Thomson Reuters
(Reuters) – BP Plc is considering spinning off certain U.S. pipeline assets in the U.S. Gulf and Midwest in an initial public offering, the company said in a statement on Tuesday.
The potential IPO would structure the assets as a master-limited partnership (MLP), a frequently used corporate structure for pipeline companies.
The plan, first considered about five years ago, was shelved when oil prices declined sharply in 2014, according to one person familiar…