Trump enacts measures to reverse Biden's land conservation regulations.
Written by Emily J. Thompson, Senior Investment Analyst
Source: SeekingAlpha
Congressional Measures Signed: President Trump signed measures to reverse Biden-era energy development restrictions in the Arctic National Wildlife Refuge and federal lands in three Western states, utilizing the Congressional Review Act.
Impact on Drilling Acreage: The Biden administration's rule reduced available drilling acreage from 1.6 million to approximately 400,000 acres, setting the stage for future lease sales in the region amid renewed interest from the oil industry.
Analyst Views on XOP
Wall Street analysts forecast XOP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for XOP is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
