Helmerich & Payne, Inc.

HP: Is Helmerich & Payne, Inc. Halal?

Helmerich & Payne, Inc.

NYSEEnergyUS

$33.33

+1.77%

Market Cap: 3.3B

Compliance Status

Not Halal

Screened on Jul 18, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

Is Helmerich & Payne, Inc. (HP) halal? Not Halal. Based on AAOIFI screening, Helmerich & Payne, Inc. passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

Business activity

What the company sells is permissible.

Passed

Company debt

Over the limit

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

62.0% of 30.0% limit

What this means for you

Most scholars advise not holding HP

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Helmerich & Payne, Inc.

Helmerich & Payne, Inc., along with its affiliated companies, provides specialized drilling services and innovative solutions to businesses involved in the exploration and production of oil and gas. The company's operations are strategically organized into three distinct divisions: North America Solutions, Offshore Gulf of Mexico, and International Solutions. Within the North America Solutions segment, primary drilling activities are conducted across a broad geographical area, encompassing U.S. states such as Colorado, Louisiana, Montana, Nevada, New Mexico, North Dakota, Ohio, Oklahoma, Pennsylvania, Texas, Utah, West Virginia, and Wyoming. This division also actively pursues the development, promotion, and commercialization of advanced technologies designed to enhance drilling efficiency, wellbore quality, and accurate placement. The Offshore Gulf of Mexico segment focuses its drilling endeavors in Louisiana and within the federal waters of the U.S. Gulf of Mexico. Internationally, the Solutions segment manages drilling projects in various countries, including Argentina, Bahrain, Colombia, and the United Arab Emirates. As of September 30, 2021, Helmerich & Payne commanded a substantial fleet, featuring 236 land rigs situated in North America, 30 land rigs operating internationally, and 7 offshore platform rigs. Beyond its core drilling operations, the company also maintains an interest in commercial real estate. Its property portfolio in Tulsa, Oklahoma, comprises a shopping center offering approximately 390,000 square feet of leasable space, alongside about 176 acres of undeveloped land. Helmerich & Payne, Inc. was founded in 1920 and continues to maintain its corporate headquarters in Tulsa, Oklahoma.

Sector: Energy · Industry: Oil & Gas Drilling

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 18, 2026

Compliance History

Not Halal, unchanged since Jun 2026.

No status changes recorded since we began tracking.

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

Fiscal: Q2 2026Data source: EDGAR

Halal Alternatives in Energy

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

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Frequently Asked Questions

Is Helmerich & Payne, Inc. (HP) halal to invest in?
Helmerich & Payne, Inc. (HP) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.
Why did Helmerich & Payne, Inc. get a F compliance rating?
Helmerich & Payne, Inc. (HP) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 62.0% (limit 30%); interest-bearing deposits of 7.2% (limit 30%); prohibited income of 1.72% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Helmerich & Payne, Inc.'s Shariah verdict?
Helmerich & Payne, Inc.'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 Helmerich & Payne, Inc. re-screened for Shariah compliance?
Helmerich & Payne, Inc. (HP) 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: Jul 18, 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.