I Always Recommend Chevron (CVX) To Anyone Who Wants An Oil Company, Says JIm Cramer
Group 1 - Jim Cramer has reduced the frequency of mentioning Chevron Corporation (NYSE:CVX) but maintains confidence in CEO Mike Wirth [2] - Chevron announced a reduction in planned annual capital expenditure to a range of $18 billion to $21 billion from the previous $19 billion to $22 billion, targeting 10% annual cash flow growth through 2030 [2] - Cramer highlighted Chevron's exposure to hyperscalers through its natural gas business, indicating a belief in the company's conservative approach under CEO Mike Wirth [2] Group 2 - While Chevron is acknowledged as a potential investment, there is a belief that certain AI stocks may offer higher returns with limited downside risk [3]