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What changed 10-K
Item 7A. Quantitative and Qualitative Disclosures About Market Risk
2026-02-26 compared with 2025-02-27 · 2 added, 2 removed, 13 unchanged (24% of the section changed)
5 unchanged sentences
It is customary in the oil and gas industry that a majority of our revenues and expenses are denominated in U.S.
−Removed: dollars, which is the functional currency of our subsidiaries and equity method investees.
−Removed: However, a portion of the revenues and expenses of certain of our subsidiaries and equity method investees are denominated in other currencies.
+Added: dollars, which is the functional currency of our subsidiaries and equity method investee.
+Added: However, a portion of the revenues and expenses of certain of our subsidiaries and equity method investee are denominated in other currencies.
We are therefore exposed to foreign exchange gains and losses that may arise on the revaluation or settlement of monetary balances denominated in foreign currencies.
6 unchanged sentences
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.