Risk Factors Update Summary
- Addition of demand for refined petroleum, petrochemical, and plastics products impacting earnings, financial condition, and cash flows.
- Mention of the impact of the Russia-Ukraine war on crude oil prices and production controls.
- Introduction of regulatory changes such as Senate Bill No. 2 affecting refining margins and maintenance activities.
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.
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