Jim Cramer Says "Chevron Will be a Winner"

Chevron Corporation (NYSE:CVX) is one of the stocks that Jim Cramer shed light on. A caller inquired about the company and highlighted its increasing dividends and its preparation to close its acquisition of Hess. Cramer replied:

“You were totally right. I’ve gotta tell you, they get that Hess deal closed, and you must own the stock. You know, Jeff and I have been talking… Jeff Marks, trying to figure out the energy sector. I think you’re onto something. Chevron will be a winner. Mike is a winner. I like your call…”

Chevron Corporation (NYSE:CVX) explores, produces, and transports oil and natural gas, and is involved in liquefied natural gas and carbon capture efforts. The company also refines crude oil into fuels and chemicals, sells these products globally, and develops renewable energy solutions. In a June episode, when asked about the company, Cramer replied:

“Okay, I’ll tell you how I feel about the oil business. I don’t like it, but I do like the dividends. Because of the dividends, I’m willing to bless them. But if they didn’t have good dividends, believe me, I wouldn’t go near the group because I think that the group is just not in good shape.”

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Disclosure: None. This article is originally published at Insider Monkey.