BP Midstream Partners
BP Midstream Partners was a fee-based master limited partnership formed by BP Pipelines in 2017 to own and operate midstream pipelines and storage assets, subsequently absorbed into BP p.l.c. via a dropdown transaction.
- Company typePublic
- Founded2017
- HeadquartersHouston, United States
- Headcount5,001–10,000
- GTM typeB2B
- OfferingServices
What BP Midstream Partners does
BP Midstream Partners was a fee-based, growth-oriented master limited partnership (MLP) formed in 2017 by BP Pipelines to own and operate midstream energy infrastructure assets, including pipelines and storage facilities supporting BP's integrated oil and gas value chain. The entity was structured to provide stable, fee-based cash flows through long-term commercial arrangements principally tied to BP affiliates, with its common units trading on the NYSE under the ticker BPMP.
In 2017, BP p.l.c. completed a dropdown transaction that brought BP Midstream Partners LP into its wholly-owned subsidiary structure, consolidating midstream pipeline and storage assets under BP's corporate umbrella. The partnership's underlying assets supported the transportation and storage of crude oil, refined products, and natural gas liquids within BP's broader upstream production and downstream refining and marketing operations.
The parent BP p.l.c. is an integrated global energy company incorporated in England and Wales, producing oil and gas, trading energy, and manufacturing and distributing refined products including petrol, diesel, jet fuel, and natural gas for heating and power generation. BP also selectively invests in lower-carbon businesses such as EV charging (bp pulse), biofuels, biogas, offshore wind, and solar, while operating consumer-facing brands including bpme convenience stores, the earnify loyalty program, and Wild Bean Café. BP p.l.c. trades on the NYSE (BP) and London Stock Exchange (BP.) and operates across 50+ countries globally.
BP Midstream Partners firmographics
Firmographics- Name
- BP Midstream Partners
- Legal name
- BP p.l.c.
- Website
- https://bp.com
- Company type
- Public
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- BP Midstream Partners was a fee-based master limited partnership formed by BP Pipelines in 2017 to own and operate midstream pipelines and storage assets, subsequently absorbed into BP p.l.c. via a dropdown transaction.
- Ownership category
- akta.pro rank
BP Midstream Partners industry classification
Industry- Product category
- Midstream Energy Infrastructure
- NAICS
- Pipeline Transportation of Crude Oil (486110), Pipeline Transportation of Natural Gas (4862)
- SIC
- Pipe Lines (No Natural Gas) (4610), Natural Gas Transmission (4922)
- akta.pro primary industry
- Pipeline Operations, Integrity & Control (SCADA, Pigging, Leak Detection) (EUALADAK)
- akta.pro secondary industries
- Gas Pipeline & Midstream Asset Management (EUAEAMAF), Marine Terminals & Port Storage (Jetties, Docking, Bunkering Interfaces) (EUALAEAG)
Keywords
Where BP Midstream Partners is headquartered
LocationHeadquarters
- HQ city
- Houston
- HQ country
- United States
- HQ region
- North America
Markets served
BP Midstream Partners business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Personnel, Supply Chain, Others
Distribution channels3 records
Marketing channels7 records
BP Midstream Partners product offering
Product offeringCore offering
BP Midstream Partners was a fee-based, growth-oriented master limited partnership formed by BP Pipelines to own, operate, develop, and acquire pipelines, storage terminals, and other midstream energy assets that transport and store crude oil, refined petroleum products, natural gas, and natural gas liquids. Revenue is generated through transportation tariffs, storage fees, and capacity agreements with shippers, predominantly connected to BP p.l.c.'s broader upstream production and downstream refining operations.
Product overview
BP is a global energy company operating as an integrated oil and gas producer. The company's products and services span the energy value chain including oil and gas production, trading, and sale of refined energy products (petrol, diesel, jet fuel, natural gas for heating and power generation). BP also selectively invests in lower-carbon alternatives including EV charging (bp pulse), biofuels, biogas, offshore wind, and solar. The consumer-facing portfolio includes retail brands such as bpme convenience stores, earnify loyalty program, and Wild Bean Café coffee service, alongside the bp pulse electric vehicle charging network.
Differentiator
Problem solved
Functional benefit
Brands
- bp pulse: Electric vehicle charging brand operating under the bp group.
- bpme
- earnify
- Wild Bean Café
- Amoco
- ARCO
- Castrol
- Aral
Products and services
- Crude oil pipeline transportation services
- Refined petroleum product pipeline transportation services
- Natural gas and natural gas liquids transportation services
- Bulk storage and terminal services
Companies that use BP Midstream Partners
Customer profileIdeal customer profiles1 record
BP Midstream Partners technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
BP Midstream Partners partnerships and signals
Strategic signalScale indicators1 record
Recent moves4 records
Expansion highlights5 records
BP Midstream Partners competitors and assessment
Company assessmentDirect peers
- Enterprise Products Partners: One of the largest publicly traded midstream MLPs, operating an extensive network of pipelines, storage, and processing assets for natural gas, NGLs, crude oil, and refined products. Directly comparable to BP Midstream Partners in business model (fee-based MLP), asset mix (pipelines and storage), and customer base (producers and integrated majors).
- Kinder Morgan: The largest operator of natural gas pipelines and a major transporter of crude oil, refined products, and CO2 in North America. Kinder Morgan shares BP Midstream Partners' pipeline-heavy, fee-based business model and exposure to integrated energy producer customers.
- Energy Transfer: A diversified midstream MLP operating pipelines, storage, and processing for natural gas, NGLs, crude oil, and refined products. Closely comparable to BP Midstream Partners in asset category, MLP structure, and producer-affiliated throughput model.
- Plains All American Pipeline: A publicly traded midstream MLP focused primarily on crude oil gathering, transportation, and storage across North America. Directly comparable to BP Midstream Partners' crude oil pipeline focus, particularly given overlap in Gulf of Mexico and Texas/Louisiana corridors.
- Magellan Midstream Partners: A midstream MLP that operated long-haul refined products and crude oil pipelines plus terminal storage, similar in fee-based revenue mix to BP Midstream Partners. Comparable asset categories — pipelines and storage — and comparable customer profile (refiners and integrated majors).
- Williams Companies: A major US midstream operator specializing in natural gas and NGL gathering, processing, and long-haul transportation. Overlaps with BP Midstream Partners in pipeline and storage infrastructure, large-scale project execution capability, and integrated producer customer base.
- Enbridge: A North American midstream leader operating crude oil, liquids, and natural gas pipelines and storage assets. Comparable to BP Midstream Partners in long-haul pipeline operations, fee-based tariff structure, and exposure to integrated oil and gas producers.
- ONEOK: A leading midstream operator focused on natural gas and NGL gathering, processing, transportation, and storage, with scale and tariff-based cash flows similar to BP Midstream Partners' pipeline and storage model.
- Targa Resources: A publicly traded midstream company operating NGL gathering/processing and natural gas pipelines plus fractionation and export assets. Comparable to BP Midstream Partners in midstream infrastructure footprint and producer-affiliated customer mix.
- Phillips 66 Partners: A former MLP formed by integrated refiner Phillips 66 to own and operate pipelines and terminals supporting refining operations. Closely comparable to BP Midstream Partners in sponsor (integrated major), dropdown structure, and refined-products pipeline focus.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
BP Midstream Partners social profiles
Digital presenceBP Midstream Partners financial estimates
Financial estimateRevenue estimate
Valuation estimate
BP Midstream Partners leadership team
Management profileNumber of profiles
BP Midstream Partners subsidiaries and ownership
Company hierarchySubsidiaries4 records
BP Midstream Partners funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
BP Midstream Partners M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about BP Midstream Partners
What does BP Midstream Partners do?
BP Midstream Partners was a fee-based, growth-oriented master limited partnership formed by BP Pipelines to own, operate, develop, and acquire pipelines, storage terminals, and other midstream energy assets that transport and store crude oil, refined petroleum products, natural gas, and natural gas liquids. Revenue is generated through transportation tariffs, storage fees, and capacity agreements with shippers, predominantly connected to BP p.l.c.'s broader upstream production and downstream refining operations.
Is BP Midstream Partners a public or private company?
BP Midstream Partners is a public company. It is classified as corporate owned and is currently operating.
When was BP Midstream Partners founded?
BP Midstream Partners was founded in 2017. It employs 5,001 to 10,000 people.
Where is BP Midstream Partners based?
BP Midstream Partners is headquartered in Houston, United States, in the North America region.
Who are BP Midstream Partners's main competitors?
Direct peers on record are Enterprise Products Partners, Kinder Morgan, Energy Transfer, Plains All American Pipeline, Magellan Midstream Partners, Williams Companies, Enbridge, ONEOK, Targa Resources and Phillips 66 Partners.
Does BP Midstream Partners have an API?
No public API is recorded for BP Midstream Partners.
What industry is BP Midstream Partners in?
BP Midstream Partners's product category is Midstream Energy Infrastructure. Its primary akta.pro industry code is EUALADAK, Pipeline Operations, Integrity & Control (SCADA, Pigging, Leak Detection), with a secondary code of EUAEAMAF, Gas Pipeline & Midstream Asset Management. Its NAICS code is 486110 and its SIC code is 4610.