Jim Cramer on Chevron: "I Am With It"

Chevron Corporation (NYSE:CVX) is one of the stocks on Jim Cramer’s radar. A caller asked if the stock is a buy, sell, or hold, and Cramer replied:

“I read that, I read that upgrade today, Chevron is win, Chevron is win. Why do we say this? Not just because Mike Wirth, he has put together, between Hess and Venezuela, an unbelievable combination. I like the new rating up today… we saw a recommendation. I am with it. I’m with Mike.”

Chevron (NYSE:CVX) engages in oil and gas exploration, production, refining, and transportation, while also producing petrochemicals, lubricants, and renewable fuels. During a July episode, a caller asked Cramer about the stock in light of its increasing dividends and the Hess acquisition. He 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…”

While we acknowledge the potential of CVX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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