Thanks for all the differing viewpoints, guys!
The history of my stock: It was stripped of all original finish (whatever Beretta used circa 1970's)...sanded appropriately and many, many coats of BLO applied (NO STAIN was used). (Its original color was a medium golden brown similar to the old Browning stocks). The BLO immediately turned the walnut a deep chocolate tone with streaks of lighter browns....very striking contrast. (black walnut, maybe?)
My OP was primarily to assess if I could reverse things and re-capture the stocks original hue.
Prior to your responses, I had soaked the stock in acetone two times for a period of 8 hours each time. It appears that the oil has been removed, but the darker wood color seems to be permanent. Laying the stock out in the sun doesn't precipitate any oils to come to the surface, so I feel confident its pretty well removed.
My plans are to move forward with prep work and apply a tung oil finish. I believe with the contrasting grains, it will be gorgeous, even if it's fairly dark. I can live with that.
Thanks to all of you for offering up your experiences!