Chevron (CVX)'s the Only Company I Would Buy Here, Says Jim Cramer

We recently published 10 Stocks Jim Cramer Talked About.  Chevron Corporation (NYSE:CVX) is one of the stocks Jim Cramer talked about.

Chevron Corporation (NYSE:CVX) is one of the largest oil companies in the world. Its shares are up by a modest 16.8% over the past year and by a stronger 18% year-to-date. Some of the gains in the stock have been due to US actions in Venezuela, which led Cramer to advise caution and recommend oil and gas drilling equipment providers instead. Melius Research discussed Chevron Corporation (NYSE:CVX) on February 17th as it raised the share price target to $205 and upgraded the stock to Buy. Chevron Corporation (NYSE:CVX)’s exploration and production expansion played a role in the upgrade as Melius pointed out that the firm had increased its acreage by more than 50% and was interested in new opportunities in Iraq and Libya. Cramer has long praised Chevron Corporation (NYSE:CVX)’s stock and maintained that he prefers it over Exxon. The CNBC TV host reiterated the opinion in this appearance as well:

“It is such a good company to begin with. It’s the only company I would buy here.”

While we acknowledge the potential of CVX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, 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.