Which oil and gas stocks are halal? Of the 7 names on this list, 7 pass AAOIFI screening today, 0 are doubtful and 0 are not halal. The halal names right now include Exxon Mobil Corporation (XOM), Chevron Corporation (CVX), ConocoPhillips (COP) and 4 more.
Halal Oil and Gas Stocks
7 names, live verdicts, AAOIFI Standard 21
Extracting and selling oil is permissible under AAOIFI. What trips energy names is balance-sheet debt during the spending cycle, and because market cap is the denominator, verdicts here move with the oil price as much as with the debt itself. A producer can pass at one price and fail at another with the same balance sheet.
7
Halal
0
Doubtful
0
Not Halal
Halal (7)
Exxon Mobil Corporation
$160.98
-1.03%
Chevron Corporation
$206.15
-0.24%
ConocoPhillips
$132.49
+0.94%
Occidental Petroleum Corporation
$60.18
-0.52%
EOG Resources, Inc.
$148.35
+0.85%
Slb N.V.
$60.10
-1.96%
Halliburton Company
$36.80
+4.81%
How this list is screened
Every name is checked the same way: first the business itself (no core revenue from interest-based finance, alcohol, gambling, pork, adult content or tobacco), then three ratios against market cap and revenue: interest-bearing debt under 30%, interest-bearing deposits under 30%, and prohibited income under 5%. A name that passes the business test but sits close to a ratio limit is marked Doubtful. Verdicts are re-screened on a schedule and after earnings, which is why a list like this changes.
HalalScreener screens; it does not certify. A verdict is an application of AAOIFI Standard 21 to public financial data, not a fatwa. Ask a qualified scholar for a personal ruling.
Purification calculator
Work out what to give away from dividends on the halal names above.