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Phillips 66 Partners LP representing limited partner interest in the Partnership
The November MLP Monthly Report can be found here offering insights on MLP industry news, the asset class's performance, yields, valuations, and fundamental drivers.
Summary
News:
1) Marathon Petroleum Corp. (MPC) announced that it will be spinning off its gas station business, Speedway LLC, into an independent, publicly traded company. MPC has also appointed a special committee to evaluate potential strategic alternatives for its midstream business, MPLX LP (MPLX). In addition, the company announced the planned retirement of CEO Gary Heminger from MPC and MPLX.
2) Phillips 66 Partners LP (PSXP) expects its Gray