Cramer called CVX a steal above $200 after Chevron's downstream earnings surged from $737 million to $4.87 billion year over year.
Chevron's P/E of 34 runs richer than Exxon's 23, while ConocoPhillips offers more crude upside, up 49% year to date.
A 20-year Microsoft power deal and Hess synergies running 50% above target give Chevron cash flows insulated from crude swings.
Just released. Our ***** ysts combed the entire stock market and named the ten best stocks to buy right now. The report is free. Enter your email and see if any of your stocks made the cut.
Jim Cramer opened Squawk on the Street on the first trading day of September with a market backdrop he described in blunt terms. Two ships had been fired on in the Strait of Hormuz, Treasury yields were pushing higher across the curve, and diesel prices were climbing amid a supply picture already strained by Ukrainian strikes on Russian refining capacity and U.S. refiners operating near full utilization. Cramer called the combination "unholy" and said the AI trade had gone nowhere for about a year. Then he offered a single actionable idea.
#above
Chevron's P/E of 34 runs richer than Exxon's 23, while ConocoPhillips offers more crude upside, up 49% year to date.
A 20-year Microsoft power deal and Hess synergies running 50% above target give Chevron cash flows insulated from crude swings.
Just released. Our ***** ysts combed the entire stock market and named the ten best stocks to buy right now. The report is free. Enter your email and see if any of your stocks made the cut.
Jim Cramer opened Squawk on the Street on the first trading day of September with a market backdrop he described in blunt terms. Two ships had been fired on in the Strait of Hormuz, Treasury yields were pushing higher across the curve, and diesel prices were climbing amid a supply picture already strained by Ukrainian strikes on Russian refining capacity and U.S. refiners operating near full utilization. Cramer called the combination "unholy" and said the AI trade had gone nowhere for about a year. Then he offered a single actionable idea.
#above
7 days ago
