Which Energy stocks are halal?

According to our AAOIFI-based screening, 73 of 224 listed Energy companies are halal. The largest by market cap: ExxonMobil Holdings Corporation (XOM), Chevron Corporation (CVX), ConocoPhillips (COP), Petroleo Brasileiro S.A. Petrob (PBR), Valero Energy Corporation (VLO). The full list and each company's ratios are on the stock pages.

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 sector

Halal Energy stocks

US Energy stocks screened against the AAOIFI standard: business activity, interest-bearing debt, cash and interest income. Below are the largest halal ones by market cap.

Halal

Not halal

136

Doubtful

Not enough data

33% of the sector is halal · 224 listed companies in total

Why companies in this sector pass or fail

Oil, gas, coal and energy equipment. The business is usually permissible, so debt is the deciding factor. Pipeline and infrastructure companies run on heavy borrowing and often fail; some producers and service companies pass with low debt.

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

Not halal — by reason

136 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)121 · 89%
Cash & investments ≥ 30%36 · 26%
Interest (non-compliant) income ≥ 5%3 · 2%

Largest halal stocks — Energy

The 30 largest by market cap. Open any row for the full stock page — ratios, formula and date.

#	Company	Industry	Market cap	Price	Debt	Cash	Interest income
1	ExxonMobil Holdings CorporationXOM	Oil & Gas Integrated	$720.32B	178.98	8.3	2.1	—
2	Chevron CorporationCVX	Oil & Gas Integrated	$430.69B	224.99	12.5	2.9	—
3	ConocoPhillipsCOP	Oil & Gas E&P	$169.65B	146.51	18.1	6.9	0.5
4	Petroleo Brasileiro S.A. PetrobPBR	Oil & Gas Integrated	$164.65B	26.015	14.3	2.1	0.5
5	Valero Energy CorporationVLO	Oil & Gas Refining & Marketing	$130.65B	444.74	22.0	15.3	—
6	Canadian Natural Resources LimiCNQ	Oil & Gas E&P	$107.83B	53.83	16.3	2.5	0.5
7	Suncor Energy Inc.SU	Oil & Gas Integrated	$89.68B	78.08	20.0	7.3	0.0
8	EOG Resources, Inc.EOG	Oil & Gas E&P	$81.55B	158.05	12.0	7.2	0.9
9	SLB LimitedSLB	Oil & Gas Equipment & Services	$72.11B	49.5	20.4	6.5	0.4
10	Imperial Oil LimitedIMO	Oil & Gas Integrated	$65.25B	133.96	7.0	4.8	0.0
11	Occidental Petroleum CorporatioOXY	Oil & Gas E&P	$61.60B	62.39	27.7	8.3	1.0
12	Cenovus Energy IncCVE	Oil & Gas Integrated	$59.76B	32.95	24.3	6.6	0.3
13	Cameco CorporationCCJ	Uranium	$36.05B	81.53	2.4	2.7	0.7
14	EQT CorporationEQT	Oil & Gas E&P	$33.39B	54.315	20.8	0.4	—
15	Tenaris S.A.TS	Oil & Gas Equipment & Services	$29.37B	59.38	2.2	18.9	1.9
16	Halliburton CompanyHAL	Oil & Gas Equipment & Services	$28.02B	33.52	27.0	7.7	0.4
17	TechnipFMC plcFTI	Oil & Gas Equipment & Services	$27.46B	69.69	3.2	6.4	0.4
18	Texas Pacific Land CorporationTPL	Oil & Gas E&P	$24.04B	351.19	0.0	1.1	2.3
19	Expand Energy CorporationEXE	Oil & Gas E&P	$21.94B	93.41	18.5	3.3	0.2
20	Permian Resources CorporationPR	Oil & Gas E&P	$20.17B	24.62	26.0	1.1	—
21	YPF Sociedad AnonimaYPF	Oil & Gas Integrated	$20.04B	52.09	0.1	0.0	0.4
22	Viper Energy, Inc.VNOM	Oil & Gas Midstream	$15.90B	45.02	27.7	1.3	0.7
23	Range Resources CorporationRRC	Oil & Gas E&P	$9.82B	43.22	9.9	0.0	0.2
24	Chord Energy CorporationCHRD	Oil & Gas E&P	$8.01B	154.56	23.9	9.1	—
25	Magnolia Oil & Gas CorporationMGY	Oil & Gas E&P	$6.85B	25.36	8.6	6.5	—
26	LandBridge Company LLCLB	Oil & Gas E&P	$6.31B	81.44	10.8	0.8	—
27	Valaris LimitedVAL	Oil & Gas Drilling	$6.01B	85.3	25.2	12.5	3.0
28	International Seaways, Inc.INSW	Oil & Gas Midstream	$5.77B	110.07	25.7	16.3	0.9
29	Weatherford International plcWFRD	Oil & Gas Equipment & Services	$5.40B	76.19	24.5	18.2	0.9
30	California Resources CorporatioCRC	Oil & Gas E&P	$4.77B	54.32	0.0	1.3	0.9

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

The other 43 halal stocks — in the screener

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

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Industries in this sector

Industries with at least 5 halal stocks — each with its own list and failure reasons.

Other sectors

Frequently asked questions

Which Energy stocks are halal?: According to our AAOIFI-based screening, 73 of 224 listed Energy companies are halal. The largest by market cap: ExxonMobil Holdings Corporation (XOM), Chevron Corporation (CVX), ConocoPhillips (COP), Petroleo Brasileiro S.A. Petrob (PBR), Valero Energy Corporation (VLO). The full list and each company's ratios are on the stock pages.
Why are some Energy companies not halal?: Oil, gas, coal and energy equipment. The business is usually permissible, so debt is the deciding factor. Pipeline and infrastructure companies run on heavy borrowing and often fail; some producers and service companies pass with low debt.
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.

Terms

Shariah screening AAOIFI Debt ratio Interest-bearing assets ratio Impermissible income Sector Market capitalisation

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