In this article, we are going to discuss the energy stocks that are gaining the most this week.
Despite the tough market conditions and crude oil prices plunging to a multi-year low, a number of major oil and gas players have reported better-than-expected results over the last week. Shareholder returns also remained strong, with several oil supermajors sticking to their commitments to return billions of dollars in dividends and share repurchases, despite declining profits amid a bleak outlook for oil.
The refining business is also proving more resilient than expected, with US Gulf Coast refiners processing Mars crude enjoying a doubling of margins YoY to some $16 per barrel. Despite a widely projected slowdown in demand, US refineries are currently operating at elevated levels, processing over 16 million bpd last week, 123,000 bpd higher than last year. However, it remains to be seen how long these levels can be maintained.
Another positive news came in the form of strong financial results and forward-looking capital spending guidance from tech giants and AI pioneers, reassuring investors on the sustainability of AI spending and the consequent rise in energy demand. Mark Zuckerberg’s technology firm even raised its capex guidance range from $60 billion to $65 billion to a new range of $64 billion to $72 billion, with CFO Susan Li stating in the company’s Q1 earnings call:
“…even with the capacity that we’re bringing online in 2025, we are having a hard time meeting the demand that teams have for compute resources across the company. So we are going to continually invest meaningfully here across our infrastructure footprint..”
Our Methodology
To collect data for this article, we have referred to several stock screeners to find energy stocks that have surged the most between May 1 and May 8, 2025. The following are the Energy Stocks that Gained the Most This Week. The stocks are ranked according to their share price surge during this period.
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10. Talos Energy Inc. (NYSE:TALO)
Share Price Gains Between May 1 – May 8: 12.34%
Talos Energy Inc. (NYSE:TALO) is a leading energy company focused on offshore oil and gas exploration and production in the United States Gulf Coast, the Gulf of America, and offshore Mexico.
The stock of Talos Energy Inc. (NYSE:TALO) received a boost after the company posted a surprise adjusted net profit for its Q1 2025 this week. The energy firm posted an adjusted EPS of $0.06, beating expectations by a significant $0.16. TALO’s revenue also grew by 19.33% YoY to just over $513 million, topping estimates by $14.77 million. Moreover, this was the fifth consecutive quarter of record production for the company, which achieved approximately 101 MBoe/d in the first quarter of 2025.
9. California Resources Corporation (NYSE:CRC)
Share Price Gains Between May 1 – May 8: 14.97%
California Resources Corporation (NYSE:CRC) operates as an independent energy and carbon management company in the United States.
California Resources Corporation (NYSE:CRC) posted strong results for its Q1 2025 this week, reporting an adjusted EPS of $1.07 and beating estimates by $0.3. The company’s net income increased significantly from $33 million in Q4 2025 to $115 million in the first quarter of this year. Moreover, its revenue of $912 million was double what it was last year and topped forecasts by over $50 million. CRC also returned $258 million to shareholders during the quarter and announced a quarterly dividend of $0.3875 per share for the second quarter. The launch of California’s first Carbon Capture and Storage project is also a significant strategic move for the company.
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