As inflationary pressures pinch household budgets in the U.S. and other nations, oil companies including Chevron Corporation (NYSE: CVX) are likely to benefit from higher cash generation. In the recent ministerial meeting, OPEC and allied nations announced the retention of their earlier directed crude oil production plans despite the sharp surge in benchmark prices. As the oil & gas production business is expected to remain the primary earnings contributor, the stock is a gamble for investors betting on high benchmark prices in the coming years.