Occidental's operations may be subject to new or amended laws and regulations, as well as new or different interpretations of existing laws and regulations. These laws include those related to drilling, flaring, and production techniques, such as hydraulic fracturing and acidization, with respect to royalty rates, import, export, and use of raw materials, equipment and resources, use of land water and other natural resources, manufacturing of chemicals, marketing of commodities, and other such activities, which may lead to increased costs or demand for Occidental's operations, and some other governmental laws and regulations.