Jim Cramer Continues to Use Chevron (CVX) as a Barometer

Published on May 4, 2026 at 12:17 pm by Ramish Cheema in News

We recently published Jim Cramer Commented On Big Market Confusion & Discussed These 20 Stocks. Chevron Corporation (NYSE:CVX) is one of the stocks discussed by Jim Cramer.

Oil giant Chevron Corporation (NYSE:CVX)’s shares are up by 37% over the past year and by 22% year-to-date. Scotiabank discussed the firm on April 22nd, as it raised the share price target to $187 from $168 and kept a Sector Perform rating on the stock. Its coverage came as part of a broader adjustment for the energy sector in the wake of the conflict in Iran. Within the sector, Scotiabank commented that while it was optimistic about exploration and production firms, it was less sure about independent producers. Cramer has also discussed Chevron Corporation (NYSE:CVX) several times over the past couple of months. Before the conflict in Iran kicked off, the CNBC TV host was highly confident in CEO Mike Wirth and the firm’s exploration operations. Following the conflict, he repeatedly linked Chevron Corporation (NYSE:CVX)’s stock to investor sentiment about the war’s duration. In this appearance, Cramer maintained that watching stocks, instead of oil prices, was the key to investing:

“Now Chevron, this is why I thought that I didn’t understand that the price of crude was up so much. Chevron’s stock signalled the war when it went to 214, it’s now down to 191. Pay attention to the stocks, not the price of crude which is not the dispositive. And Chevron’s stock has been dispositive about what’s been dispositive about what’s been happening with the war.”