Sunoco Logistics is a master limited partnership that operates as a midstream energy company. The business is headquartered in Philadelphia, Pennsylvania and markets its common shares on the New York Stock Exchange. Shares are traded using the ticker symbol SXL.
The company operates several properties that are strategically located in locations where they can harness the full potential of their facilities. These hubs are used to transport, terminal and store crude oil, natural gas liquids (NGLs) and other refined products. The operations of Sunoco Logistics are divided into four segments, namely Crude Oil Acquisition and Marketing, Crude Oil Properties, Terminal Facilities and Products Pipelines.
Founded in 2001, the company acquires properties to further expand its network pipelines that stretch up to 2,400 miles. The operations of the company are focused in Oklahoma and in Texas. Sunoco Logistics is listed as a component of the Wilshire 5000 Index.
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