COP
ConocoPhillips
Is COP Halal?
Oil and gas — financial ratios pass, but hydrocarbon activity remains a qualitative concern.
What You Should Know
ConocoPhillips' March 31, 2026 filing reports debt/assets of 19.01%, liquidity/assets of 6.51%, receivables plus cash/assets of 10.53% and disclosed interest income of 0.69% of quarterly revenue. Exploration, production, LNG and commodity activity require qualitative review alongside environmental, geopolitical and financing concerns.
⚠️ Concerns
- •Oil, gas and LNG activity requires qualitative review
- •Environmental, emissions and geopolitical risks
- •Disclosed interest income is not a complete purification prescription
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-14.
23,327 / 122,725
7,992 / 122,725
12,927 / 122,725
109 / 15,761
- Financial
- Pass
- Overall
- Incomplete
Debt is 19.01% of total assets, liquidity is 6.51%, receivables plus cash are 10.53% and disclosed interest income is 0.69%; business classification remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Debt, liquidity and receivables-plus-cash are below the examined total-assets limits; this is a calculation against the named method, not an index-membership claim.
- Financial
- Pass
- Overall
- Incomplete
Debt, liquidity and receivables-plus-cash are below the examined Malaysia SAC financial limits; this is not an official classification.
- Financial
- Not calculated
- Overall
- Incomplete
A properly licensed historical market-cap series is not stored and business classification remains incomplete, so market-cap methods are not estimated from a current spot price.
Business-activity disclosure
ConocoPhillips explores and produces oil, gas and LNG and holds global energy investments. Energy production can be permissible, while hydrocarbon end uses, LNG, commodity contracts, environmental liabilities and conventional financing require qualitative review.
Limitation: The filing does not quantify a scholar-specific prohibited-revenue numerator; the $109 million interest-income figure is a disclosed income-screen input, not a complete purification prescription.
Purification
ConocoPhillips discloses $109 million of interest income but does not prescribe a scholar-approved purification percentage; the disclosed ratio is evidence for the income screen, not a complete purification prescription.
Inputs, assumptions and primary sources
- Amounts are USD millions from ConocoPhillips' March 31, 2026 Form 10-Q.
- Interest-bearing debt is $1,065 million of short-term debt plus $22,262 million of long-term debt; operating lease liabilities are excluded.
- Cash and cash equivalents are $5,877 million; identified short-term investments of $486 million and investments in debt securities of $1,629 million are included as interest-bearing securities.
- Accounts and notes receivable, net are $7,050 million and first-quarter revenue is $15,761 million; disclosed interest income is $109 million.
- The filing does not allocate oil, gas, LNG, chemicals or other revenue into a universal prohibited-activity numerator.
This is a reproducible financial screen, not a fatwa. A failed total-assets screen can coexist with a pass under a market-cap methodology. ZakatInvest keeps the qualitative assessment separate so numerical thresholds do not erase material context.
Similar Stocks
Want to screen more assets?
Use our interactive Halal Checker to screen any stock, ETF, or crypto instantly.
Go to Halal Checker →