This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.
Permian Resources Corporation is an independent oil and natural gas company focused on the acquisition, development, and production of oil and natural gas reserves in the Permian Basin. The company reported average daily crude oil production of approximately 188,633 barrels in the fourth quarter of 2025. Its operations are concentrated exclusively in this major U.S. oilfield, with over 450,000 net acres and production of roughly 373 thousand barrels of oil equivalent per day, making it a pure-play upstream exploration and production company.
The company’s business model is centered on expanding fossil fuel extraction. Its 2024 annual report outlines a strategy of driving “peer-leading returns” through the acquisition and development of oil and gas assets, indicating a focus on growing its reserve base and production footprint. While the company publishes a sustainability report and has agreed to settlements for environmental violations, such as a 2023 agreement with the EPA to pay $610,000 over Permian Basin pollution, its core activity remains the upstream production of oil and gas with no announced plan to transition away from fossil fuels.
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A digest of changes to our exclusion list — new additions, removals, and the evidence behind them. We review the list continuously as new evidence surfaces.
Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.
This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.
Ethical Capital LLC is a state-registered investment adviser in Utah (CRD #316032). Registration does not imply a certain level of skill or training.