Risk Factors Update Summary
- In 2023, top 15 customers represented 59% of total revenues, with Chevron at 11%.
- Decline in Brent crude oil prices from $97 to $71 per barrel in 2023.
- Forecasted Brent crude oil price to average $82.49 per barrel in 2024 and $79.48 in 2025.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=1042893&owner=exclude
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