HES

Q: Is HES (Hess Corporation (acquired by Chevron; no HES listing)) halal?

DOUBTFUL: Chevron completed Hess's acquisition on July 18, 2025; the historical oil-and-gas analysis is retained without a current standalone HES screen. HES is a preserved Hess route. Chevron completed the acquisition on July 18, 2025, so HES is no longer an independently tradable security and no Chevron figures are substituted. Hess's upstream oil-and-gas, Guyana and midstream activities remain historical qualitative context; evaluate Chevron separately if current exposure is intended.

Hess Corporation (acquired by Chevron; no HES listing)

DOUBTFUL — NOT PUBLICLY TRADEDstock

Is HES Halal?

Chevron completed Hess's acquisition on July 18, 2025; the historical oil-and-gas analysis is retained without a current standalone HES screen.

What You Should Know

HES is a preserved Hess route. Chevron completed the acquisition on July 18, 2025, so HES is no longer an independently tradable security and no Chevron figures are substituted. Hess's upstream oil-and-gas, Guyana and midstream activities remain historical qualitative context; evaluate Chevron separately if current exposure is intended.

⚠️ Concerns

•HES ceased standalone trading after Chevron's acquisition
•Historical oil and gas, Guyana and environmental issues remain qualitative
•No current standalone HES ratios or purification amount apply
•HES is a preserved Chevron-acquisition alias; the URL is unchanged

Current quantitative Sharia screen

Based on issuer-status figures for the period ended 2025-07-18; calculated 2026-07-15.

Legacy alias · no public listing

This legacy route is not a currently publicly traded security. No current issuer balance sheet, revenue statement or public-market share price is available for a reproducible quantitative equity screen. The route and its qualitative analysis are preserved for search continuity; the historical ticker should not be treated as an investable current listing.

Methodology	Financial	Overall	What drives it
FTSE Yasaar v4.6, February 2026	Not calculated	Not calculated	HES ceased to be independently listed on July 18, 2025; current financial ratios are not calculated.
MSCI Islamic (total-assets series) October 2024 methodology	Not calculated	Not calculated	HES is no longer an independent investible security, so no current standalone ratio is calculated.
Malaysia SAC financial ratios current methodology	Not calculated	Not calculated	HES ceased to be independently listed; this record does not substitute Chevron figures.
Market-cap denominator methods MSCI M-Series, S&P and Dow Jones methods differ	Not calculated	Not calculated	No current independently listed HES market-cap series exists after the acquisition.

FTSE Yasaar

v4.6, February 2026

Financial: Not calculated
Overall: Not calculated

HES ceased to be independently listed on July 18, 2025; current financial ratios are not calculated.

MSCI Islamic (total-assets series)

October 2024 methodology

Financial: Not calculated
Overall: Not calculated

HES is no longer an independent investible security, so no current standalone ratio is calculated.

Malaysia SAC financial ratios

current methodology

Financial: Not calculated
Overall: Not calculated

HES ceased to be independently listed; this record does not substitute Chevron figures.

Market-cap denominator methods

MSCI M-Series, S&P and Dow Jones methods differ

Financial: Not calculated
Overall: Not calculated

No current independently listed HES market-cap series exists after the acquisition.

Business-activity disclosure

Hess's last standalone business was upstream oil and gas exploration, development, production and midstream logistics, generally permissible at the activity level under standard Sharia methodology, but no current HES security exists.

Limitation: The issuer-status record cannot provide current financial ratios for a security that ceased independent trading.

Purification

No current HES purification amount is applicable after the acquisition; a historical Hess figure must not be applied to Chevron.

Inputs, assumptions and primary sources

Chevron completed its acquisition of Hess on July 18, 2025, and Hess ceased to be an independently listed investible security. No successor-company figures are substituted for HES.
The former Hess upstream oil-and-gas, Guyana and midstream qualitative analysis is retained on the asset page as historical context; it is not a current standalone screen.

U.S. Securities and Exchange Commission: Chevron completes acquisition of Hess Corporation (Form 8-K)Chevron Corporation: Chevron Completes Acquisition of Hess Corporation FTSE Russell: FTSE Yasaar Global Equity Shariah Index Series Ground Rules MSCI: MSCI Islamic Index Series Methodology Securities Commission Malaysia: Shariah-Compliant Securities Screening Methodology

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.

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