Risk Factors Update Summary
- Added "decline" instead of "declines" in the risk factor related to the natural gas and crude oil wells, which naturally decline over time. This change emphasizes a specific decline scenario.
- Added "Refined Products" to various sections, expanding the scope of products discussed in relation to commodity prices and market conditions.
- Added "22" billion in the total indebtedness figure, highlighting a significant increase in total indebtedness from the previous filing.
- Added "Uncertainty" at the beginning of a sentence, highlighting the uncertainty or adverse changes in economic conditions worldwide. This change sets a tone of caution.
- Added "for our legacy ONEOK assets" in the discussion of GHG emissions reduction targets, specifying the target's applicability.
- Added "or purchased" in the risk factor discussing the sale of commodities, indicating a potential shift in the company's procurement strategy.
- Added "the physical impacts of" in the climate change risk factor, focusing on the tangible consequences of climate change on the company's operations.
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=1039684&owner=exclude
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