Here is Why Amplify Energy (AMPY) Soared This Week

The share price of Amplify Energy Corp. (NYSE:AMPY) surged by 21.67% between July 15 and July 22, 2025, putting it among the Energy Stocks that Gained the Most This Week.

Here is Why Amplify Energy (AMPY) Soared This Week

An oil rig in the midst of extracting oil and natural gas from the earth, illuminated by the setting sun.

Amplify Energy Corp. (NYSE:AMPY) is an independent oil and natural gas company engaged in the acquisition, development, exploitation and production of oil and natural gas properties.

Amplify Energy Corp. (NYSE:AMPY) shot up this week after the company announced significant changes to its executive leadership team. According to the announcement, Martyn Willsher has stepped down as President and CEO, transitioning to a Special Advisor role, while Dan Furbee was appointed as the new CEO and Jim Frew as President and CFO.

Moreover, Amplify Energy Corp. (NYSE:AMPY) revealed that it has hired TenOaks Energy Advisors to explore market interest for the complete divestiture of its assets in East Texas and Oklahoma, in order to become more oil-weighted, reduce debt, lower operating costs, and streamline its organization.

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Disclosure: None.