To further expand trading opportunities and enhance your Futures trading experience, MEXC will launch VLO, MPC, DVN and BKR Stock Futures on the Futures market. These new listings offer a flexible and efficient way to gain exposure to some of the most prominent equities. Futures trading will be available immediately upon listing, with Futures Grid Bot strategies available within 5 minutes of listing.

Futures Trading Details

Introduction

Valero Energy Corporation and its subsidiaries operate as an international manufacturer and marketer of transportation fuels and other petrochemical products. Valero, a Fortune 50 company based in San Antonio, Texas, with approximately 10,000 employees, is an independent refiner and ethanol producer. Its assets include 15 refineries with a total throughput capacity of approximately 3.1 million barrels per day and 11 ethanol plants with a combined annual production capacity of approximately 1.45 billion gallons. The refineries are located in the United States, Canada, and the United Kingdom, while the ethanol plants are located in the central United States. In addition, Valero owns a 2% general partner interest and a majority limited partner interest in Valero Energy Partners LP (a midstream major limited partnership). Valero sells its products on wholesale shelves and in bulk markets, and the Valero brand name is used in approximately 7,400 stores in the United States, Canada, the United Kingdom, and Ireland.

Marathon Oil Company was incorporated in Delaware, USA, on November 9, 2009. The company primarily engages in refining and marketing, retail marketing, and pipeline transportation operations in the Midwestern United States, the Gulf Coast, and Southeast Asia. It is one of the largest independent petroleum product refiners, marketers, and transporters in the United States, with the largest presence east of the Mississippi River.

Devon Energy Corporation is a Delaware-based company founded in 1971. It has been publicly traded since 1988, and its common stock is listed on the New York Stock Exchange. Devon Energy Corporation is a leading independent energy company primarily engaged in the exploration, development, and production of oil, natural gas, and NGLs. Its operations are concentrated across various onshore regions of the United States. In June 2019, the company completed the sale of virtually all of its oil and gas assets in Canada.

Baker Hughes Company, a Delaware corporation formed by Baker Hughes for the purpose of this transaction, will be a holding company whose primary asset will be indirect ownership of common stock, representing approximately 37.5% of the equity interest in Newco LLC. The company envisions Bear Newco as a leading provider of equipment, technology, and services to the oil and gas industry.

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