The geochemical investigation of shales from the Early to Middle Cretaceous Chichali Formation in the Hazara Basin was conducted to determine the origin, tectonic setting and evolution, paleo-weathering conditions, and paleo-oceanographic reconstruction. The research included a comprehensive field survey, sample collection, and analysis of a variety of main, trace, and rare-earth elements using an X-ray fluorescence spectrometer (XRF). Bivariate plots and ternary diagrams were used to determine the provenance, tectonic setting, and paleo-weathering conditions that existed during the development of the Chichali Formation in the Hazara Basin. The values of Ba/Sc, Ba/Co, Th/Sc, Cr/Th, Cr/Zr, Th/Co, Th/Cr, Sc/Th, bivariate plots of Al₂O₃ vs. TiO₂, TiO₂ vs. Zr, TiO₂ vs. Ni, Df1–Df2, Zr vs. Nb, and La/Sc vs. Th/Co, and ternary diagram of K₂O–Fe₂O₃–Al₂O₃ were used to illustrate the passive continental margin setting of Chichali Formation shales. The detailed chemical analysis also provides an understanding of the marine geochemical cycle, which reflects the origin of these sediments. The average K₂O/Al₂O₃ value is less than 0.4, indicating that the shale contains clay minerals. The Chichali Formation’s Chemical Index of Alteration (mean = 71) and Index of Compositional Variation (mean = 1.12) values show a modest degree of chemical weathering in the source locations. From an environmental standpoint, the Chichali Formation is richer in toxic elements such as Ba, Zn, Ni, Cr, and Cu, which may be damaging to agricultural soils and drinking water when present in excess. These metals are incorporated into the formation during the weathering process.