Which Oil & Gas E&P stocks are halal?

According to our AAOIFI-based screening, 29 of 70 listed Oil & Gas E&P companies are halal. The largest by market cap: ConocoPhillips (COP), Canadian Natural Resources Limi (CNQ), EOG Resources, Inc. (EOG), Occidental Petroleum Corporatio (OXY), EQT Corporation (EQT). Each company's ratios are on its stock page.

Why are some Oil & Gas E&P companies not halal?

36 companies in this industry are currently not halal. Reasons (one company can fail for several): Interest-bearing debt ≥ 30% (of market cap) — 33; Cash & investments ≥ 30% — 7.

Which sector does Oil & Gas E&P belong to?

Oil & Gas E&P is an industry within the Energy sector. Other industries there with a halal list: Oil & Gas Equipment & Services, Oil & Gas Integrated.

Is this a fatwa or investment advice?

No. This is the result of automated screening based on public data. It is neither a fatwa nor an investment recommendation. Consult a scholar or adviser you trust before making decisions.

How often are the results updated?

Screening runs every day: when a new quarterly report comes out, the ratios are recalculated and the status may change. Each stock page shows the date it was checked.

Halal screening by industry

Halal Oil & Gas E&P stocks

There are 70 listed US companies in Oil & Gas E&P: 29 of them (41%) pass AAOIFI screening, 36 are not halal, 2 are doubtful and 3 lack enough data. The industry belongs to the Energy sector.

Companies in this industry — screening result

Halal29 · 41%
Not halal36 · 51%
Doubtful2 · 3%
Not enough data3 · 4%

70 listed companies in total

Not halal — by reason

36 companies are currently not halal. One company can fail for several reasons; the interest-income test only applies once the debt and cash ratios pass.

Interest-bearing debt ≥ 30% (of market cap)33 · 92%
Cash & investments ≥ 30%7 · 19%

This is a general observation, not a fatwa. Every company is screened individually — the result is on its own page, with the ratios. Methodology

Largest halal stocks — Oil & Gas E&P

The 29 largest by market cap. Open any row for the full stock page — ratios, formula and date.

#	Company	Market cap	Price	Debt	Cash	Interest income
1	ConocoPhillipsCOP	$169.65B	146.51	18.1	6.9	0.5
2	Canadian Natural Resources LimiCNQ	$107.83B	53.8	16.3	2.5	0.5
3	EOG Resources, Inc.EOG	$81.55B	158.01	12.0	7.2	0.9
4	Occidental Petroleum CorporatioOXY	$61.60B	62.38	27.7	8.3	1.0
5	EQT CorporationEQT	$33.39B	54.3	20.8	0.4	—
6	Texas Pacific Land CorporationTPL	$24.04B	350.92	0.0	1.1	2.3
7	Expand Energy CorporationEXE	$21.94B	93.41	18.5	3.3	0.2
8	Permian Resources CorporationPR	$20.17B	24.59	26.0	1.1	—
9	Range Resources CorporationRRC	$9.82B	43.22	9.9	0.0	0.2
10	Chord Energy CorporationCHRD	$8.01B	154.56	23.9	9.1	—
11	Magnolia Oil & Gas CorporationMGY	$6.85B	25.35	8.6	6.5	—
12	LandBridge Company LLCLB	$6.31B	81.57	10.8	0.8	—
13	California Resources CorporatioCRC	$4.77B	54.33	0.0	1.3	0.9
14	Baytex Energy CorpBTE	$3.65B	5.31	4.4	21.1	—
15	Gulfport Energy CorporationGPOR	$2.98B	166	28.8	0.0	—
16	Greenfire Resources Ltd.GFR	$1.57B	6.57	4.6	0.4	—
17	Vitesse Energy, Inc.VTS	$735.6M	18.25	21.7	0.1	—
18	SandRidge Energy, Inc.SD	$520.2M	14.27	0.0	23.5	2.6
19	PrimeEnergy Resources CorporatiPNRG	$342.9M	206.93	4.2	10.6	0.8
20	Kolibri Global Energy Inc.KGEI	$231.1M	6.97	25.9	0.9	0.0
21	Amplify Energy Corp.AMPY	$187.6M	4.43	0.0	9.9	—
22	Epsilon Energy Ltd.EPSN	$178.1M	5.97	29.0	8.0	0.4
23	Greenland Energy CompanyGLND	$137.5M	3.12	0.0	27.2	—
24	Empire Petroleum CorporationEP	$134.8M	3.22	9.1	1.9	—
25	North European Oil Royality TruNRT	$78.2M	8.53	0.0	7.0	1.0
26	Big Sky Industrial Inc.BSIN	$75.1M	1.42	6.9	29.3	—
27	Indonesia Energy Corporation LiINDO	$41.2M	2.6	0.0	15.8	—
28	Mexco Energy CorporationMXC	$19.9M	9.89	0.0	6.4	1.4
29	Barnwell Industries, Inc.BRN	$13.3M	0.9150	0.0	22.5	—

Ratios in percent; limits: debt < 30%, cash < 30%, interest income < 5%.

See the whole market in the screener

The public page is a sample. The screener filters by industry, sector and halal status: sort every Oil & Gas E&P stock by 40+ metrics (P/E, margins, growth, technicals).

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Parent sector

All halal stocks in Energy

Other industries in Energy

Frequently asked questions

Which Oil & Gas E&P stocks are halal?: According to our AAOIFI-based screening, 29 of 70 listed Oil & Gas E&P companies are halal. The largest by market cap: ConocoPhillips (COP), Canadian Natural Resources Limi (CNQ), EOG Resources, Inc. (EOG), Occidental Petroleum Corporatio (OXY), EQT Corporation (EQT). Each company's ratios are on its stock page.
Why are some Oil & Gas E&P companies not halal?: 36 companies in this industry are currently not halal. Reasons (one company can fail for several): Interest-bearing debt ≥ 30% (of market cap) — 33; Cash & investments ≥ 30% — 7.
Which sector does Oil & Gas E&P belong to?: Oil & Gas E&P is an industry within the Energy sector. Other industries there with a halal list: Oil & Gas Equipment & Services, Oil & Gas Integrated.
Is this a fatwa or investment advice?: No. This is the result of automated screening based on public data. It is neither a fatwa nor an investment recommendation. Consult a scholar or adviser you trust before making decisions.
How often are the results updated?: Screening runs every day: when a new quarterly report comes out, the ratios are recalculated and the status may change. Each stock page shows the date it was checked.

Not a fatwa and not investment advice. Screening is automated from public financial reports and may be wrong or out of date.