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Chevron Corporation (NYSE:CVX) is one of the 11 stocks that Jim Cramer recently commented on. In response to a caller’s inquiry about the company, Cramer commented:
“Okay, I’ll tell you how I feel about the oil business. I don’t like it, but I do like the dividends. Because of the dividends, I’m willing to bless them. But if they didn’t have good dividends, believe me, I wouldn’t go near the group because I think that the group is just not in good shape.”
An aerial view of an oil rig at sea, the sun glinting off its structure.
Chevron (NYSE:CVX) is involved in integrated energy and chemical operations, including the exploration, production, processing, and transportation of oil and gas, the development of liquefied natural gas, carbon capture initiatives, refining, and the manufacturing and marketing of fuels, petrochemicals, and related products.
The company returned $6.9 billion in cash to shareholders during the first quarter, including $3.0 billion paid in dividends. Chevron (NYSE:CVX) declared a quarterly dividend of $1.71 per share, which was distributed on June 10. The stock has a yield of 4.76%. Additionally, on May 28, Cramer stated:
“Okay, I think that you have to have a view on oil when you think about this one…. And I think that first, I think oil’s going lower. I think it goes to the 50s. I think it’s part of the president’s plan to be able to reduce the inflation rate. However, it does yield 5%. I don’t want to reach for yield. I never want to just say, you know what, I’ll take the 5% and not worry about the common stock. You are going to wait till this stock at 136 goes to 130 before you pull the trigger and not until then.”
While we acknowledge the potential of CVX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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Disclosure: None.