Stockchase Opinions

Jim Cramer - Mad MoneyChevron TexacoCVXBUYJan 23, 2026

It reports Friday. It pays a 4% dividend yield and buys back a lot of shares. Likes it because it is so consistent. It could benefit from Venezuela where they are doing business.

$166.72

Stock price when the opinion was issued

integrated oils
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PARTIAL SELL

They beat on nearly metric recently. Trades at 11x EBITDA. She may trim. Free cash flow is double-digits, enormous, and they just raised the dividend.

BUY

Has more room to run. Pays a 3.8% dividend yield.

SELL

Wouldn't own now. Had a good rally, and has been outperforming off the Venezuela noise. They patronize Trump the most, and so they got preferential status, while Exxon calls the country "uninvestable". Has modest operations in Venezuela of 2% of its volumes and cashflow.

Huge rally on Trump guaranteeing security, which he's backpedaled on. Too much euphoria in the hype. Trades at a premium. He'd invest in CVE instead.

DON'T BUY

Oil stocks rallied hard today on news that Columbian president Maduro has been captured, but stocks like this opened too high. So, you must expect losses. The oil story where US oil stocks will benefit from Venezuela's reserves will take YEARS to play out, not days. Nobody will buy these stocks as soon as tomorrow. Also, the oil price has been going down.

PARTIAL BUY

Not a fan of oil, but pays a 4.5% dividend. Buy partially and more if oil falls below $60 a barrel.

HOLD

Doesn't believe in the energy stocks; they lack growth. He just sold his last energy stock.

PAST TOP PICK
(A Top Pick Aug 19/24, Up 12%)

She sold late last year for profits but she still likes it for its profitability. There will be some volatility with the energy cycles. Trades at 11 times 2026 free cash flow and pays a dividend of 4%. She sees only 7% upside but has it on her watch list and could trade it.

BUY

It reports Friday. It fresh off its legal victory over Exxon concerning Hess, so he expects Chevron to raise its numbers. Also, Trump has allowed CVS to resume pumping oil in Venezuela.

DON'T BUY

He stays home for oil and gas stocks, especially because years of underappreciating Canada has led to lower valuations. For dividends coming from the O&G patch, especially in Canada where they're tax-effective, there's no better place to be. With this name, you're buying the oil price, but he believes more in the gas price.

DON'T BUY

Has both upstream and downstream. So you could do quite well on the oil price, but then lose $$ on the refining side. Refining is a tough industry, pretty cyclical. Well run, but instead look to OXY, XOM, or CNQ.

WATCH

She is following it. Has a good dividend of 4.6 to 4.7. It is very volatile but is one of the best positioned with a strong balance sheet. She sees upside and free cash flow of 9%. It is one of the fastest growing in the offshore basin. There is an oil overhang due to softer prices but you could set up for a compelling entry price point.

BUY ON WEAKNESS

He expects to fall into the $50s, as part of Trump's plan, but CVS yields 5%. Buy at $136

BUY

Pays a 4.8% dividend and return a lot of money to shareholders.

DON'T BUY

They report Friday. He doubts they will report anything positive because of the low price of oil.