Sunoco 2011 Annual Report Download - page 69

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• Effects of transportation disruptions;
• Changes in the price differentials between light-sweet and heavy-sour crude oils;
• Changes in the marketplace which may affect supply and demand for Sunoco’s products;
• Changes in competition and competitive practices, including the impact of foreign imports;
• Effects of weather conditions and natural disasters on the Company’s operating facilities and on
product supply and demand;
• Age of, and changes in the reliability, efficiency and capacity of, the Company’s operating facilities or
those of third parties;
• Changes in the expected operating levels of Company assets;
• Changes in the level of capital expenditures or operating expenses;
• Effects of adverse events relating to the operation of the Company’s facilities and to the transportation
and storage of hazardous materials (including equipment malfunction, explosions, fires, spills, and the
effects of severe weather conditions);
• Changes in the level of environmental capital, operating or remediation expenditures;
• Delays and/or costs related to construction, improvements and/or repairs of facilities (including
shortages of skilled labor, the issuance of applicable permits and inflation);
• Changes in product specifications;
• Availability and pricing of ethanol and related RINs (Renewable Identification Numbers) used to
demonstrate compliance with the renewable fuels standard for credits and trading;
• Political and economic conditions in the markets in which the Company, its suppliers or customers
operate, including the impact of potential terrorist acts and international hostilities;
• Military conflicts between, or internal instability in, one or more oil producing countries, governmental
actions and other disruptions in the ability to obtain crude oil;
• Ability to conduct business effectively in the event of an information systems failure;
• Ability to identify acquisitions, execute them under favorable terms and integrate them into the
Company’s existing businesses;
• Ability to effect divestitures under favorable terms;
• Ability to enter into joint ventures and other similar arrangements under favorable terms;
• Changes in the availability and cost of equity and debt financing, including amounts under the
Company’s revolving credit facilities;
• Performance of financial institutions impacting the Company’s liquidity, including those supporting the
Company’s revolving credit and accounts receivable securitization facilities;
• Impact on the Company’s liquidity and ability to raise capital as a result of changes in the credit ratings
assigned to the Company’s debt securities or credit facilities;
• Changes in credit terms required by suppliers;
• Changes in insurance markets impacting costs and the level and types of coverage available, and the
financial ability of the Company’s insurers to meet their obligations;
• Changes in accounting rules and/or tax laws or their interpretations, including the method of
accounting for inventories, leases and pensions;
• Changes in financial markets impacting pension expense and funding requirements;
61