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Is Phillips 66 Stock Halal?
Shariah Compliance Analysis of PSX Stock
United States Energy Large Cap No. As of October 2026, Phillips 66 (PSX) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Phillips 66 does not pass Musaffa's business and financial screening criteria.
Phillips 66 engages in the processing, transportation, storage, and marketing of fuels and other related products. The company is headquartered in Houston, Texas and currently employs 12,600 full-time employees. The company went IPO on 2012-04-12. The firm's Midstream segment provides crude oil and refined petroleum product transportation, terminating and processing services, as well as natural gas and natural gas liquids (NGL) transportation, storage, fractionation, gathering, processing and marketing services. Its Chemicals segment consists of its 50% equity investment in Chevron Phillips Chemical Company LLC, which manufactures and markets petrochemicals and plastics on a worldwide basis. Its Refining segment refines crude oil and other feedstocks into petroleum products, such as gasoline, distillates, including aviation fuels. Its Marketing and Specialties segment purchases for resale and markets refined products, mainly in the United States and Europe. Its Renewable Fuels segment processes renewable feedstocks into renewable products at the Rodeo Renewable Energy Complex and at its Humber Refinery.
PSX Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, Phillips 66 is classified as not halal.
NOT HALALPhillips 66 (PSX) Chart
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Financial Metrics & Statements of Phillips 66 (PSX)
FAQ's for Phillips 66 (PSX)
- As of October 2026, Phillips 66 PSX is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
- A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Phillips 66 using these criteria to determine its compliance status.
- Muslim investors may consider investing in Phillips 66 if it meets Shariah compliance standards. Investors typically review the company’s business activities, debt levels, and non-permissible income before making a decision.
- Musaffa determines the Shariah status of Phillips 66 by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
- The Shariah compliance status of Phillips 66 may be updated periodically when new financial statements, earnings reports, or business activity information become available.
- Yes. A stock that is currently Shariah-compliant may become non-compliant if the company’s financial ratios exceed Shariah thresholds or its business activities change.
- You can check the latest Shariah compliance status of Phillips 66 on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
Alternate Halal Stocks for Phillips 66 (PSX)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.
