Jim Cramer - Mad Money
Chevron Texaco
CVX-N
BUY ON WEAKNESS
Aug 05, 2024
Recently reported and the market didn't like it in a mixed quarter. Current weak oil prices don't help either. Trades under 12x PE, but pays a 4.5%. dividend. Are trying to buy Hess-not sure how this will turn out.
A dividend play for 2025 at 4.54%. Not sexy, but consistently generates earnings, free cash flow, and each year grows its dividend. Offers growth wealth generation over time.
It reports Friday. He won't buy any oils, because these companies could cave to Trump's demands of drilling like mad. He thinks they will stay disciplined.
Recently reported and the market didn't like it in a mixed quarter. Current weak oil prices don't help either. Trades under 12x PE, but pays a 4.5%. dividend. Are trying to buy Hess-not sure how this will turn out.