MPLX, LP

About MPLX, LP (adapted from MPLX, LP prospectus):
MPLX is a fee-based, growth-oriented limited partnership formed by Marathon Petroleum Corporation to own, operate, develop and acquire crude oil, refined product and other hydrocarbon-based product pipelines and other midstream assets.

MPLX generates revenue primarily by charging tariffs for transporting crude oil, refined products and other hydrocarbon-based products through their pipelines and at their barge dock and fees for storing crude oil and products at their storage facilities. MPLX is also the operator of additional crude oil and product pipelines owned by MPC and third parties for which they are paid operating fees. MPLX does not take ownership of the crude oil or products that they transport and store, and does not engage in the trading of any commodities.

This description is adapted from MPLX, LP prospectus. This description is not intended to be a recommendation to buy stock from this company. We do not claim that all of the statements above were researched and found to be true. We present them as a general description based on what the company has said about itself at the time that they submitted their prospectus for an IPO offering. To see the company's full description, view their prospectus..