Is OXY halal?
Occidental Petroleum Corporatio
Halal
Occidental Petroleum Corporatio passed every check under AAOIFI Shariah standard No. 21: no prohibited business activity, and all three financial ratios are within limits.
Checked: 14 October 2026
Exchange
NYSE
Price
62.38
Day
+2.82%
Market cap
$61.60B
Industry
Oil & Gas E&P
Sector
Energy
What the company does
Occidental Petroleum produces oil and gas (Permian — the largest, Oman, Gulf of Mexico), runs the OxyChem chemicals unit and direct-air-capture projects. Berkshire Hathaway is a major shareholder; its money comes from oil, gas and chemicals sales.
What was checked
The AAOIFI standard has four steps: business activity first, then three financial ratios. Fail one and the stock is not halal.
Business activity
No prohibited activity
Interest-bearing debt / market cap
limit 30%
Interest-bearing debt $13.74B ÷ 36-month average market cap $49.67B = 27.7%
27.7%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $4.15B ÷ 36-month average market cap $49.67B = 8.3%
8.3%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $219.00M ÷ annual revenue $21.59B (2025) = 1.0%
1.0%
Pass
Figures from the company's filings (2026-06-30), USD. Market cap is a 36-month average (the S&P Shariah index approach), so a one-day price move does not flip the verdict. Today's market cap: $61.60B.
For information (AAOIFI 3/1 note): cash + receivables are 10.2% of total assets (2026-06-30). AAOIFI recommends tangible assets of at least one third — this figure does not affect the verdict, and other major screeners do not apply it either.
In the lists
- In the S&P 500
- 0.07% weight · #241 of 503
- Among halal stocks
- 0.09% · #139 of 1455
- Held by funds
- HLAL 0.12% · SPUS 0.11%
- Dividend
- 1.62% · purify 1.0% · net 1.61%
Superinvestors
SEC 13F, 2026 Q3. Up to 45 days delayed.Held by 4 superinvestors · Average reported price: $48.57
- Francis ChouChou Associates$15.2M7.0%
- Warren BuffettBerkshire Hathaway$12.9B4.3%
- Duan YongpingH&H International Investment$498.4M2.6%
- Dodge & Cox Funds$3.5B1.9%
Exited this quarter: Li Lu
All superinvestor portfoliosHalal stocks in the same industry
The largest halal stocks in Oil & Gas E&P — for comparison.
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Halal is the first question. The second: when to enter?
Our scanner watches 1454 halal stocks around the clock and fires a signal with entry, TP and SL when a technical setup completes. The full signal history — with outcomes — is public.
This is neither investment advice nor a fatwa. Screening is based on public financial statements and AAOIFI standard No. 21; data may lag. For a personal decision consult your own scholar.