Jim Cramer Continues To Link Chevron (CVX) Stock With Iran Conflict

Published on April 4, 2026 at 2:27 pm by Ramish Cheema in News

Chevron Corporation (NYSE:CVX) is one of the 10 Stocks Jim Cramer Talked About & Warned About A Weak Market.

Chevron Corporation (NYSE:CVX) is one of the largest oil companies in the world. Its shares are up by 27.6% year-to-date. Cramer has discussed the stock several times over the past month or so, particularly after the conflict in Iran. The CNBC TV host has repeatedly called Chevron Corporation (NYSE:CVX) and other oil stocks as a proxy for the Iran operations. He believes that the rising share price indicates that investors believe the conflict will continue and vice versa. Throughout 2025, Cramer was quite optimistic about Chevron Corporation (NYSE:CVX) and went as far as to call the firm one of his favorites in the oil sector. Bernstein discussed the firm on March 22nd as it raised the share price target to $216 from $194 and kept a Market Outperform rating. The ongoing turmoil in the oil sector was at the heart of the coverage as Bernstein pointed out that it had increased the share price target to reflect updated models. Here is what Cramer said during the program about Chevron Corporation (NYSE:CVX):

“The market is speaking very loudly which is that, the market is saying, the President is going to end the war and we don’t want to be on the wrong side and be long a lot of Chevron. Which was at 213 when this started.

“Mike Wirth, is the largest in the Permian. He’s done so, the stock’s getting killed again, my signal that the war might be over. . .”

On March 31st, the CNBC TV host had expressed similar thoughts in a tweet:

“The stock of Chevron which has led the futures the whole way saw a reversal today that would indicate a momentary top out in oil.. just saying, the stock’s been ahead and it’s been right”