Top 3 Halal Energy Stocks in 2025

Analysis, Halal Investment, Stock Investing |

Written by Haider Saleem
Journalist and Political Analyst | LinkedIn / X

This article profiles three Shariah-compliant energy giants that continue to anchor global oil and gas markets:

1.    Saudi Aramco (2222.SR)
2.    ADNOC Gas (ADNOCGAS.AE)
3.    ExxonMobil (XOM)

All are listed on the Musaffa platform as halal.

1. Saudi Arabian Oil Company (Saudi Aramco) (2222.SR)

Dividend Giant with Global Weight

Saudi Aramco remains the world’s most valuable energy company and a top dividend payer globally. Backed by state ownership and some of the lowest extraction costs in the industry, Aramco continues to deliver strong earnings and free cash flow, even as Brent crude trades near $68 per barrel, despite a 1.62% drop in its share price as of June 24, 2025, amid broader Tadawul index volatility[3].

Aramco’s financial stability is underpinned by:

  • Robust margins from upstream operations
  • Government-linked long-term supply contracts
  • Minimal debt relative to asset base

In 2025, the company’s focus on gas expansion and petrochemicals adds depth to its portfolio, aligning with Saudi Arabia’s broader Vision 2030 diversification plans. While not without geopolitical exposure, Aramco remains a cornerstone for halal investors seeking defensiveness and income.

2. ADNOC Gas (ADNOCGAS.AE)

Gulf Gas Play with Long-Term Demand Tailwinds

Listed in Abu Dhabi, ADNOC Gas operates one of the world’s largest integrated gas processing systems and is a key supplier to Asia, especially under long-term LNG contracts. The company has benefited from the global push for lower-emission fuels and the Gulf’s ambition to dominate cleaner hydrocarbons.

Key fundamentals include:

  • A strong balance sheet and recurring export-linked revenues
  • Integration with the ADNOC group’s infrastructure
  • Continued investment in low-carbon gas and blue hydrogen. ADNOC has also announced major AI-powered data centre partnerships and natural gas pipeline expansions across the UAE, expected to meet over 60% of domestic demand and enhance export capacity through 2028[4][5].

For halal investors, ADNOC Gas offers a unique blend: a compliant energy company operating in the fossil fuel sector, yet strategically positioned for the energy transition.

3. ExxonMobil (XOM)

North America’s Most Resilient Oil Major

ExxonMobil has rebounded strongly since its pandemic-era lows, thanks to disciplined capital allocation and cost control.

Its dividend yield remains attractive, hovering around 3.5% in 2025 – modest compared to Aramco’s >4%, but supported by reliable earnings.

Notable drivers:

  • A balanced mix of upstream, downstream, and chemical segments
  • A rising focus on carbon capture and low-carbon technologies
  • An improving dividend outlook with earnings stability

While U.S.-based oil majors are more exposed to shareholder activism and ESG politics, Exxon’s fundamentals and consistent earnings make it a key holding for many Shariah-compliant portfolios.

4. Market Outlook

According to Bloomberg, oil prices have steadied post-Iran-Israel truce, with Brent holding near $68 and WTI around $65. However, analysts note that Middle East geopolitical risks now have a diminished impact on oil prices due to improved global supply diversity and infrastructure resilience[8].

Analysts warn of a possible bearish turn post–Q3 2025, especially if global growth softens and demand plateaus. Still, U.S. crude inventories remain low, and summer driving season demand may continue to support pricing in the short term.

5. Conclusion

Saudi Aramco, ADNOC Gas, and ExxonMobil stand as three, strong financially and operationally stable energy companies available to halal investors today with

References

  1. Musaffa Stock Screenings
  2. Bloomberg, Latest Oil Market News and Analysis for June 26, June 26, 2025
  3. Investing.com, Aramco Share Price Movement on Tadawul, June 24, 2025
  4. Data Centre Magazine, ADNOC-Microsoft AI Partnership, June 2025
  5. Pipeline & Gas Journal, Middle East Gas Infrastructure Updates, June 2025
  6. Insider Monkey, ExxonMobil: A Dividend Giant, June 2025
  7. UBS via Investing.com, Exxon Permian and Energy Transition Outlook, June 2025

AW/Ron Bousso, Middle East’s Diminishing Impact on Oil Prices, June 2025

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