Block to replace Hess Corp. in S&P 500 at open on 7/23
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 19 2025
0mins
S&P 500 Changes: Block (XYZ) will replace Hess Corp. (HES) in the S&P 500 effective July 23, following Chevron's acquisition of Hess Corp. that closed on July 18.
Impact of Acquisition: The transition reflects the ongoing consolidation in the energy sector, with Chevron expanding its portfolio through this acquisition.
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Analyst Views on XYZ
Wall Street analysts forecast XYZ stock price to rise
30 Analyst Rating
25 Buy
3 Hold
2 Sell
Strong Buy
Current: 62.900
Low
55.00
Averages
86.51
High
108.00
Current: 62.900
Low
55.00
Averages
86.51
High
108.00
About XYZ
Block, Inc. builds technology to increase access to the global economy. The Company operates through two segments: Square and Cash App. The Square includes managed payment services, software solutions, hardware, and financial services offered to sellers, excluding those that involve Cash App. The Cash App segment includes the financial tools available to individuals within the mobile Cash App, including peer-to-peer payments, bitcoin and stock investments. The Cash App also includes Cash App Card, which is linked to customer stored balances that customers can use to pay for purchases or withdraw funds from an ATM. Cash App also includes the BNPL platform. Its Afterpay business is transforming the way customers manage their spending over time. Its TIDAL business is a music platform that empowers artists to thrive as entrepreneurs. Its Bitkey business is a simple self-custody wallet built for bitcoin. Proto business is a suite of bitcoin mining products and services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Industry Implications: The layoffs may signal broader trends in the industry, reflecting economic uncertainties.
See More
