MPLX, LP Historical Chart
||Last trade $69.46
||$25.50||3 million||12/3/2014 |
Underwriter(s): BofA Merrill Lynch, UBS Investment
Bank, Wells Fargo Securities, Barclays, Morgan Stanley, Citigroup, J.P. Morgan
Co-Manager(s): DNB Markets, Fifth Third Securities, MUFG, PNC Capital Markets, RBS Securities
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About MPLX, LP (adapted from MPLX, LP prospectus):
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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 prospectus. This description is not intended to be a recommendation to buy stock from this company. To see the company's full description, view their prospectus.
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