Risk Factors Update Summary
- Pipeline shutdowns may interrupt or shut in production, impacting revenue. This could result in significant financial losses.
- Acquisition due diligence now includes assessing possible deficiencies and problems before closing.
- Technological advancements in renewable energy may lower oil demand, impacting future development opportunities.
- Changes in regulations may lead to reduced demand for petroleum products, impacting prices.
- Climate-related regulations may increase operational costs and impact the value of reserves.
- Financial institutions' policies may reduce funding to the fossil fuel sector, affecting operations.
- Increased litigation risks from climate-related disclosures could lead to financial strain and resource constraints.
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=101778&owner=exclude
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