Jim Cramer Says He Expects “Chevron to Raise Numbers”

Chevron Corporation (NYSE:CVX) is one of the stocks in Jim Cramer’s game plan this week. Cramer discussed the company in light of its legal battle with Exxon, and commented:

“Alright then, to wrap things up, we have Exxon and Chevron reporting. With Chevron coming right off its legal victory against Exxon, I regard it as a victory, a victory that let them buy Hess, I expect Chevron to raise numbers, especially now that the president’s allowed it to restart pumping in Venezuela.”

Photo by Luis Ramirez on Unsplash

Chevron (NYSE:CVX) is an integrated energy company involved in the exploration, production, transportation, refining, and marketing of oil, natural gas, and petrochemicals. The company is also involved in renewable fuels, carbon capture, and the manufacturing of industrial additives and plastics. On July 8, a caller asked about the company, and noted its rising dividends and progress toward finalizing the Hess acquisition. Cramer responded:

“You were totally right. I’ve gotta tell you, they get that Hess deal closed, and you must own the stock. You know, Jeff and I have been talking… Jeff Marks, trying to figure out the energy sector. I think you’re onto something. Chevron will be a winner. Mike is a winner. I like your call…”

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Disclosure: None. This article is originally published at Insider Monkey.