Sunoco 2012 Annual Report Download - page 3

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Forward-Looking Statements
This annual report on Form 10-K discusses our goals, intentions and expectations as to future trends, plans,
events, results of operations or financial condition, or states other information relating to us, based on the
current beliefs of our management as well as assumptions made by, and information currently available to, our
management.
Words such as “may,” “anticipates,” “believes,” “expects,” “estimates,” “planned,” “scheduled” or
similar phrases or expressions identify forward-looking statements. Although we believe these forward-looking
statements are reasonable, they are based upon a number of assumptions, any or all of which may ultimately
prove to be inaccurate. These statements are subject to numerous assumptions, uncertainties and risks that may
cause future results to be materially different from the results projected, forecasted, estimated or budgeted,
including, but not limited to the following:
• Our ability to successfully consummate announced acquisitions or expansions and integrate them into
our existing business operations;
• Delays related to construction of, or work on, new or existing facilities and the issuance of applicable
permits;
• Changes in demand for, or supply of, crude oil and refined petroleum products that impact demand for
our pipeline, terminalling and storage services;
• Changes in the short-term and long-term demand for crude oil, refined petroleum products and natural
gas liquids we buy and sell;
• An increase in the competition encountered by our terminals, pipelines and crude oil and refined
products acquisition and marketing operations;
• Changes in the financial condition or operating results of joint ventures or other holdings in which we
have an equity ownership interest;
• Changes in the general economic conditions in the United States;
• Changes in laws and regulations to which we are subject, including federal, state, and local tax, safety,
environmental and employment laws;
• Changes in regulations governing composition of the products that we transport, terminal and store;
• Improvements in energy efficiency and technology resulting in reduced demand for refined petroleum
products;
• Our ability to manage growth and/or control costs;
• The ability of Energy Transfer Partners, L.P. to successfully integrate our operations and employees,
and realize anticipated synergies;
• The effect of changes in accounting principles and tax laws and interpretations of both;
• Global and domestic economic repercussions, including disruptions in the crude oil and refined
petroleum products markets, from terrorist activities, international hostilities and other events, and the
government’s response thereto;
• Changes in the level of operating expenses and hazards related to operating facilities (including
equipment malfunction, explosions, fires, spills and the effects of severe weather conditions);
• The occurrence of operational hazards or unforeseen interruptions for which we may not be
adequately insured;
• The age of, and changes in the reliability and efficiency of our operating facilities;
• Changes in the expected level of capital, operating, or remediation spending related to environmental
matters;
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