Warren Buffett and Jim Cramer Love These 5 Stocks

In this article, we will take a look at the 5 stocks that Warren Buffett and Jim Cramer love. To see more such companies, go directly to Warren Buffett and Jim Cramer Love These Stocks.

5. Chevron Corporation (NYSE:CVX)

Warren Buffett’s Stake Value: $18,590,066,491

During the start of 2023, Cramer rightfully pointed out that oil stocks this year won’t perform as good as they did last year. However, he said that Chevron Corporation (NYSE:CVX) was a smart stock pick to invest in the oil industry. He said that if oil stays above $60 per barrel, it would make sense to invest in the industry albeit selectively since Cramer said the Fed’s persistent rate hikes could slow the economy down, affecting oil stocks.

Warren Buffett’s Berkshire owns a gigantic $18.6 billion stake in Chevron Corporation (NYSE:CVX) as of the end of the third quarter of 2023.

Chevron Corporation (NYSE:CVX) in October posted third quarter results. Adjusted EPS in the quarter came in at of $3.05 missing estimates by $0.64. Revenue fell 18.8% year over year to $54.08 billion, beating estimates by $1.08 billion.

Carillon Eagle Growth & Income Fund made the following comment about Chevron Corporation (NYSE:CVX) in its Q2 2023 investor letter:

“Chevron Corporation (NYSE:CVX) stock also traded lower as global oil prices declined in response to fears of an economic slowdown. Energy stocks were the second-worst-performing sector in the quarter.”