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Jim Cramer says it’s time to buy Chevron as the energy giant signs a 20‑year Microsoft deal, sparking market buzz and potential upside for traders.
Jim Cramer told viewers on CNBC’s “Squawk on the Street” that he is ready to “pull the trigger” on Chevron (CVX) after the company announced a 20‑year power‑supply agreement with Microsoft for its West Texas data center project【3】. The comment comes as the stock has been closely watched for any catalyst that could lift it amid a broader energy‑sector rally.
| At a glance | |
|---|---|
| Catalyst | 20‑year Microsoft power‑supply deal |
| Comment | Jim Cramer urges buying CVX |
| Market context | Energy stocks gaining on falling oil prices |
| Analyst view | Cramer’s bullish stance contrasts with mixed sector sentiment |
The Microsoft agreement, disclosed during a CNBC broadcast, ties Chevron’s energy output to the tech giant’s massive data‑center expansion in West Texas. Such long‑term contracts are rare in the oil‑and‑gas sector and can provide a stable revenue stream, which Cramer highlighted as a reason to consider a new position in CVX【3】. His remarks were made alongside broader market coverage that noted a recent dip in oil prices, which has generally supported energy‑sector equities【3】.
While Cramer’s endorsement adds a high‑profile voice to Chevron’s narrative, the stock’s price movement on the day of the announcement was modest, reflecting a market that is already pricing in the deal’s potential benefits. The broader energy index has been buoyed by the same oil‑price decline, suggesting that any upside for CVX will need to be measured against sector‑wide dynamics rather than isolated news alone【3】.
Cramer’s call underscores how a single corporate partnership can shift investor sentiment, but the ultimate impact on Chevron’s valuation will depend on how the deal translates into earnings and how broader energy market forces evolve.
Coverage is mostly measured — 52 of 63 reports stay neutral.
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 3 outlets · Jun 23, 2026 · How we report
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