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  • Previous Rank452
  • Country
    U.S.
  • Revenues ($M)$34,055.00
  • Revenue Percent Change29.9%
  • Profits ($M)$334
  • Profits Percent Change-
  • Assets ($M)$26,830.00
  • Employees4,900

Plains GP Holdings is the parent of Plains All American Pipeline (PAA), which provides infrastructure and logistics services for crude oil, natural gas, and natural gas liquid supplies in U.S. and Canadian hubs—an estimated 4 million barrels daily. By targeting production growth areas, the pipeline provider increased revenue by 29.9% to $34.1 billion and net income more than doubled to $2.2 billion. Fracking by smaller producers in the Permian Basin in the Southwest attracted majors including Chevron and Exxon Mobil, driving a 31% increase in the region. A deleveraging plan adopted in 2017, which has so far included asset sales of $1.3 billion, buoyed PAA’s cash flow and reduced debt.

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Company Information

CEO
Wilfred C.W. Chiang
Sector
Energy
Industry
Pipelines
HQ Location
Houston
Websitehttps://www.plainsallamerican.com
Years on Global 500 List5
Employees4,900
A partnership.

Plains GP Holdings Rank History

Key Financials (Last Fiscal Year)

($ Millions)% change
Revenues ($M)$34,055.0029.9%
Profits ($M)$334-
Assets ($M)$26,830.00-
Total Stockholder Equity ($M)$1,846.00-

Profit Ratios

Profit as % of Revenues1%
Profits as % of Assets1.2%
Profits as % of Stockholder Equity18.1%