Sunoco 2005 Annual Report Download - page 40

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Forward-looking statements involve a number of risks and uncertainties. Important factors
that could cause actual results to differ materially from the forward-looking statements in-
clude, 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;
• 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 facili-
ties and on product supply and demand;
• Age of, and changes in, the reliability, efficiency and capacity of, the Company’s oper-
ating facilities or those of third parties;
• Changes in the level of 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 malfunc-
tion, explosions, fires, spills, and the effects of severe weather conditions);
• Changes in the expected 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 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, 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 coun-
tries, 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 enter into joint ventures and other similar arrangements under favorable
terms;
• Changes in the availability and cost of debt and equity financing;
• Changes in the credit ratings assigned to the Company’s debt securities or credit
facilities;
• Changes in insurance markets impacting costs and the level and types of coverage
available;
• Changes in tax laws or their interpretations, including pension funding requirements;
• Changes in financial markets impacting pension expense and funding requirements;
• Risks related to labor relations and workplace safety;
38