Sunoco 2003 Annual Report Download - page 41

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uncertainties. Important factors that could cause actual results to differ materially from the
forward-looking statements include, without limitation:
• Changes in refining, marketing and chemical margins;
• Variation in petroleum-based commodity prices and availability of crude oil and feed-
stock supply or transportation;
• Volatility 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;
• Changes in the reliability and efficiency of the Company’s operating facilities or those
of third parties;
• Changes in the level of operating expenses and hazards common to operating facilities
(including equipment malfunction, explosions, fires, oil spills, and the effects of severe
weather conditions);
• Changes in the expected level of environmental capital, operating or remediation
expenditures;
• Delays related to construction of or work on facilities and the issuance of applicable
permits;
• Changes in product specifications;
• Availability and pricing of oxygenates such as MTBE and ethanol;
• Phase-outs or restrictions on the use of MTBE;
• Political and economic conditions in the markets in which the Company operates, in-
cluding the impact of potential terrorist acts and international hostilities;
• Military conflicts between, or internal instability in, one or more oil producing coun-
tries, governmental actions and other disruptions in the ability to obtain crude oil;
• Changes in the availability and cost of debt and equity financing;
• Changes in insurance markets impacting costs and the level and types of coverage
available;
• Changes in financial markets impacting pension expense and funding requirements;
• Risks related to labor relations;
• Nonperformance by major customers, suppliers or other business partners;
• General economic, financial and business conditions which could affect Sunoco’s finan-
cial condition and results of operations;
• Changes in applicable statutes and government regulations or their interpretations, in-
cluding those relating to the environment and global warming;
• Claims of the Company’s noncompliance with statutory and regulatory requirements;
and
• Changes in the status of, or initiation of new, litigation to which the Company is a
party or liability resulting from litigation or administrative proceedings, including natu-
ral resource damage claims.
The factors identified above are believed to be important factors (but not necessarily all of
the important factors) that could cause actual results to differ materially from those ex-
pressed in any forward-looking statement made by Sunoco. Unpredictable or unknown fac-
tors not discussed herein could also have material adverse effects on the Company. All
forward-looking statements included in this Annual Report to Shareholders are expressly
qualified in their entirety by the foregoing cautionary statements. The Company under-
takes no obligation to update publicly any forward-looking statement (or its associated
cautionary language) whether as a result of newinformation or future events.
39