XOM

Exxon Mobil Corp.

DOUBTFUL — FINANCIAL SCREENS PASSstock

Is XOM Halal?

Current financial screens pass; oil and gas are generally permissible activities, while environmental harm and incomplete screened-revenue disclosure remain material qualitative concerns.

What You Should Know

Exxon Mobil's upstream, fuels, lubricants, petrochemical, specialty-product, and low-carbon activities are generally permissible at the industry level. The March 2026 quantitative review confirms that debt and deliberately conservative upper bounds for conventional liquidity, receivables, and other income remain within the examined total-assets limits. The filing does not provide a complete Sharia-screened revenue numerator, and the qualitative review retains climate, pollution, community, human-rights, safety, disclosure, lobbying, and transition concerns rather than dismissing them as purely personal preferences.

⚠️ Concerns

  • Greenhouse-gas, methane, flaring, spill, pollution, habitat, and cumulative climate impacts
  • Community health, environmental justice, Indigenous and land rights, and worker safety
  • Other income was a conservative 0.71% upper bound of quarterly revenue
  • Screened retail, trading, chemical, affiliate, finance, and end-use revenue is not separately disclosed
  • Climate disclosures, policy advocacy, transition assumptions, remediation, and capital allocation require continuing review

Current quantitative Sharia screen

Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-12.

USD · millions
Interest-bearing debt / assets
10.26%Within limit
Below 33.333% under FTSE Yasaar

47,661 / 464,410

Cash + interest-bearing securities / assets
11.75%Within limit
Below 33.333% under FTSE Yasaar

54,560 / 464,410

Receivables + cash / assets
25.05%Within limit
Below 50% under FTSE Yasaar

116,343 / 464,410

Non-compliant income / revenue (upper bound)
0.71%Within limit
No more than 5% under FTSE Yasaar

608 / 85,138

FTSE Yasaar
v4.6, February 2026
Financial
Pass
Overall
Incomplete

Debt is 10.26%, the deliberately overinclusive liquidity bound 11.75%, the deliberately overinclusive receivables-plus-cash bound 25.05%, and the other-income upper bound 0.71%, all within the examined limits. The screened business-revenue percentage remains undisclosed.

MSCI Islamic (total-assets series)
October 2024 methodology
Financial
Pass
Overall
Incomplete

Debt and conservative upper bounds for conventional liquidity and receivables plus cash are below the applicable total-assets ratios. The business-activity result remains incomplete.

Malaysia SAC financial ratios
single 5% activity benchmark adopted November 2025
Financial
Pass
Overall
Incomplete

Reported debt and the deliberately conservative conventional-liquidity bound are below 33% of total assets, while a screened business-revenue percentage is unavailable. This is a calculation against the SAC ratios, not an official SAC classification of a U.S.-listed security.

Market-cap denominator methods
MSCI M-Series, S&P and Dow Jones methods differ
Financial
Not calculated
Overall
Not calculated

A properly licensed and reproducible 24- or 36-month issuer market-cap history is not yet stored, so these methods are not estimated from a current spot price.

Business-activity disclosure

Exxon Mobil explores for and produces oil and natural gas and manufactures, trades, transports, and sells fuels, lubricants, petrochemicals, and specialty products. Resource extraction and general-purpose energy and chemical production are generally permissible commercial activities under standard industry screens.

Limitation: The filing does not label revenue by Sharia-screened product, customer, retail, trading, finance, or end-use category. No material prohibited core segment is identified, but an exact prohibited-revenue percentage cannot be proven from consolidated disclosure, so this record does not convert 'not identified' into an asserted zero.

Purification

All 608 of other income was a conservative 0.71% upper bound of quarterly revenue, but Exxon Mobil does not isolate interest or potentially non-compliant operating revenue. This record therefore does not prescribe a fixed purification percentage.

Inputs, assumptions and primary sources
  • Interest-bearing debt is the sum of 14,531 of current notes and loans payable and 33,130 of long-term debt.
  • Cash and cash equivalents use the reported 8,435 balance.
  • The filing combines 46,125 of investments, advances and long-term receivables. Treating the entire mixed line as interest-bearing securities is a deliberately conservative liquidity upper bound even though it includes equity-method and other non-debt amounts.
  • The receivables input is a deliberately conservative upper bound: 61,783 of current notes and accounts receivable plus the entire 46,125 mixed long-term investments, advances and receivables line. This avoids understating long-term receivables that the balance sheet does not disaggregate.
  • Revenue and the 608 of other income use the same three-month period ended March 31, 2026. Exxon Mobil does not separately report interest income in the quarterly statement, so all other income is treated as a conservative non-compliant-income upper bound.
  • The filing does not provide a screened prohibited-revenue numerator across upstream, energy products, chemical products, specialty products, low-carbon solutions, trading, retail, and affiliate activities.

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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