MPLX 📈 MPLX - Overview

MPLX LP is a leading owner and operator of midstream energy infrastructure and logistics assets, primarily located in the United States. The company's operations are divided into two main segments: Logistics and Storage, and Gathering and Processing. Through these segments, MPLX LP is involved in a wide range of activities, including the gathering, processing, and transportation of natural gas, as well as the gathering, transportation, fractionation, storage, and marketing of natural gas liquids. Additionally, the company engages in the gathering, storage, transportation, and distribution of crude oil and refined products, including other hydrocarbon-based products and renewables.

The company's operations also extend to the inland marine businesses, where it operates a fleet of boats and barges that transport light products, heavy oils, crude oil, renewable fuels, chemicals, and feedstocks in the Mid-Continent and Gulf Coast regions. Furthermore, MPLX LP operates a marine repair facility located on the Ohio River, and is involved in the distribution of fuel. The company's refining logistics capabilities include the operation of terminals, rail facilities, and storage caverns, which enable the receipt, storage, blending, additization, handling, and redelivery of refined petroleum products through various modes of transportation, including pipeline, rail, marine, and over-the-road.

MPLX LP is a subsidiary of Marathon Petroleum Corporation, and is headquartered in Findlay, Ohio. The company was incorporated in 2012, and its general partner is MPLX GP LLC. With a strong presence in the oil and gas storage and transportation sector, MPLX LP is well-positioned to capitalize on the growing demand for energy infrastructure and logistics services in the United States. The company's common stock is listed on the New York Stock Exchange under the ticker symbol MPLX, and its ISIN is US55336V1008. More information about the company can be found on its website at https://www.mplx.com.

As a key player in the oil and gas storage and transportation sector, MPLX LP's operations are critical to the functioning of the energy value chain. The company's extensive network of midstream assets, including pipelines, storage facilities, and terminals, enables the efficient and safe transportation of energy products from production areas to consumption centers. With its strong operational capabilities and strategic location, MPLX LP is an important link in the energy supply chain, and is well-positioned to continue playing a vital role in the US energy landscape. The company's GICS Sub Industry classification is Oil & Gas Storage & Transportation, reflecting its focus on providing essential infrastructure and logistics services to the energy sector.