1 unchanged sentence
The Company is exposed to market risks associated with interest rates, prices of crude oil, natural gas and petroleum products, and foreign currency exchange rates.
−Removed: As described in Note L to this Form 10-Q report, Murphy makes use of derivative financial and commodity instruments to manage risks associated with existing or anticipated transactions.
−Removed: There were commodity transactions in place at September 30, 2022, covering certain future U.S.
−Removed: crude oil sales volumes for the remainder of 2022.
−Removed: A 10% increase in the respective benchmark price of these commodities would have increased the net payable associated with these derivative contracts by approximately $28.5 million, while a 10% decrease would have decreased the recorded net payable by a similar amount.
−Removed: There were no derivative foreign exchange contracts in place at September 30, 2022.
+Added: As described in Note K to this Form 10-Q report, Murphy, at times, makes use of derivative financial and commodity instruments to manage risks associated with existing or anticipated transactions.
+Added: There were no derivative commodity contracts in place at March 31, 2023.
+Added: There were no derivative foreign exchange contracts in place at March 31, 2023.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.