Plains All American Pipeline, L. P.

Industry: Oil Gas Operations

Fortune Rank: 128

Plains Resources acquires, exploits, develops, explores and produces oil and natural gas and markets, transports, terminals and stores crude oil. For the 3 months ended 3/31/04, revenues fell 53% to $3.3M. Net income before acct. change and applic. to Common totaled $13.3M, up from $6M. Revenues reflect the timing of deliveries for sales. Earnings reflect an increase in gain on Plains All American Pipeline unit transactions.

Plains Resources Inc., an independent energy company, is engaged in marketing, gathering, transporting, terminaling and storage of oil through its equity ownership in Plains All American Pipeline, L.P. (PAA). PAA is engaged in the midstream energy markets. As of February 29, 2004, the Company owned 44% and 21% of the general and limited partnership units of PAA. Plain Resources also participates in acquiring, exploiting, developing, exploring for and producing oil through its wholly owned subsidiary, Calumet Florida LLC, which has producing properties in the Sunniland Trend in South Florida. On December 18, 2002, it spun-off Plains Exploration & Production Company (PXP), which, until that date, was its wholly owned subsidiary.

Plains All American Pipeline, L. P.

Plains All American Pipeline, L. P. is a Fortune 500 company. In 2010 Plains All American Pipeline, L. P. was ranked number 128 on the Fortune 500 list, making it the 128th largest company in the United States when judged by revenue.

Plains All American Pipeline, L. P. achieved revenue of $18,520.00 million in 2010 and earned a profit of $579.00 million.

Plains All American Pipeline, L. P.'s rank changes

The company's ranking in 2010 was a decline from 2009 when it was ranked 79th on the Fortune 500. The Previous ranking was based on its 2009 revenue of $30,061 million (a change of -12 million compared to 2010) and profits of $437 million (a change of 142 million compared to 2010).

Another point of view

To many investors, profits are more important than the revenue a company earns. If the Fortune 500 was ranked by profits instead of revenue then Plains All American Pipeline, L. P. would be ranked 199th rather than 128th due to its profits of $579 in 2010.

Plains All American Pipeline, L.... Revenue* Profit* Fortune Ranking

* US$ Million

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