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VLO_2021.txt
Table of Contents ITEM 1A. RISK FACTORS You should carefully consider the following risk factors in addition to the other information included in this report. Each of these risk factors could adversely affect our business, financial condition, results of operations, and/or liquidity, as well as adversely affect the v...
VLO_2022.txt
Table of Contents ITEM 1A. RISK FACTORS You should carefully consider the following risk factors in addition to the other information included in this report. Each of these risk factors could adversely affect our business, financial condition, results of operations, and/or liquidity, as well as adversely affect the v...
VLO_2023.txt
Table of Contents ITEM 1A. RISK FACTORS You should carefully consider the following risk factors in addition to the other information included in this report. Each of these risks could adversely affect our business, financial condition, results of operations, and/or liquidity, as well as, in certain cases, the value...
VLO_2024.txt
Table of Contents ITEM 1A. RISK FACTORS You should carefully consider the following risk factors in addition to the other information included in this report. Each of these risks could adversely affect our business, financial condition, results of operations, and/or liquidity, as well as, in certain cases, the value...
VLTO_2023.txt
ITEM 1A. RISK FACTORS You should carefully consider the risks and uncertainties described below, together with the information included elsewhere in this Annual Report on Form 10-K and other documents we file with the SEC. We have identified the risks and uncertainties described below as material, but they are not t...
VLTO_2024.txt
ITEM 1A. RISK FACTORS You should carefully consider the risks and uncertainties described below, together with the information included elsewhere in this Annual Report on Form 10-K and other documents we file with the SEC. We have identified the risks and uncertainties described below as material, but they are not t...
VMC_2018.txt
RISK FACTORS  The following risks could materially and adversely affect our business, financial condition and results of operations, andcausethe trading price of our common stocktodecline. These risk factors do not identify all risks that we face; our operations could also be affected by factors that are not present...
VMC_2019.txt
ITEM 1A RISK FACTORS The following risks could materially and adversely affect our business, financial condition and results of operations, and cause the trading price of our common stock to decline. These risk factors do not identify all risks that we face; our operations could also be affected by factors that are ...
VMC_2020.txt
ITEM 1A RISK FACTORS The following risks could materially and adversely affect our business, financial condition and results of operations, and cause the trading price of our common stock to decline. These risk factors do not identify all risks that we face; our operations could also be affected by factors that are ...
VMC_2021.txt
ITEM 1A RISK FACTORS The following risks could materially and adversely affect our business, financial condition and results of operations, and cause the trading price of our common stock to decline. These risk factors do not identify all risks that we face; our operations could also be affected by factors that are ...
VMC_2022.txt
ITEM 1A RISK FACTORS The following risks could materially and adversely affect our business, financial condition and results of operations, and cause the trading price of our common stock to decline. This list does not identify all risks that we face; our operations could also be affected by factors that are not pre...
VMC_2023.txt
Part I 21 ITEM 1A RISK FACTORS The following risks could materially and adversely affect our business, financial condition and results of operations, and cause the trading price of our common stock to decline. This list does not identify all risks that we face; our operations could also be affected by factors ...
VMC_2024.txt
ITEM 1A RISK FACTORS The following risks could materially and adversely affect our business, financial condition and results of operations, and cause the trading price of our common stock to decline. This list does not identify all risks that we face; our operations could also be affected by factors that are not pre...
VST_2017.txt
Risk Factors of this Annual Report on Form 10-K. Retirement of Generation Plants - In October 2017, Luminant announced plans to retire three power plants with a total installed nameplate generation capacity of approximately 4,167 MW and two lignite mines. These power plants include the Monticello, Sandow 4, Sandow 5 ...
VST_2018.txt
Risk Factors for additional discussion of risks posed to us regarding regulatory requirements. See Note 15 to the Financial Statements for a discussion of litigation related to EPA reviews. Climate Change There is a debate nationally and internationally about global climate change and how greenhouse gas (GHG) emis...
VST_2019.txt
16 Table of Contents Item 1A.RISK FACTORS Please carefully consider the following discussion of significant factors, events, and uncertainties that make an investment in our securities risky. These factors, in addition to others specifically addressed in Item 7. Management's Discussion and Analysis of Financial Con...
VST_2020.txt
Table of Contents Item 1A.RISK FACTORS Summary of Risk Factors The following summarizes the principal factors that make an investment in our company speculative or risky, all of which are more fully described in the Risk Factors section below. This summary should be read in conjunction with the Risk Factors section ...
VST_2021.txt
Table of Contents Item 1A.RISK FACTORS Summary of Risk Factors The following summarizes the principal factors that make an investment in our company speculative or risky, all of which are more fully described in the Risk Factors section below. This summary should be read in conjunction with the Risk Factors section ...
VST_2022.txt
Table of Contents Item 1A.RISK FACTORS Summary of Risk Factors The following summarizes the principal factors that make an investment in our company speculative or risky, all of which are more fully described in the Risk Factors section below. This summary should be read in conjunction with the Risk Factors section ...
VST_2023.txt
Table of Contents Item 1A.RISK FACTORS Summary of Risk Factors The following summarizes the principal factors that make an investment in our company speculative or risky, all of which are more fully described in the Risk Factors section below. This summary should be read in conjunction with the Risk Factors section ...
VST_2024.txt
Table of Contents Item 1A.RISK FACTORS Summary of Risk Factors The following summarizes the principal factors that make an investment in our company speculative or risky, all of which are more fully described in the Risk Factors section below. This summary should be read in conjunction with the Risk Factors section ...
WEC_2015.txt
ITEM 1A. RISK FACTORS We are subject to a variety of risks, many of which are beyond our control, that may adversely affect our business, financial condition, and results of operations. You should carefully consider the following risk factors, as well as the other information included in this report and other document...
WEC_2016.txt
ITEM 1A. RISK FACTORS We are subject to a variety of risks, many of which are beyond our control, that may adversely affect our business, financial condition, and results of operations. You should carefully consider the following risk factors, as well as the other information included in this report and other document...
WEC_2017.txt
ITEM 1A. RISK FACTORS We are subject to a variety of risks, many of which are beyond our control, that may adversely affect our business, financial condition, and results of operations. You should carefully consider the following risk factors, as well as the other information included in this report and other document...
WEC_2018.txt
ITEM 1A. RISK FACTORS We are subject to a variety of risks, many of which are beyond our control, that may adversely affect our business, financial condition, and results of operations. You should carefully consider the following risk factors, as well as the other information included in this report and other document...
WEC_2019.txt
Table of Contents ITEM 1A. RISK FACTORS We are subject to a variety of risks, many of which are beyond our control, that may adversely affect our business, financial condition, and results of operations. You should carefully consider the following risk factors, as well as the other information included in this repor...
WEC_2020.txt
Table of Contents ITEM 1A. RISK FACTORS We are subject to a variety of risks, many of which are beyond our control, that may adversely affect our business, financial condition, and results of operations. You should carefully consider the following risk factors, as well as the other information included in this repor...
WEC_2021.txt
Table of Contents ITEM 1A. RISK FACTORS We are subject to a variety of risks, many of which are beyond our control, that may adversely affect our business, financial condition, and results of operations. You should carefully consider the following risk factors, as well as the other information included in this repor...
WEC_2022.txt
Table of Contents ITEM 1A. RISK FACTORS We are subject to a variety of risks, many of which are beyond our control, that may adversely affect our business, financial condition, and results of operations. You should carefully consider the following risk factors, as well as the other information included in this repor...
WEC_2023.txt
Table of Contents ITEM 1A. RISK FACTORS We are subject to a variety of risks, many of which are beyond our control, that may adversely affect our business, financial condition, and results of operations. You should carefully consider the following risk factors, as well as the other information included in this report...
WEC_2024.txt
Table of Contents ITEM 1A. RISK FACTORS We are subject to a variety of risks, many of which are beyond our control, that may adversely affect our business, financial condition, and results of operations. You should carefully consider the following risk factors, as well as the other information included in this report...
WFRD_2015.txt
Risk Factors An investment in our securities involves various risks. You should consider carefully all of the risk factors described below, the matters discussed herein under “ Forward-Looking Statements” and other information included and incorporated by reference in this Form 10-K, as well as in other reports and ma...
WFRD_2016.txt
Risk Factors An investment in our securities involves various risks. You should consider carefully all of the risk factors described below, the matters discussed herein under “ Forward-Looking Statements” and other information included and incorporated by reference in this Form 10-K, as well as in other reports and ma...
WFRD_2017.txt
Risk Factors An investment in our securities involves various risks. You should consider carefully all of the risk factors described below, the matters discussed herein under “ Forward-Looking Statements” and other information included and incorporated by reference in this Form 10-K, as well as in other reports and ma...
WFRD_2018.txt
Risk Factors An investment in our securities involves various risks. You should consider carefully all of the risk factors described below, the matters discussed herein under “ Forward-Looking Statements” and other information included and incorporated by reference in this Form 10-K, as well as in other reports and ma...
WFRD_2019.txt
Table of ContentsItem 1A | Risk Factors Item 1A. Risk Factors An investment in our securities involves various risks. You should consider carefully all the risk factors described below, the matters discussed herein under “Forward-Looking Statements” and other information included and incorporated by reference in thi...
WFRD_2020.txt
Table of Contents    Item 1A | Risk Factors Item 1A. Risk Factors An investment in our securities involves various risks. You should consider carefully all the risk factors described below, the matters discussed herein under “Forward-Looking Statements” and other information included and incorporated by reference in...
WFRD_2021.txt
Table of Contents    Item 1A | Risk Factors Item 1A. Risk Factors An investment in our securities involves various risks. You should consider carefully all the risk factors described below, the matters discussed herein under “Forward-Looking Statements” and other information included and incorporated by reference in...
WFRD_2022.txt
Item 1A. Risk Factors An investment in our securities involves various risks. You should consider carefully all the risk factors described below, the matters discussed herein under “Forward-Looking Statements” and other information included and incorporated by reference in this Form 10-K, as well as in other reports a...
WFRD_2023.txt
Item 1A. Risk Factors. An investment in our securities involves various risks. You should consider carefully all the risk factors described below, the matters discussed herein under “Forward-Looking Statements” and other information included and incorporated by reference in this Form 10-K, as well as in other reports ...
WFRD_2024.txt
Item 1A. Risk Factors. An investment in our securities involves various risks. You should consider carefully all the risk factors described below, the matters discussed herein under “Forward-Looking Statements” and other information included and incorporated by reference in this Form 10-K, as well as in other reports ...
WLK_2015.txt
Item 1A. Risk Factors Cyclicality in the petrochemical industry has in the past, and may in the future, result in reduced operating margins or operating losses. Our historical operating results reflect the cyclical and volatile nature of the petrochemical industry. The industry is mature and capital intensive. Margin...
WLK_2016.txt
Item 1A. Risk Factors Cyclicality in the petrochemical industry has in the past, and may in the future, result in reduced operating margins or operating losses. Our historical operating results reflect the cyclical and volatile nature of the petrochemical industry. The industry is mature and capital intensive. Margin...
WLK_2017.txt
Item 1A. Risk Factors Cyclicality in the petrochemical industry has in the past, and may in the future, result in reduced operating margins or operating losses. Our historical operating results reflect the cyclical and volatile nature of the petrochemical industry. The industry is mature and capital intensive. Margin...
WLK_2018.txt
Item 1A. Risk Factors Cyclicality in the petrochemical industry has in the past, and may in the future, result in reduced operating margins or operating losses. Our historical operating results reflect the cyclical and volatile nature of the petrochemical industry. The industry is mature and capital intensive. Margin...
WLK_2019.txt
Item 1A. Risk Factors Cyclicality in the petrochemical industry has in the past, and may in the future, result in reduced operating margins or operating losses. Our historical operating results reflect the cyclical and volatile nature of the petrochemical industry. The industry is mature and capital intensive. Margin...
WLK_2020.txt
Item 1A. Risk Factors Risk Factors Relating to Our Operations The ongoing coronavirus ("COVID-19") pandemic could materially adversely affect our business, financial condition and results of operations. The ongoing COVID-19 outbreak, which the World Health Organization declared as a pandemic on March 11, 2020, has c...
WLK_2021.txt
Item 1A. Risk Factors Risk Factors Relating to Our Operations The impact and effects of public health crises, pandemics and epidemics, including the ongoing coronavirus ("COVID-19") pandemic, could materially adversely affect our business, financial condition and results of operations. Public health crises, pandemic...
WLK_2022.txt
Item 1A. Risk Factors We are subject to various risks and uncertainties in the course of our business. The following summarizes the risks and uncertainties that we consider to be material and that may materially and adversely affect our business, financial condition, results of operations or cash flows and the market ...
WLK_2023.txt
Item 1A. Risk Factors We are subject to various risks and uncertainties in the course of our business. The following summarizes the risks and uncertainties that we consider to be material and that may materially and adversely affect our business, financial condition, results of operations or cash flows and the market ...
WLK_2024.txt
Table of Contents Item 1A. Risk Factors We are subject to various risks and uncertainties in the course of our business. The following summarizes the risks and uncertainties that we consider to be material and that may materially and adversely affect our business, financial condition, results of operations or cash fl...
WMB_2015.txt
RISK FACTORS You should carefully consider the following risk factors in addition to the other information in this report. Each of these factors could adversely affect our business, operating results, and financial condition, as well as adversely affect the value of an investment in our securities. The pendency of th...
WMB_2016.txt
RISK FACTORS You should carefully consider the following risk factors in addition to the other information in this report. Each of these factors could adversely affect our business, prospects, financial condition, results of operations, cash flows and, in some cases our reputation. The occurrence of any of such risks ...
WMB_2017.txt
RISK FACTORS You should carefully consider the following risk factors in addition to the other information in this report. Each of these factors could adversely affect our business, prospects, financial condition, results of operations, cash flows, and, in some cases our reputation. The occurrence of any of such risks...
WMB_2018.txt
RISK FACTORS You should carefully consider the following risk factors in addition to the other information in this report. Each of these factors could adversely affect our business, prospects, financial condition, results of operations, cash flows, and, in some cases our reputation. The occurrence of any of such risks...
WMB_2019.txt
Item 1A. Risk Factors FORWARD-LOOKING STATEMENTS AND CAUTIONARY STATEMENT FOR PURPOSES OF THE “SAFE HARBOR” PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 The reports, filings, and other public announcements of Williams may contain or incorporate by reference statements that do not directly or ...
WMB_2020.txt
Item 1A. Risk Factors FORWARD-LOOKING STATEMENTS AND CAUTIONARY STATEMENT FOR PURPOSES OF THE “SAFE HARBOR” PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 The reports, filings, and other public announcements of Williams may contain or incorporate by reference statements that do not directly or e...
WMB_2021.txt
Item 1A. Risk Factors FORWARD-LOOKING STATEMENTS AND CAUTIONARY STATEMENT FOR PURPOSES OF THE “SAFE HARBOR” PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 The reports, filings, and other public announcements of Williams may contain or incorporate by reference statements that do not directly or e...
WMB_2022.txt
Item 1A. Risk Factors FORWARD-LOOKING STATEMENTS AND CAUTIONARY STATEMENT FOR PURPOSES OF THE “SAFE HARBOR” PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 The reports, filings, and other public announcements of Williams may contain or incorporate by reference statements that do not directly or e...
WMB_2023.txt
Item 1A. Risk Factors FORWARD-LOOKING STATEMENTS AND CAUTIONARY STATEMENT FOR PURPOSES OF THE “SAFE HARBOR” PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 The reports, filings, and other public announcements of Williams may contain or incorporate by reference statements that do not directly or e...
WMB_2024.txt
Item 1A. Risk Factors FORWARD-LOOKING STATEMENTS AND CAUTIONARY STATEMENT FOR PURPOSES OF THE “SAFE HARBOR” PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 The reports, filings, and other public announcements of Williams, Transco, and NWP may contain or incorporate by reference statements that do...
WM_2015.txt
Risk Factors. In an effort to keep our stockholders and the public informed about our business, we may make “forward-looking statements.” Forward-looking statements usually relate to future events and anticipated revenues, earnings, cash flows or other aspects of our operations or operating results. Forward-looking st...
WM_2017.txt
Risk Factors — The adoption of climate change legislation or regulations restricting emissions of “greenhouse gases” could increase our costs to operate. Other recent final and proposed rules to increase the stringency of certain National Ambient Air Quality Standards (“ NAAQS”) could affect the cost, timeliness an...
WM_2018.txt
Risk Factors — The adoption of climate change legislation or regulations restricting emissions of “greenhouse gases” could increase our costs to operate. Other recent regulatory actions to increase the stringency of certain National Ambient Air Quality Standards (“ NAAQS”) could affect the cost, timeliness and avai...
WM_2024.txt
Risk Factors Summary Our business is subject to numerous risks and uncertainties, including those described in Part I, “Item 1A. Risk Factors” of this Annual Report. These risks include the following: Strategy and Operational Risks ●If we fail to implement our business strategy, our financial performance and our gr...
WTRG_2019.txt
In addition to the other information included in this Annual Report, the following factors should be considered in evaluating our business and future prospects. Any of the following risks, either alone or taken together, could materially harm our business, financial condition, and results of operations. If one or mor...
WTRG_2020.txt
In addition to the other information included in this Annual Report, the following factors should be considered in evaluating our business and future prospects. Any of the following risks, either alone or taken together, could materially harm our business, financial condition, and results of operations. If one or mor...
WTRG_2021.txt
In addition to the other information included in this Annual Report, the following factors should be considered in evaluating our business and future prospects. Any of the following risks, either alone or taken together, could materially harm our business, financial condition, and results of operations. If one or mor...
WTRG_2022.txt
In addition to the other information included in this Annual Report, the following factors should be considered in evaluating our business and future prospects. Any of the following risks, either alone or taken together, could materially harm our business, financial condition, and results of operations. If one or mor...
WTRG_2023.txt
In addition to the other information included in this Annual Report, the following factors should be considered in evaluating our business and future prospects. Any of the following risks, either alone or taken together, could materially harm our business, financial condition, and results of operations. If one or mor...
WTRG_2024.txt
In addition to the other information included in this Annual Report, the following factors should be considered in evaluating our business and future prospects. Any of the following risks, either alone or taken together, could materially harm our business, financial condition, and results of operations. If one or mor...
XEL_2018.txt
Risk Factors Xcel Energy is subject to a variety of risks, many of which are beyond our control. Risks that may adversely affect the business, financial condition, results of operations or cash flows are described below. These risks should be carefully considered together with the other information set forth in this r...
XEL_2019.txt
ITEM 1A — RISK FACTORS Xcel Energy is subject to a variety of risks, many of which are beyond our control. Risks that may adversely affect the business, financial condition, results of operations or cash flows are described below. These risks should be carefully considered together with the other information set forth...
XEL_2020.txt
ITEM 1A — RISK FACTORS Xcel Energy is subject to a variety of risks, many of which are beyond our control. Risks that may adversely affect the business, financial condition, results of operations or cash flows are described below. These risks should be carefully considered together with the other information set forth...
XEL_2021.txt
Table of Contents ITEM 1A — RISK FACTORS Xcel Energy is subject to a variety of risks, many of which are beyond our control. Risks that may adversely affect the business, financial condition, results of operations or cash flows are described below. Although the risks are organized by heading, and each risk is descri...
XEL_2022.txt
Table of Contents ITEM 1A — RISK FACTORS Xcel Energy is subject to a variety of risks, many of which are beyond our control. Risks that may adversely affect the business, financial condition, results of operations or cash flows are described below. Although the risks are organized by heading, and each risk is descri...
XEL_2023.txt
Table of Contents ITEM 1A — RISK FACTORS Xcel Energy is subject to a variety of risks, many of which are beyond our control. Risks that may adversely affect the business, financial condition, results of operations or cash flows are described below. Although the risks are organized by heading, and each risk is descri...
XEL_2024.txt
Table of Contents      ITEM 1A — RISK FACTORS Xcel Energy is subject to a variety of risks, many of which are beyond our control. Risks that may adversely affect the business, financial condition, results of operations or cash flows are described below. Although the risks are organized by heading, and each risk is de...
XOM_2015.txt
ITEM 1A. RISK FACTORS ExxonMobil’s financial and operating results are subject to a variety of risks inherent in the global oil, gas, and petrochemical businesses. Many of these risk factors are not within the Company’s control and could adversely affect our business, our financial and operating results, or our financ...
XOM_2016.txt
ITEM 1A. RISK FACTORS ExxonMobil’s financial and operating results are subject to a variety of risks inherent in the global oil, gas, and petrochemical businesses. Many of these risk factors are not within the Company’s control and could adversely affect our business, our financial and operating results, or our financ...
XOM_2017.txt
ITEM 1A. RISK FACTORS ExxonMobil’s financial and operating results are subject to a variety of risks inherent in the global oil, gas, and petrochemical businesses. Many of these risk factors are not within the Company’s control and could adversely affect our business, our financial and operating results, or our financ...
XOM_2018.txt
ITEM 1A. RISK FACTORS ExxonMobil’s financial and operating results are subject to a variety of risks inherent in the global oil, gas, and petrochemical businesses. Many of these risk factors are not within the Company’s control and could adversely affect our business, our financial and operating results, or our financ...
XOM_2019.txt
RISK FACTORS ExxonMobil’s financial and operating results are subject to a variety of risks inherent in the global oil, gas, and petrochemical businesses. Many of these risk factors are not within the Company’s control and could adversely affect our business, our financial and operating results, or our financial condi...
XOM_2020.txt
ITEM 1A. RISK FACTORS ExxonMobil’s financial and operating results are subject to a variety of risks inherent in the global oil, gas, and petrochemical businesses. Many of these risk factors are not within the Company’s control and could adversely affect our business, our financial and operating results, or our financ...
XOM_2021.txt
ITEM 1A. RISK FACTORS ExxonMobil’s financial and operating results are subject to a variety of risks inherent in the global oil, gas, and petrochemical businesses, and the pursuit of lower-emission business opportunities. Many of these risk factors are not within the company’s control and could adversely affect our bu...
XOM_2022.txt
ITEM 1A. RISK FACTORS ExxonMobil’s financial and operating results are subject to a variety of risks inherent in the global oil, gas, and petrochemical businesses, and the pursuit of lower-emission business opportunities. Many of these risk factors are not within the company’s control and could adversely affect our bu...
XOM_2023.txt
ITEM 1A. RISK FACTORS ExxonMobil’s financial and operating results are subject to a variety of risks inherent in the global oil, gas, and petrochemical businesses and the pursuit of lower-emission business opportunities. Many of these risk factors are not within the company’s control and could adversely affect our bus...
XOM_2024.txt
ITEM 1A. RISK FACTORS ExxonMobil’s financial and operating results are subject to a variety of risks inherent in the global oil, gas, and petrochemical businesses and the pursuit of lower-emission and other new business opportunities. Many of these risk factors are not within the Company’s control and could adversely ...