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.
Permianville Royalty Trust is a fossil fuel royalty trust whose sole business is to hold overriding royalty interests in oil and natural gas properties located in the Permian Basin, Texas, the Haynesville Shale, Louisiana, and the Eagle Ford Shale, Texas. The trust’s income is derived exclusively from the production and sale of oil and natural gas from these assets.
Permianville Royalty Trust is a fossil fuel income vehicle that holds overriding royalty interests in oil and natural gas properties. Its entire business model is the collection and distribution of revenue generated from the ongoing production of fossil fuels, primarily from wells in the Permian Basin. The trust does not operate wells itself but receives payments based on the production volumes and sales prices from its underlying assets, which are operated by companies including Apache Corporation, XTO Energy, and Occidental Petroleum. This structure makes the trust’s distributions a direct pass-through of revenue from fossil fuel extraction.
The trust’s financial viability is explicitly tied to the volume and price of oil and gas produced from its interests. For example, in 2018, royalties from the properties contributed approximately $1.4 billion to the state where they are located. The trust regularly announces monthly operational updates detailing production volumes and net profits calculations, underscoring its ongoing dependency on active drilling and hydrocarbon sales. Its exclusion falls under the legacy oil_gas category, which captures integrated fossil fuel operations; the trust’s pure-play, passive revenue model represents a financial conduit for upstream oil and gas production.
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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.
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