Here is Why Hess Corporation (HES) Gained This Week

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.

Here is Why Hess Corporation (HES) Gained 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.

While we acknowledge the potential of HES to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than HES and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.