Ring Energy, Inc. - 1792 Exchange

Rating Overview

Ring Energy, Inc. is Medium Risk.

Ring Energy is Medium Risk. The company often yields to political activism in shaping corporate governance, potentially alienating consumers, dividing employees, and harming shareholders. The company implements race and identity-based policies that replace merit, excellence, and integrity with preferential treatment and outcomes. The company occasionally embraces corporate initiatives that redirect its central focus from business goals to partisan policies and divisive issues at times. This approach fails to safeguard free exercise, free speech, and free enterprise.

Rating Criteria

Corporate Weaponization Risk Levels
Criteria	Risk Level
Cancellations	Medium Risk
Discriminatory Philanthropy	Lower Risk
Employment Protection	High Risk

Corporate Weaponization ⓘ

Corporate Governance and Public Policy Risk Levels
Criteria	Risk Level
Advocacy Bias	High Risk
Funding	Lower Risk
Political Actions	No Data

Corporate Governance and Public Policy ⓘ

Rating Criteria Detail

Criteria Risk Level Rationale

Corporate Weaponization

Criteria:

Has canceled customers, suppliers, or vendors due to their political views or religious beliefs OR corporately boycotts, divests, or sanctions regions, people groups, or industries.

Risk Level:

Medium

Rationale:

Ring Energy integrates ESG into its business practices. From its 2025 Sustainability Report: “The Company makes compensation decisions based on a combination of the Company’s performance and the individual’s impact on the Company’s performance in a variety of areas including safety and sustainability/ESG performance metrics” (1). However, the company has not canceled customers, suppliers, or vendors based on political views or religious beliefs (2).

Criteria:

Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.

Risk Level:

Lower

Rationale:

Ring Energy does not appear to discriminate against charitable organizations based on views or beliefs (1).

Criteria:

Employment policies fail to protect against viewpoint or other discrimination and/or are ideological in nature.

Risk Level:

High

Rationale:

Ring Energy appears to prioritize diversity over merit in its leadership composition. From its 2025 Sustainability Report: “Our Board believes that its members should reflect diversity in professional experience, cultural experience, gender, and ethnic background” (1). The company appears to prioritize diversity over merit in its recruitment and hiring. From its 2025 Sustainability Report: “we focus on promoting
diversity and inclusion throughout our
talent acquisition, management, and
development practices” (2). Ring Energy does not provide viewpoint protections for its employees (3).

Corporate Governance and Public Policy

Criteria:

Uses corporate reputation to support causes, organizations, or policies hostile to freedom of expression.

Risk Level:

High

Rationale:

Ring Energy supports DEI within its business practices. From its 2025 Sustainability Report: “As such, we devote significant internal
attention to these matters, including: employee engagement, diversity, and inclusion” (1). Ring Energy supports ESG within its business practices. From its Nominating, Environmental, Social and Governance Committee Charter: “The primary purposes of the Nominating, Environmental, Social and Governance Committee of the Board of Directors of Ring Energy, Inc. (the “Company”) are to assist the Board in identifying, evaluating, and recommending individuals qualified to become Board members; determination of the composition of the Board and its committees; establishing and maintaining effective corporate governance policies; providing oversight with respect to environmental, social and governance (“ESG”) matters; valuating the performance of the Board and its committees” (2). Otherwise, Ring Energy has not supported ideological causes or policies (3).

Criteria:

Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.

Risk Level:

Lower

Rationale:

Ring Energy has not used corporate funds to advance ideological causes, organizations, or policies (1).

Criteria:

Uses corporate political actions and/or financial contributions for ideological, non-business purposes.

Risk Level:

N/A

Rationale:

Ring Energy does not operate a PAC or engage in lobbying at this time (1)(2)(3).