Jim Cramer on Chevron: "I Would Hold on to That"

Chevron Corporation (NYSE:CVX) is one of the stocks that was on Jim Cramer’s radar recently. A caller asked if they should take profits or wait for the stock to go up more. Cramer replied:

I think it can go up a lot. I think that Chevron has the 3.85 yield. They’ve always been a big believer in that, in making that dividend big. Mike Wirth’s doing really well. I would hold on to that.

Chevron Corporation (NYSE:CVX) is an integrated energy company that explores, produces, refines, and markets oil, natural gas, and petrochemical products. Cramer mentioned the stock as he presented his game plan during the January 23 episode and said:

We also have two oils: Chevron and Exxon. Both throw off a lot of cash. I like Chevron, with its big buyback and its 4% yield. It’s been my favorite for a very long time because it’s so darn consistent. And now you have a possible Venezuela kicker as they’re doing business there right now, all through this regime, and they know what needs to be done.

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