ConocoPhillips (COP) risk factors: FY2025 10-K

1. Our operating results, our ability to execute on our strategy and the carrying value of our assets are exposed to the effects of volatile commodity prices or prolonged periods of low commodity prices.
2. If we do not successfully develop resources, the scope of our business will decline, and our financial condition and results of operations may be adversely affected.
3. The exploration and production of oil and gas is a highly competitive industry.
4. Our ability to successfully execute on our plans to reduce operational GHG emissions intensity is subject to a number of risks and uncertainties and such reductions may be costly and challenging to achieve.
5. Estimates of crude oil, bitumen, natural gas and NGL reserves are imprecise and may be subject to revision, and any material change in the factors and assumptions underlying our estimates of crude oil, bitumen, natural gas and NGL reserves could impair the quantity and value of those reserves.
6. Our business may be adversely affected by price controls; government-imposed limitations on production or exports of crude oil, bitumen, LNG, natural gas and NGLs; or the unavailability of adequate gathering, processing, compression, transportation, and pipeline facilities and equipment for our production of crude oil, bitumen, natural gas and NGLs.
7. Our ability to manage risk or influence outcomes in joint ventures may be constrained.
8. Our operations are subject to hazards and risks that require significant and continuous oversight.

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1. We expect to continue to incur substantial capital expenditures and operating costs as a result of our compliance with existing and future environmental laws and regulations.
2. Existing and future laws, regulations and internal initiatives relating to global climate change, such as limitations on GHG emissions or provisions aimed at reducing such emissions, may impact or limit our business plans, result in significant expenditures, promote alternative uses of energy or reduce demand for our products.
3. Broader investor and societal attention to and efforts to address global climate change may limit who can do business with us or our access to financial markets and could subject us to litigation.
4. Political and economic developments could damage our operations and materially reduce our profitability and cash flows.
5. Political and economic factors in international markets could have a material adverse effect on us.

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1. We may need additional capital in the future, and it may not be available on acceptable terms or at all.
2. Our business may be adversely affected by deterioration in the credit quality of, or defaults under our contracts with, third parties with whom we do business.
3. Our ability to execute our capital return program is subject to certain considerations.
4. There are substantial risks with any acquisitions or divestitures we have completed or that we may choose to undertake.
5. Our technologies, systems and networks are subject to cybersecurity threats.Cybersecurity

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Headings in the FY2024 10-K with no match this year.

1. Integrating Marathon Oil's business may be more difficult, costly or time-consuming than expected, and we may fail to achieve the expected benefits and synergies of the Marathon Oil acquisition, which may adversely affect our business results and negatively affect the value of our common stock.
2. The market value of our common stock could decline if large amounts of our common stock are sold now that the Marathon Oil acquisition has been consummated.