Risk Factors Update Summary
- Added hostilities in Yemen, Red Sea, and Israel-Hamas conflict to geopolitical risks.
- Increased operating costs in 2023 due to steep cost inflation, impacting financial condition.
- Potential significant tax impact due to new corporate alternative minimum tax provisions.
- Enhanced leak detection requirements and emission reduction standards imposed for oil and gas facilities.
- Suspension of disposal well permits in Northern Culberson-Reeves area due to seismicity concerns.
- Proposed increase in Stock Buyback Tax from 1% to 4% by the Biden Administration.
- Potential substantial compliance costs due to climate-related disclosure requirements in various states.
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=1090012&owner=exclude
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