Biden Administration Finalizes Historic Reforms For Oil And Gas Drilling On Federal Lands [Forbes]
ConocoPhillips (COP)
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Source: Forbes
the $10,000 bond amount that's been in place for decades, according to a rule finalized Friday from the Bureau of Land Management. The administration is also reportedly planning to issue a rule that would limit oil drilling in ... [+] Alaska. The “Fluid Mineral Leases and Leasing Process rule ,” issued by the Interior Department's Bureau of Land Management, finalized the price hikes up from $10,000—a figure that was last updated in 1960—and the price will be adjusted every ten years for inflation, according to a news release Companies will also be required to pay more in royalties for extracted oil and gas—the new rate will be 16.67%, up from 12.5%, until Aug. 16, 3032, and then will become the new minimum royalty rate, according to the release. The rule also aims to protect wildlife and cultural sites by establishing a bureau preference for companies “to offer lands for lease that are close to existing infrastructure or have high potential for oil and gas production,” the rel
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News
- Is a Beat in Store for ConocoPhillips (COP) in Q1 Earnings? [Yahoo! Finance]Yahoo! Finance
- ConocoPhillips (NYSE: COP) had its price target lowered by analysts at Truist Financial Co. from $170.00 to $160.00. They now have a "buy" rating on the stock.MarketBeat
- ConocoPhillips (COP) Advances While Market Declines: Some Information for Investors [Yahoo! Finance]Yahoo! Finance
- Why Investors Need to Take Advantage of These 2 Oils-Energy Stocks Now [Yahoo! Finance]Yahoo! Finance
- ConocoPhillips (COP) Stock Slides as Market Rises: Facts to Know Before You Trade [Yahoo! Finance]Yahoo! Finance
COP
Earnings
- 2/8/24 - Beat
COP
Sec Filings
- 4/17/24 - Form PX14A6G
- 4/17/24 - Form 4
- 4/2/24 - Form 4
- COP's page on the SEC website