Devon Energy Corporation

DVN: Is Devon Energy Corporation Halal?

Devon Energy Corporation

NYSEEnergyUS

$49.03

+0.49%

Market Cap: 53.9B

Compliance Status

Halal

Screened on Aug 29, 2026 · AAOIFI Standard 21

B+

Good

79Score

Is Devon Energy Corporation (DVN) halal? Halal. Based on AAOIFI screening, Devon Energy Corporation passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 79/100 (Grade: B+).

Quote this verdict

HalalScreener rates Devon Energy Corporation (DVN) Halal, 79/100, grade B+ under AAOIFI Standard 21, screened Aug 29, 2026. Source: https://halalscreener.app/en/stock/DVN

Business activity

What the company sells is permissible.

Passed

Company debt

Within the limit

How much the company borrows, compared to its total value. AAOIFI allows up to 30%.

21.9% of 30.0% limit

What this means for you

You can own DVN

It passes both the business activity and financial ratio screens under AAOIFI Standard 21.

Purification amount is Pro

We have screened DVN's prohibited income, but the exact share you would need to purify is part of Pro.

About Devon Energy Corporation

As an independent energy producer, Devon Energy Corporation primarily focuses on the exploration, development, and extraction of oil, natural gas, and natural gas liquids within the United States. The company manages roughly 5,134 gross wells. Established in 1971, its corporate headquarters are located in Oklahoma City, Oklahoma.

Sector: Energy · Industry: Oil & Gas Exploration & Production

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 29, 2026

Compliance History

  1. Halalnow

    since Aug 2026

  2. Doubtful

    until the change above

  3. Not Halal

    until the change above

  4. Doubtful

    until the change above

  5. Not Halal

    until the change above

Tracked since Jun 2026. Updates automatically on each re-screen.

Fiscal: Q2 2026Data source: EDGAR
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Frequently Asked Questions

Is Devon Energy Corporation (DVN) halal to invest in?
Based on AAOIFI Standard 21 screening, Devon Energy Corporation (DVN) is rated Halal with a compliance grade of B+ (Good). It passes both the business activity screen (no primary involvement in prohibited sectors) and the quantitative financial ratio screen (debt, interest deposits, and prohibited income all below AAOIFI thresholds).
Why did Devon Energy Corporation get a B+ compliance rating?
Devon Energy Corporation (DVN) received a grade of B+ (Good) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 21.9% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Devon Energy Corporation's Shariah verdict?
Devon Energy Corporation's verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.
How often is Devon Energy Corporation re-screened for Shariah compliance?
Devon Energy Corporation (DVN) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Aug 29, 2026.

Screened according to AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.