founded in 1998 and is headquartered in Houston, Texas.
Historical Highlights:
* In 1998, Plains All American Pipeline, L.P. was formed as a result of the merger between Plains Resources Inc. and All American Pipeline Company.
* In 2001, the company acquired the Midcontinent assets of ExxonMobil Corporation.
* In 2004, Plains All American Pipeline, L.P. acquired the pipeline and storage assets of Duke Energy Field Services.
* In 2013, the company acquired the crude oil and natural gas assets of BP's North American unit.
* In 2017, Plains All American Pipeline, L.P. acquired the Oryx Midstream Services II, LLC.
Business Overview:
Plains All American Pipeline, L.P. owns and operates a network of crude oil and natural gas pipelines, terminals, and storage facilities in the United States and Canada. The company operates through three main segments:
1. Permian Basin: This segment includes crude oil and natural gas gathering and transportation systems in the Permian Basin region of West Texas and Southeastern New Mexico.
2. Midcon: This segment includes crude oil and natural gas gathering and transportation systems in the Midcontinent region of Oklahoma, Texas, Kansas, and Missouri.
3. Rocky Mountain: This segment includes crude oil and natural gas gathering and transportation systems in the Rocky Mountain region of Colorado, Montana, North Dakota, and Wyoming.
As of December 31, 2020, the company's transportation network comprised approximately 17,800 miles of pipeline, which transported approximately 4,900,000 barrels of crude oil and natural gas per day.
Earnings:
Plains All American Pipeline, L.P. has consistently generated significant earnings over the past few years. In 2020, the company reported a net income of $1.36 billion, which was lower than the previous year due to the impact of the COVID-19 pandemic. However, the company's revenue increased by 31% year-over-year to $12.2 billion.
Growth:
Plains All American Pipeline, L.P. has been growing its assets and revenue through strategic acquisitions and organic growth. The company has invested heavily in expanding its pipelines and storage capacity to meet the growing demand for energy infrastructure. In 2020, the company announced plans to invest $3.5 billion to expand its Permian Basin assets, including the construction of a new 650,000-barrel-per-day pipeline.
Dividends:
Plains All American Pipeline, L.P. has a history of paying quarterly distributions (dividends) to its common unit holders. The company's distribution has grown steadily over the years, and in 2020, the company paid a distribution of $0.30 per unit, which represented a 5% increase from the previous year.
Overall, Plains All American Pipeline, L.P. is a leading energy infrastructure company with a diverse portfolio of assets and a strong track record of growth and profitability. The company's strategy of expanding its assets and diversifying its revenue streams has helped it to maintain its competitive position in the energy industry.
This information should help you get started with your research on Plains All American Pipeline, L.P. You can find more up-to-date information on the company's website at investor.plainsallamerican.com or on finance websites such as Yahoo Finance or Seeking Alpha. I hope this helps!