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Russian (RU) Sultan Khalid
Mon, Jul 14, 2025, 5:39 AM 1 min read
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The share price of Hess Corporation (NYSE:HES) surged by 6.91% between July 7 and July 11, 2025, putting it among the Energy Stocks that Gained the Most This Week.
An oil tanker sailing across the horizon, conveying the importance of crude oil transportation for the company.
Hess Corporation (NYSE:HES) is a leader in deepwater development and production, with top-quartile performance in offshore drilling and project delivery.
Hess Corporation (NYSE:HES) received a boost this week after the analysts at Scotiabank adjusted the stock’s price target from $146.58 to $155, while maintaining a ‘Sector Perform’ rating on its shares. The adjustment comes as Scotiabank is updating its price targets of the U.S. Integrated Oil, Refining, and Large Cap E&P stocks under its coverage.
Moreover, it was also reported this week that Chevron is preparing to close its $53 billion acquisition of Hess Corporation (NYSE:HES), even as the two still await the decision of the arbitration court on the dispute filed by Exxon and China’s CNOOC – Hess’ partners in Guyana.
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Disclosure: None.
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