Jim Cramer Discussed These 29 Stocks Ahead Of Major AI Event

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14. Chevron Corporation (NYSE:CVX)

Number of Hedge Fund Holders In Q3 2024: 63

Chevron Corporation (NYSE:CVX) is a diversified oil company with a presence from the oil field to the pump. The firm is currently struggling to complete its $53 billion buyout of Hess Corp. which would enable it to expand production in the US and increase its presence in Guyana. However, Chevron Corporation (NYSE:CVX)’s oil rival Exxon and Hess are currently engaged in arbitration over Hess’ Guyana operations. Cramer commented on the firm’s stock struggling despite returning capital:

“Chevron being a classic example of a company that’s been returning a lot of capital and it’s just been a dog. Which is amazing cause Mike Wirth is a fantastic CEO.”

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