Squawk on the Street CNBC Investing Club: Cramer’s Morning Take on Chevron 4/8/26
Apr 8, 2026
A lively take on the energy sector with a strong case for staying long on Chevron. Discussion about whether to hold or trim oil and industrial positions amid market rallies. Conversation about risk from a possible ceasefire and how that might affect energy names. Quick bits on portfolio moves and member-only market commentary.
AI Snips
Chapters
Transcript
Episode notes
Stay Long Chevron As The Energy Pick
- Do stay long Chevron as a preferred energy pick.
- Jim Cramer cites Chevron's steady growth and contrasts it with Exxon's supply cuts and ConocoPhillips' natural gas tilt.
Exxon's Supply Hit And ConocoPhillips Gas Mismatch
- Exxon faces a concrete supply hit while ConocoPhillips is more exposed to natural gas.
- Cramer notes Exxon lost about 6% of supply and that ConocoPhillips' stock trades like oil despite being gas-heavy.
Trim Winners Even When Thesis Is Intact
- Consider trimming some industrial winners even if the thesis is intact.
- Cramer suggests selling some Eaton or other names when they run despite liking their long-term cases.