Kosmos Energy (KOS) Soared by Over 28% This Week. Here is Why

Sultan Khalid

Tue, February 24, 2026 at 12:50 AM GMT+9 2 min read

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KOS

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The share price of Kosmos Energy Ltd. (NYSE:KOS) surged by 28.57% between February 13 and February 20, 2026, putting it among the Energy Stocks that Gained the Most This Week.

Kosmos Energy (KOS) Soared by Over 28% This Week. Here is Why

Kosmos Energy Ltd. (NYSE:KOS) is a leading deepwater exploration and production company focused on meeting the world’s growing demand for energy.

In late December 2025, Kosmos Energy Ltd. (NYSE:KOS) received approval from the Ghanaian government to extend the licenses for its West Cape Three Points and Deep Water Tano Petroleum Agreements. The agreements had been submitted to the parliament for formal ratification. The company revealed on February 20 that the Ghanaian parliament has now formally ratified the aforementioned license extensions through 2040, extending the life of Kosmos’ core Ghana assets and reducing uncertainty about long-term development plans.

As part of the extensions, the amended Jubilee plan of development allows for up to 20 additional wells in the field, with Kosmos now expecting to realize an increase in Jubilee 2P reserves.

Andrew G. Inglis, Chairman and CEO of Kosmos Energy Ltd. (NYSE:KOS), stated:

“Parliamentary ratification of the license extensions in Ghana marks an important milestone for the country, and Kosmos is proud to have led the work with the Government of Ghana to execute these agreements. Jubilee is a world‑class oil field with significant remaining potential that can be unlocked through continued investment, regular drilling and high facility reliability, supported by the latest seismic acquisition and processing technologies.

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READ NEXT: 12 Best Crude Oil Stocks to Buy as Tensions Rise and 10 Best American Oil and Gas Stocks to Buy.

Disclosure: None.

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