The company negotiates various credit arrangements with its suppliers, including open lines of credit and standby letters of credit under its hedged inventory facility or senior unsecured revolving credit facility, to ensure performance under purchase agreements. These credit facilities are also used to finance purchases and margin requirements for derivative instruments employed to hedge price exposure when storing crude oil, natural gas liquids (NGL), or specialty products. Sales are made to creditworthy customers, with ExxonMobil Corporation and its subsidiaries accounting for approximately 31% of revenues in 2025 and 2024, and 27% in 2023. BP p.l.c. and its subsidiaries accounted for about 10% of revenues in 2023. Most revenues from these customers are related to the Crude Oil segment's merchant activities. The company faces competition primarily from pipelines based on transportation charges, access to producing areas, and demand for crude oil and NGL, including competition from new pipeline projects and existing third-party pipelines with excess capacity.
Plains Gp Holdings Lp's Comment on Supply Chain
The company negotiates various credit arrangements with its suppliers, including open lines of credit and standby letters of credit under its hedged inventory facility or senior unsecured revolving credit facility, to ensure performance under purchase agreements. These credit facilities are also used to finance purchases and margin requirements for derivative instruments employed to hedge price exposure when storing crude oil, natural gas liquids (NGL), or specialty products. Sales are made to creditworthy customers, with ExxonMobil Corporation and its subsidiaries accounting for approximately 31% of revenues in 2025 and 2024, and 27% in 2023. BP p.l.c. and its subsidiaries accounted for about 10% of revenues in 2023. Most revenues from these customers are related to the Crude Oil segment's merchant activities. The company faces competition primarily from pipelines based on transportation charges, access to producing areas, and demand for crude oil and NGL, including competition from new pipeline projects and existing third-party pipelines with excess capacity.
Sources:
Plains Gp Holdings Lp's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
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