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Pembina Pipeline Corporation

Plains All American Pipeline (PAA) is a publicly traded master limited partnership (MLP) that operates in the midstream sector of the oil and gas industry in the United States. The company's stock symbol is "PBA" and it is listed on the New York Stock Exchange.

Plains All American Pipeline's business is primarily focused on the transportation, storage, and marketing of crude oil and refined products. The company operates a vast network of pipelines and storage facilities, with a strong presence in key crude oil producing regions such as the Permian Basin, the Bakken Shale, and the Gulf Coast.

In terms of financial performance, Plains All American Pipeline has reported steady revenue and earnings growth in recent years. In 2020, the company reported net income of $1.3 billion, up from $1.1 billion in 2019. The company's revenue for 2020 was $14.4 billion, compared to $12.5 billion in 2019.

Plains All American Pipeline has also been active in returning value to its unitholders, with a strong distribution policy and a focus on growth through strategic acquisitions and capital projects. The company has increased its distribution for 22 consecutive quarters, and as of 2021, the annual distribution rate was $2.80 per unit, representing a yield of around 9%.

Looking ahead, Plains All American Pipeline is well-positioned for continued growth, driven by increasing demand for oil and gas and the ongoing development of key producing regions such as the Permian Basin. The company's robust pipeline network and strategic assets make it a key player in the midstream sector, and its focus on returning value to unitholders makes it an attractive investment option in the oil and gas industry.