Jim Cramer on Chevron: "I Would Stick With It"

Chevron Corporation (NYSE:CVX) is one of the stocks Jim Cramer was asked about. Noting that XOM stock has performed better than CVX, a caller asked if Cramer thinks the company can produce similar results. In response, he said:

“I think that Mike Wirth is going to be able to do it. He’s got, look, he could get Venezuela if that government, if someone gives that guy $100 million… I’m a believer in Mike Wirth. I think he’s the real deal, and I think that that’s a good stock with 4.6% yield and a gigantic buyback, and I would stick with it.”

Chevron Corporation (NYSE:CVX) is an integrated energy company that explores, produces, refines, and markets oil, natural gas, and petrochemical products. During the December 10 episode, a caller asked Cramer about the stock and what he thought of the company CEO. The Mad Money host responded:

“I spoke to Mike today about the fire. I’m not really worried about that at all. I think you can own this, 4.5% yield. Now, I’m not a big fan of oil. I think it could go below $60. So be ready if it does do that. Remember, this stock had been at one point just not that long ago down to $135. And so it’s at $153. I think you buy some and then you wait to see if it breaks down because of that $60 possible breakdown.”

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.

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