Jim Cramer Highlights Chevron as One of the “Laggards” Linked to the Price of Crude

Core Viewpoint - Chevron Corporation (NYSE:CVX) is facing challenges due to industry conditions, particularly linked to crude oil prices, which makes it difficult for the stock to gain traction [1] Group 1: Stock Performance and Analyst Opinions - Jim Cramer expressed pessimism about Chevron and Exxon, labeling them as "laggards" tied to crude oil prices [1] - Cramer mentioned that Chevron's stock had previously dropped to $135 and is currently at $153, suggesting a potential buying opportunity while being cautious of a possible decline below $60 [1] - Goldman and UBS have raised their price targets for Chevron, indicating a more optimistic outlook on the company's free cash flow following the acquisition of Hess [1] Group 2: Company Overview - Chevron is an integrated energy company involved in the exploration, production, refining, and marketing of oil, natural gas, and petrochemical products [1] - The company offers a dividend yield of 4.5%, which may attract income-focused investors despite the overall bearish sentiment on oil prices [1]