I Always Recommend Chevron (CVX) To Anyone Who Wants An Oil Company, Says JIm Cramer

We recently published 11 Stocks Jim Cramer Talked About. Chevron Corporation (NYSE:CVX) is one of the stocks Jim Cramer recently discussed.

While the frequency of Cramer mentioning Chevron Corporation (NYSE:CVX) in his morning appearances has dropped, his faith in the firm’s CEO, Mike Wirth, hasn’t. During this show, the TV host commented on the oil and gas giant after Chevron Corporation (NYSE:CVX) announced that it would reduce its planned annual capital expenditure to range between $18 billion and $21 billion from an earlier $19 billion to $22 billion and targeted 10% annual cash flow growth through 2030. Cramer commented on the firm’s exposure to hyperscalers through its natural gas business:

“Right, he’s [the CEO] a big cash flow guy. I do think that you want to buy GE Vernova if you believe him when he’s saying that listen we’re gonna have the natural gas go to the hyperscalers. This is something I asked Tom Jordon on Coterra, he said this would happen. I thought Coterra would be the one who did it, but it turns out to be Chevron. . . I do think that Mike Wirth is very conservative.

“Mike good, anyone who wants an oil company, I almost always say his company.”

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