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Valero Energy Corporation

Valero Energy Corporation (Valero) is an independent petroleum refiner and ethanol producer. The Company's segments include refining, ethanol and Valero Energy Partners LP (VLP). The refining segment includes its refining operations and the associated marketing activities. The ethanol segment includes its ethanol operations and the associated marketing activities, and logistics assets that support its ethanol operations. The Company owns logistics assets (crude oil pipelines, refined petroleum product pipelines, terminals, tanks, marine docks, truck rack bays and other assets) that support its refining operations. Some of these assets are owned by VLP, which is a midstream master limited partnership owned by the Company. VLP's assets include crude oil and refined petroleum products pipeline and terminal systems in the United States Gulf Coast and the United States Mid-Continent regions. Its refineries produce conventional gasolines, premium gasolines and lubricants, among others.

Stock Exchange
Symbol
New York Stock Exchange
Locations
Valero Energy Corporation
PO Box 696000 SAN ANTONIO   TX   78269-6000

Website: https://www.valero.com/
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Joseph Gorder

Chairman of the Board, President, Chief Executive Officer

Mr. Joseph W. Gorder is Chairman of the Board, President, Chief Executive Officer of Valero Energy Corp., effective December 31, 2014. He became Valero’s Chief Executive Officer on May 1, 2014, and Chairman of the Board on December 31, 2014. Previously he served as Valero’s President and Chief Operating Officer since November 2012. Prior to that, Mr. Gorder was Executive Vice President and Chief Commercial Officer beginning in January 2011, and led Valero’s European operations from its London office. Beginning in December 2005, he was Executive Vice President–Marketing and Supply. Mr. Gorder has held several positions with Valero and Ultramar Diamond Shamrock Corporation (UDS) with responsibilities for corporate development and marketing. Mr. Gorder is also Chief Executive Officer and Chairman of the Board of Valero Energy Partners GP LLC, the general partner of Valero Energy Partners LP (NYSE: VLP), a midstream logistics master limited partnership formed by Valero in 2013. He also serves on the board of directors of Anadarko Petroleum Corporation (NYSE: APC). Mr. Gorder’s pertinent experience, qualifications, attributes, and skills include his multiple years of experience in the refining industry during his years of service with UDS and Valero.
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Michael Ciskowski

Chief Financial Officer, Executive Vice President

Mr. Michael S. Ciskowski is Chief Financial Officer, Executive Vice President of Valero Energy Corp. Mr. Ciskowski has served as Executive Vice President and Chief Financial Officer of Valero since August 2003. Before that, he served as Executive Vice President–Corporate Development since April 2003, and Senior Vice President in charge of business and corporate development since 2001.
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Jay Browning

Executive Vice President, General Counsel

Mr. Jay D. Browning has been appointed as Executive Vice President, General Counsel of Valero Energy Corp., effective May 1, 2014. Mr. Browning was elected Executive Vice President and General Counsel effective May 1, 2014. He was elected Senior Vice President and General Counsel in November 2012. He previously served as Senior Vice President–Corporate Law and Secretary from 2006 to 2012. Mr. Browning was elected Vice President of Valero in 2002, and was first elected as Secretary in 1997. He also serves as Executive Vice President and General Counsel of Valero Energy Partners GP LLC, the general partner of Valero Energy Partners LP.
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R. Lane Riggs

Executive Vice President - Refining Operations and Engineering

Mr. R. Lane Riggs has been appointed as Executive Vice President - Refining Operations and Engineering of Valero Energy Corp., effective May 1, 2014. Mr. Riggs was elected Executive Vice President–Refining Operations and Engineering effective May 1, 2014. Prior to that, he served as Senior Vice President–Refining Operations since 2011. His previous positions included Senior Vice President–Crude, Feedstock Supply & Trading and Vice President–Refinery Planning & Economics for Valero’s refining division. Mr. Riggs also serves on the board of directors of Valero Energy Partners GP LLC.
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Gary Simmons

Senior Vice President–Supply, International Operations and Systems Optimization

Mr. Gary K. Simmons is Senior Vice President–Supply, International Operations and Systems Optimization of the Company. Mr. Simmons was elected Senior Vice President–Supply, International Operations and Systems Optimization effective May 1, 2014. He previously served as Vice President–Crude and Feedstock Supply and Trading from 2012 to 2014, and Vice President–Supply Chain Optimization from 2011 to 2012. Mr. Simmons joined Valero in 1987 as a process engineer and has since held many leadership positions including Vice President and General Manager of Valero’s Ardmore and St. Charles refineries.
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Robert Profusek

Lead Independent Director

Mr. Robert A. Profusek is Lead Independent Director of Valero Energy Corp. Mr. Profusek is a partner of the Jones Day law firm where he chairs the firm’s global mergers and acquisitions practice. His law practice focuses on mergers, acquisitions, takeovers, restructurings, and corporate governance matters. Mr. Profusek is also the lead independent director of CTS Corporation (NYSE: CTS). He served as a director of the managing general partner of Valero L.P. (now known as NuStar Energy L.P.) from 2001–2005. He has served as a director of Valero since 2005. Mr. Profusek’s pertinent experience, qualifications, attributes, and skills include: legal expertise in legal matters, including corporate governance; capital markets expertise attained through his extensive experience in mergers and acquisitions and financing activities; managerial experience attained through his leadership roles with Jones Day; the knowledge and experience he has attained through his current service on another public company board and prior service as a director of other NYSE-listed companies; and the knowledge and experience he has attained through his service on Valero’s Board.
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H. Paulett Eberhart

Independent Director

Ms. H. Paulett Eberhart is Independent Director of the Company. Ms. Eberhart is Chairman and Chief Executive Officer of HMS Ventures, a privately held business involved with technology services and the acquisition and management of real estate. From January 2011 through March 2014, she served as President and Chief Executive Officer of CDI Corp. (NYSE: CDI), a provider of engineering and information technology outsourcing and professional staffing services. She served as a consultant to CDI from April 2014 through December 2014. Ms. Eberhart also served as Chairman and Chief Executive Officer of HMS Ventures from January 2009 until January 2011. She served as President and Chief Executive Officer of Invensys Process Systems, Inc. (Invensys), a process automation company, from January 2007 to January 2009. From 1978 to 2004, she was an employee of Electronic Data Systems Corporation (EDS), an information technology and business process outsourcing company, and held roles of increasing responsibility, including senior level financial and operating roles. From 2003 until March 2004, Ms. Eberhart was President of Americas of EDS, and from 2002 to 2003 she served as President of Solutions Consulting at EDS. Ms. Eberhart is a Certified Public Accountant and serves as a director of Anadarko Petroleum Corporation (NYSE: APC), Ciber, Inc. (NYSE: CBR); and LPL Financial Holdings Inc. (NASDAQ: LPLA). In addition to her current public-company directorships, in the past five years she also served on the boards of CDI, Cameron International Corporation (NYSE: CAM) Fluor Corporation (NYSE: FLR) and Advanced Micro Devices, Inc. (NASDAQ: AMD). Ms. Eberhart’s pertinent experience, qualifications, attributes, and skills include executive management and leadership skills attained as a CEO of public and private companies, and financial literacy and expertise attained in her service as a financial executive and Certified Public Accountant.
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Kimberly Greene

Independent Director

Ms. Kimberly S. Greene is Independent Director of the Company. Ms. Greene is Executive Vice President and Chief Operating Officer of the Southern Company (NYSE: SO), a position she has held since March 2014. Prior to that, she was President and Chief Executive Officer of Southern Company Services, Inc. Prior to rejoining Southern Company in April 2013, she was Executive Vice President and Chief Generation Officer of Tennessee Valley Authority (TVA). While at TVA, she served as Chief Financial Officer, Executive Vice President of financial services and Chief Risk Officer, as well as Group President for strategy and external relations. Ms. Greene began her career at Southern Company in 1991 and held positions of increasing responsibility in the areas of engineering, strategy, finance, and wholesale marketing, including Senior Vice President and Treasurer of Southern Company Services, Inc. from 2004 to 2007. Ms. Greene also serves on the board of directors of the Electric Power Research Institute. Ms. Greene’s pertinent experience, qualifications, attributes, and skills include executive managerial experience she has attained serving as an executive officer of other public and private companies, regulatory knowledge and expertise attained through her positions of responsibility in highly regulated industries, and financial literacy and expertise attained in her service as a financial executive.
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Deborah Majoras

Independent Director

Ms. Deborah Platt Majoras is Independent Director of Valero Energy Corp. Ms. Majoras has been Chief Legal Officer and Secretary of The Procter & Gamble Company (P&G) (NYSE: PG) since 2010. She joined P&G in 2008 as Senior Vice President and General Counsel. Previously she served as Chair of the Federal Trade Commission from 2004 until 2008. From 2001 to 2004, Ms. Majoras was Deputy Assistant Attorney General in the U.S. Department of Justice, Antitrust Division. Ms. Majoras joined the law firm of Jones Day in 1991, where she became a partner in 1999. Ms. Majoras serves on the boards of The Christ Hospital Health Network, the Cincinnati Legal Aid Society, the Association of General Counsel, Westminster College, and the Leadership Council on Legal Diversity. Ms. Majoras’s pertinent experience, qualifications, attributes, and skills include regulatory knowledge and expertise attained through her positions with the federal government; expertise in legal matters, leadership, and management skills attained while acting as an officer of a major U.S. publicly traded corporation and a partner with Jones Day; and leadership and management skills attained while serving as director or trustee of numerous non-profit organizations and a member of Valero’s Board since 2012.
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Donald Nickles

Independent Director

Senator Donald L. Nickles is Independent Director of Valero Energy Corp. Senator Nickles retired as U.S. Senator from Oklahoma in 2005 after serving in the U.S. Senate for 24 years. He had also served in the Oklahoma State Senate for two years. During his tenure as a U.S. Senator, he was Assistant Republican Leader for six years, Chairman of the Republican Senatorial Committee, and Chairman of the Republican Policy Committee. He served as Chairman of the Budget Committee and as a member of the Finance and Energy and Natural Resources Committees. In 2005, he formed and is the Chairman and Chief Executive Officer of The Nickles Group, a Washington-based consulting and business venture firm. Senator Nickles also serves on the Board of Trustees of Washington Mutual Investors Fund (AWSHX). He has served as a director of Valero since 2005. His pertinent experience, qualifications, attributes, and skills include extensive political, legislative and regulatory knowledge and expertise attained through his years of service as a U.S. Senator; the experience attained through his service on the boards of other public companies; the knowledge and experience he has attained from serving as founder and chief executive officer of a consulting and business venture firm; and the knowledge and experience he has attained through his service on Valero’s Board.
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Philip Pfeiffer

Independent Director

Mr. Philip J. Pfeiffer is Independent Director of Valero Energy Corp. Mr. Pfeiffer is Of Counsel in the San Antonio office of Norton Rose Fulbright LLP, where he was Partner-in-Charge for 25 years and led the office’s labor and employment practice. Through his 47-year career with the firm, Mr. Pfeiffer assisted employers in traditional management–union matters, complex civil rights matters, employment discrimination cases, affirmative action compliance, employment torts, alternative dispute resolution, employment contracts, and ERISA litigation. He is a director and past Chair of the Board of Southwest Research Institute, a non-profit contract research corporation based in San Antonio, Texas. He serves or has served on the boards of many other non-profit organizations including the United Way of San Antonio and Bexar County, St. Mary’s University, San Antonio Medical Foundation, Texas Research and Technology Foundation, The Children’s Hospital of San Antonio Foundation, Alamo Area Council of Boy Scouts, and the Cancer Therapy and Research Center. Mr. Pfeiffer’s pertinent experience, qualifications, attributes, and skills include expertise in legal matters, including labor and employment issues, leadership and management skills attained while acting as Partner-in-Charge of a law office, and serving as chairman, director, or trustee of numerous non-profit organizations and his service on Valero’s Board.
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Susan Purcell

Independent Director

Dr. Susan Kaufman Purcell is Independent Director of Valero Energy Corp. Dr. Purcell recently retired as Director of the Center for Hemispheric Policy at the University of Miami, a position she held since 2005. The Center examines political, economic, financial, trade, and security issues in Latin America, as well as U.S.-Latin America relations. She previously served as Vice President of the Council of the Americas, a non-profit business organization of mainly Fortune 500 companies with investments in Latin America, and of the Americas Society, a non-profit educational institution, both in New York City. She also was a member of the U.S. Department of State’s Policy Planning Staff. Dr. Purcell has been a director of Valero since 1997, and served as a director of its former parent company from 1994–1997. Dr. Purcell’s pertinent experience, qualifications, attributes, and skills include: economic, political and international relations expertise attained through her experience with the University of Miami, the Council of Americas, the Americas Society, and the U.S. Dept. of State; a Ph.D in political science; financial literacy and experience attained through her service on the boards and audit committees of several closed-end mutual funds; and the knowledge and experience she has attained through her service on Valero’s Board.
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Stephen Waters

Independent Director

Mr. Stephen M. Waters is Independent Director of Valero Energy Corp. Mr. Waters has been the managing partner of Compass Partners Advisers LLP (Compass Partners) and its predecessor partnerships since 1996 and was the Chief Executive of Compass Partners European Equity Fund from 2005 to 2013. From 1988 to 1996, he served in several capacities at Morgan Stanley, including Co-Head of the Mergers and Acquisitions department from 1990 to 1992, Co-Chief Executive Officer of Morgan Stanley Europe from 1992 to 1996, and as a member of its worldwide Firm Operating Committee from 1992 to 1996. From 1974 to 1988, he was with Lehman Brothers, co-founding the Mergers and Acquisitions department in 1977, becoming a partner in 1980, and serving as Co-Head of the Mergers and Acquisitions department from 1985 to 1988. Mr. Waters is also Chairman of Boston Private Financial Holdings. His pertinent experience, qualifications, attributes, and skills include: financial literacy and expertise, capital markets expertise, and managerial experience gained through his mergers and acquisitions experience and leadership roles with investment banking firms, Lehman Brothers, Morgan Stanley, and Compass Partners; and the knowledge and experience he has attained through his service on Valero’s Board since 2008 and on other public company boards.
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Randall Weisenburger

Independent Director

Mr. Randall J. Weisenburger is Independent Director of Valero Energy Corp. Mr. Weisenburger is the managing member of Mile26 Capital, LLC, a hedge fund based in Greenwich, Connecticut. He served as Executive Vice President and Chief Financial Officer of Omnicom Group Inc. (NYSE: OMC) from 1998 until September 2014. Prior to joining Omnicom, he was a founding member of Wasserstein Perella and a former member of First Boston Corporation. At Wasserstein Perella, Mr. Weisenburger specialized in private equity investing and leveraged acquisitions, and in 1993, he became President and CEO of the firm’s private equity subsidiary. His other corporate board service includes Carnival Corporation and Carnival plc (NYSE: CCL) and Acosta Sales and Marketing (privately held). He is a member of the Board of Overseers for the Wharton School of Business at the University of Pennsylvania. His pertinent experience, qualifications, attributes, and skills include financial literacy and expertise, capital markets expertise, managerial experience he has attained serving as an executive officer of other public companies, and the experience he has attained from service on Valero’s Board since 2011 and on other public company boards.
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Rayford Wilkins

Independent Director

Mr. Rayford Wilkins Jr., is Independent Director of Valero Energy Corp. Mr. Wilkins previously served as CEO of Diversified Businesses of AT&T Inc. (NYSE: T), where he was responsible for international investments, AT&T Interactive, AT&T Advertising Solutions, customer information services, and the consumer wireless initiative in India. He retired from AT&T at the end of March 2012. Mr. Wilkins held several other leadership positions at AT&T and its predecessor companies, including Group President and CEO of SBC Enterprise Business Services and President and CEO of SBC Pacific Bell. He also serves on the board of Morgan Stanley (NYSE: MS) and the Advisory Council of the McCombs School of Business at the University of Texas at Austin. His pertinent experience, qualifications, attributes, and skills include managerial experience he has attained serving as an executive officer of other public companies, international business acumen he has attained from his responsibilities as executive officer and director for international business concerns, and the experience he has attained from service on Valero’s Board since 2011 and on other public company boards.

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OilGasSX reserves the right at any time and from time to time to modify or discontinue, temporarily or permanently, the Service (or any part thereof) with or without notice. The user of the OilGasSX website agrees that OilGasSX shall not be liable to the user of the OilGasSX website or to any third party for any modification, suspension or discontinuance of the Service.

  1. TERMINATION

The user of the OilGasSX website agrees that OilGasSX, in its sole discretion, may terminate the password, account (or any part thereof) of the user of the OilGasSX website or the use of the Service, and remove and discard any Content within the Service, for any reason, including, without limitation, for lack of use or if OilGasSX believes that the user of the OilGasSX website has violated or acted inconsistently with the letter or spirit of the TOS or the OilGasSX Acceptable Use Policy. OilGasSX may also in its sole discretion and at any time discontinue providing the Service, or any part thereof, with or without notice. The user of the OilGasSX website agrees that any termination of the user's access to the Service under any provision of this TOS may be effected without prior notice, and acknowledges and agrees that OilGasSX may immediately deactivate or delete the user's account and all related information and files in the user's account and/or bar any further access to such files or the Service. Further, the user of the OilGasSX website agrees that OilGasSX shall not be liable to the user of the OilGasSX website or any third-party for any termination of its access to the Service.

  1. DEALINGS WITH ADVERTISERS

The correspondence or business dealings, or participation in promotions of, advertisers found on or through the Service by the user of the OilGasSX website, including payment and delivery of related goods or services, and any other terms, conditions, warranties or representations associated with such dealings, are solely between the user of the OilGasSX website and such business, promoter or advertiser. The user of the OilGasSX website agrees that OilGasSX shall not be responsible or liable for any loss or damage of any sort incurred as the result of any such dealings or as the result of the presence of such businesses, promoters or advertisers on the Service.

  1. LINKS

The Service may provide, or third parties may provide, links to other World Wide Web sites or resources. Because OilGasSX has no control over such sites and resources, the user of the OilGasSX website acknowledges and agrees that OilGasSX is not responsible for the availability of such external sites or resources, and does not endorse and is not responsible or liable for any Content, advertising, products, or other materials on or available from such sites or resources. The user of the OilGasSX website further acknowledges and agrees that OilGasSX shall not be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any such Content, goods or services available on or through any such site or resource.

  1. OilGasSX'S PROPRIETARY RIGHTS

The user of the OilGasSX website acknowledges and agrees that the Service and any necessary software used in connection with the Service ("Software") contain proprietary and confidential information that is protected by applicable intellectual property and other laws. The user of the OilGasSX website further acknowledges and agrees that Content contained in sponsor advertisements or information presented to the user of the OilGasSX website through the Service or advertisers is protected by copyrights, trademarks, service marks, patents or other proprietary rights and laws. Except as expressly authorized by OilGasSX or advertisers, the user of the OilGasSX website agrees not to modify, rent, lease, loan, sell, distribute or create derivative works based on the Service or the Software, in whole or in part.

OilGasSX grants the user of the OilGasSX website a personal, non-transferable and non-exclusive right and license to use the Service; provided that the user of the OilGasSX website does not (and does not allow any third party to) copy, modify, create a derivative work of, reverse engineer, reverse assemble or otherwise attempt to discover any source code, sell, assign, sublicense, grant a security interest in or otherwise transfer any right in the OilGasSX website, the Software or the Content. The user of the OilGasSX website agrees not to modify the Software in any manner or form, or to use modified versions of OilGasSX website, the Software or the Content, including (without limitation) for the purpose of obtaining unauthorized access to the Service. The user of the OilGasSX website agrees not to access the Service by any means other than through the interface that is provided by OilGasSX for use in accessing the Service.

  1. DISCLAIMER OF WARRANTIES

The user of the OilGasSX website expressly understands and agrees that:

  1. Its use of the Service is at its sole risk. The Service is provided on an "AS IS" and "AS AVAILABLE" basis. OilGasSX expressly disclaims all warranties of any kind, whether express or implied, including, but not limited to the implied warranties of merchantability, fitness for a particular purpose and non-infringement.
  2. OilGasSX makes no warranty that (i) the service will meet the requirements of the user of the OilGasSX website, (ii) the Service will be uninterrupted, timely, secure, or error-free, (iii) the results that may be obtained from the use of the Service will be accurate or reliable, (iv) the quality of any products, services, information, or other material purchased or obtained by the user of the OilGasSX website through the service will meet its expectations, and (v) any errors in the Software will be corrected.
  3. Any material downloaded or otherwise obtained through the use of the Service is done at the sole discretion and risk of the user of the OilGasSX website and that it will be solely responsible for any damage to its computer system or loss of data that results from the download of any such material.
  4. No advice or information, whether oral or written, obtained by the user of the OilGasSX website from OilGasSX or through or from the Service shall create any warranty not expressly stated in the TOS.
  5. It waives any claims it now has, or in the future may have, which gives or provides the user of the OilGasSX with any cause of action whatsoever.
  6. Notwithstanding any other provisions herein, user of the OilGasSX acknowledges that neither the OilGasSX or its Contributors, nor their affiliates or representatives shall be liable to the user of the OilGasSX, for special, incidental or consequential, special, direct or indirect damages arising directly or indirectly from any occurrence whatsoever (including without limitation loss of profits, loss of business opportunity, loss of property, of any nature whatsoever), whether or not such damages were foreseeable by the OilGasSX or its Contributors or any one of them was advised of the possibility of such damages and whether otherwise arising from any contractual, tortious acts or omissions of either party or of their respective affiliates or representatives, and whether or not it had any knowledge, actual or constructive, that such damages might be incurred for having relied on the material, information, data or the Content presented or forming part of any of the OilGasSX website, to make personal, medical, legal, tax, accounting, investment or financial decisions.
  7. The user of the OilGasSX accepts total responsibility for any agreement, understanding or relationship the user of the OilGasSX enters into with any of the Contributors. Further, the user of the OilGasSX understands, acknowledges and agrees that OilGasSX, in no manner whatsoever, endorses the said Contributors or whatever proposal may be presented by such Contributors and that OilGasSX shall not be held liable for any claims of any nature whatsoever arising or resulting from any thesis or proposal of any of the Contributors, or from any agreement, understanding, association, investment or relationship concluded, agreed, made or established between the user of the OilGasSX and any of the Contributors, of any type and for any reason whatsoever.
  8. The user of the OilGasSX hereby confirms that it qualifies as a sophisticated, accredited or professional investor", pursuant to all applicable legislation relating to the distribution and/or sale of securities.
  9. The user of the OilGasSX understands, acknowledges and agrees that it is its own responsibility to obtain independent legal, tax, financial, accounting, medical or other professional advice with respect to evaluating, agreeing, establishing and/or implementing any relationship or investment based on any of the material, information or strategies presented on the OilGasSX website. Further, it is highly recommended that the user of the OilGasSX take adequate time to review and evaluate whatever material or information received with whichever independent professional advisors the user of the OilGasSX deems appropriate.

The user of OilGasSX understands it must not rely on the information on this website as an alternative to legal advice from an attorney or other professional legal services provider. If the user of OilGasSX has any specific questions about any legal matter it should consult an attorney or other professional legal services provider. The user should never delay seeking legal advice, disregard legal advice, or commence or discontinue any legal action because of information on this website.

  1. LIMITATION OF LIABILITY

The user of the OilGasSX website expressly understands and agrees that OilGasSX shall not be liable for any direct, indirect, incidental, special, consequential or exemplary damages, including but not limited to, damages for loss of profits, goodwill, use, data or other intangible losses (even if OilGasSX has been advised of the possibility of such damages), resulting from: (i) the use or the inability to use the Service; (ii) the cost of procurement of substitute goods and services resulting from any goods, data, information or services purchased or obtained or messages received or transactions entered into through or from the Service; (iii) unauthorized access to or alteration of transmissions or data of the user of the OilGasSX website; (iv) statements or conduct of any third party on the Service; (v) any agreement, understanding or relationship the user of the OilGasSX enters into with any of the Contributors or any other person or entity with whom it has been put in contact through the OilGasSX website; or (vi) any other matter relating to the Service.

  1. EXCLUSIONS AND LIMITATIONS

Some jurisdictions do not allow the exclusion of certain warranties or the limitation or exclusion of liability for incidental or consequential damages. Accordingly, some of the above limitations of sections 17 and 18 may not apply to the user of the OilGasSX website.

  1. SPECIAL ADMONITION FOR SERVICES RELATING TO FINANCIAL MATTERS

If the user of the OilGasSX website intends to create or join any service, receive or request any news, messages, alerts or other information from the Service concerning companies, stock quotes, investments or securities, it is hereby urged to read the above Sections 17 and 18 again. These Sections apply with absolute rigor to the user of the OilGasSX website. In addition, for this type of information particularly, the phrase "LET THE INVESTOR BEWARE" is paramount. The Service is provided for informational purposes only, and no Content included in the Service is intended for trading or investing purposes. OilGasSX and its service providers and suppliers shall not be responsible or liable for the accuracy, usefulness or availability of any information transmitted or made available via the Service, and shall not be responsible or liable for any strategy, trading or investment decisions made based on such information.

  1. NOTICE

Notices to the user of the OilGasSX website may be made via either e-mail, fax or regular mail. The Service may also provide notices of changes to the TOS or other matters by displaying notices or links to notices to the user of the OilGasSX website generally on the Service.

  1. TRADEMARK INFORMATION

OilGasSX, the OilGasSX logo, the OilGasSX design, and the OilGasSX stylized, trademarks and service marks, and other OilGasSX logos and product and service names are trademarks of OilGasSX (the "OilGasSX Marks"). Without OilGasSX's prior permission, the user of the OilGasSX website agrees not to display or use in any manner, the OilGasSX Marks.

  1. GENERAL INFORMATION

The TOS constitute the entire agreement between the user of the OilGasSX website and OilGasSX and govern the use of the Service by the user of the OilGasSX website, superseding any prior agreements between the user of the OilGasSX website and OilGasSX. The user of the OilGasSX website also may be subject to additional Terms and Conditions that may apply when the user of the OilGasSX website uses affiliate services, third-party content or third-party software. The TOS and the relationship between the user of the OilGasSX website and OilGasSX shall be governed by the laws in force in the United Kingdom, without regard to its conflict of law provisions. The user of the OilGasSX website and OilGasSX agree to submit to the personal and exclusive jurisdiction of the courts located within the country of Great Britain. The failure of OilGasSX to exercise or enforce any right or provision of the TOS, the OilGasSX subscription documentation Terms and Conditions or the OilGasSX Acceptable Use Policy shall not constitute a waiver of such right or provision. If any provision of the TOS, the OilGasSX subscription documentation Terms and Conditions or the OilGasSX Acceptable Use Policy is found by a court of competent jurisdiction to be invalid, the parties nevertheless agree that the court should endeavour to give effect to the parties' intentions as reflected in the provision, and the other provisions of the TOS, the OilGasSX subscription documentation Terms and Conditions and the OilGasSX Acceptable Use Policy remain in full force and effect. The user of the OilGasSX website agrees that regardless of any statute or law to the contrary, any claim or cause of action arising out of or related to use of the Service or the TOS, the OilGasSX subscription documentation Terms and Conditions and the OilGasSX Acceptable Use Policy must be filed within one (1) year after such claim or cause of action arose or be forever barred. The section titles in the TOS are for convenience only and have no legal or contractual effect.

  1. ACCEPTABLE USE

For purposes of this Acceptable Use Policy ("AUP"), a "Customer" is defined to include any organization, individual, company or other entity with which OilGasSX Bonds Ltd (OilGasSX) has entered into any agreement or contract for the supply of services, including through the OilGasSX website. A Customer shall also be responsible for the use of the OilGasSX website by any subsidiaries, affiliates, partners, Authorized Staff, suppliers, clients, or any other person gaining access to the OilGasSX website in any manner whatsoever, that directly or indirectly utilize the OilGasSX website provided to the Customer.

The Customer may only use the OilGasSX website for lawful purposes. The use of the OilGasSX website in violation of any local or international legislation or regulation is prohibited. This includes, but is not limited to, transmission of proprietary or copyright material without the consent of the owner, material legally judged to be threatening, offensive, or obscene, and third party material protected by patent, trade secret or any other type of intellectual property right, whether or not the Customer was aware of the content of the material or of the relevant law.

OilGasSX will fully co-operate with investigations of suspected criminal violations and violations of systems or network security under the leadership of law enforcement authorities.

Use of any information obtained via the OilGasSX website is at Customers' own risk. OilGasSX is not responsible for the accuracy, quality, or content of information obtained through the OilGasSX website and or services.

All OilGasSX services are for end-user use only and may not be resold to third-parties without providing end-user information to OilGasSX.

The Customer will indemnify and hold OilGasSX harmless from any claim brought by third parties alleging that use of the OilGasSX website by the Customer has infringed any applicable local or international legislation or regulation. The Customer shall defend and pay all costs, damages, awards, fees (including reasonable legal fees) and final judgments awarded against OilGasSX arising from such claims. The Customer shall immediately give OilGasSX written notice of any claim the Customer is involved with or aware of. Should the Customer fail to do so, OilGasSX may defend such claims at the Customer's sole cost.

OilGasSX will cooperate with any law enforcement authorities having jurisdiction to discourage and resist abuses of acceptable use policies. OilGasSX reserves the right to take corrective action upon notification to OilGasSX of unacceptable use by the Customer. OilGasSX reserves the right, at its discretion and without notice, to remove any material or data and to block the use of the network for one or more users.

The Customer may not circumvent user authentication or security of any host, network, or account (referred to as "cracking" or "hacking"), reverse engineer, decompile, deconstruct any programming, nor interfere with service to any user, host, or network (referred to as "denial of service attacks").

The Customer is forbidden to send e-mail to any person who does not wish to receive it. It is explicitly prohibited to send unsolicited bulk mail messages ("junk mail" or "spam") of any kind (commercial advertising, financial and investment promotions, political tracts, announcements, etc.) or to post the same or similar messages to large numbers of newsgroups (excessive cross-posting or multiple-posting, also known as "USENET spam"). A Customer caught spamming on the OilGasSX, or who persist in the mass distribution of unsolicited e-mail messages, will be dealt with immediately in accordance with this AUP.

The OilGasSX website may be used by the Customer to link into other networks worldwide and the Customer agrees to conform to the acceptable use policies of these networks. The Customer agrees, through its own operations, not to cause disturbances, outages or other problems which may affect OilGasSX's network or network based equipment, or which may adversely affect OilGasSX's ability to provide services.

OilGasSX reserves the right to prohibit activities that violate this AUP or may damage its reputation.

OilGasSX will generally not monitor private electronic mail messages sent or received by its Customers but may conduct reasonable investigation of a Customer (i) if required by law or (ii) upon reasonable suspicion of a violation of this AUP to determine if there has been a violation or (iii) when public safety may require it. OilGasSX may at all time monitor usage of the OilGasSX website electronically to determine if it is operating satisfactorily.

OilGasSX may disclose its Customers' information or information transmitted by means of its facilities (i) to comply with legal requirements or (ii) where necessary to protect OilGasSX and others from harm or (iii) where such disclosure is necessary to the proper operation of the OilGasSX website.

The Customer acknowledges that OilGasSX is unable to exercise control over the content of information passing through its facilities or carried as a result of supplying the OilGasSX website and is therefore not responsible for that content.

OilGasSX reserves the right, at its discretion and without notice, to automatically filter, disconnect and/or deny access to any Customer who violates this policy. This remedy shall also be applied when the Customer has engaged in any of the foregoing activities by using the service of another provider and, channelling such activities through an OilGasSX account, re-mailer, or otherwise through the OilGasSX website, or using an OilGasSX account as a mail drop for responses or otherwise using the services of another provider for the purpose of facilitating the foregoing activities, if such use of another party's service could reasonably be expected to adversely affect the OilGasSX website. OilGasSX reserves the right, where feasible, to implement technical mechanisms which block multiple postings as described above before they are forwarded or otherwise sent to their intended recipients.

Violation of this AUP (direct or indirect, including by a third party) entitles OilGasSX to remove immediately the offending material, establish immediate or temporary filtering, deny access, suspend or terminate one or more subscriptions to the OilGasSX website, or take any other appropriate action, as determined by OilGasSX in its sole discretion, in addition to any remedies provided by any agreement to provide access to the OilGasSX website. OilGasSX may give notice of violations but OilGasSX reserves the right to act without notice when necessary, as determined by OilGasSX in its sole discretion. Nothing in this AUP is to be construed to limit OilGasSX's actions or remedies in any way with respect to any of the foregoing activities, and OilGasSX reserves the right to take any additional actions it may deem appropriate with respect to such activities, including without limitation, taking action to recover the cost of identifying offenders and terminating their access to the OilGasSX website, and charging to cover OilGasSX's costs in the event of such termination of access or like situation. OilGasSX may co-operate with other service providers to discourage and resist abuses of acceptable use policies. OilGasSX reserves the right to take corrective action upon notification to OilGasSX of unacceptable use on other networks. The OilGasSX website may be linked to other networks world-wide and the Customer agrees to conform to the acceptable use policies of these networks. The Customer agrees, through its operations, not to cause disturbances, outages or other problems which may affect OilGasSX's or any other network or network based equipment, or which may adversely affect OilGasSX's ability to provide access to the OilGasSX website.

Nothing contained in this AUP shall be construed to limit OilGasSX's actions or remedies in any way with respect to any of the foregoing activities, and OilGasSX reserves the right to take any and all additional actions it may deem appropriate with respect to such activities, including without limitation, taking action to recover the costs and expenses of identifying offenders and removing them from the OilGasSX website, and levying cancellation charges to cover OilGasSX's costs in the event of disconnection of dedicated access for the causes outlined above. In addition, OilGasSX reserves at all times all rights and remedies available to it with respect to such activities at law or in equity.

Customer will indemnify and hold OilGasSX harmless from any claim brought by third parties relating to the Customer's use of the OilGasSX website. The Customer must defend and pay all damages and costs (including legal fees) arising from such claims. The Customer must immediately notify OilGasSX of any claim or potential claim, within the Customer's knowledge, involving the Customer related to the OilGasSX website. Failure to do so gives OilGasSX the right to defend such claims at Customer's sole cost and expense.

OilGasSX is committed to providing quality service to all of its Customers. While the AUP may appear harsh, OilGasSX believes it is necessary to ensure that it is able to provide professional, efficient, stable service within an environment of security and trust which its Customers may require and come to expect from an organization such as OilGasSX.

This AUP is subject to change. Please contact us with any questions regarding the policy or to report a breach of AUP.

OUR PRIVACY POLICY

OilGasSX Limited ("We") are committed to protecting and respecting your privacy.

This policy (together with our Terms and Conditions sets out the basis on which any personal data we collect from you, or that you provide to us, will be processed by us. Please read the following carefully as this privacy policy explains what happens to any personal data that you provide to us, or that we collect from you whilst you visit our site.

We do update this policy from time to time so please do review this policy regularly.

Information we collect

We may collect and process the following data about you:

IP Addresses

We may collect information about your computer, including where available your IP address, operating system and browser type, for system administration and to report aggregate information to our advertisers. This is statistical data about our users' browsing actions and patterns, and does not identify any individual.

Cookies

Our website uses cookies to distinguish you from other users of our website. This helps us to provide you with a good experience when you browse our website and also allows us to improve our site.  Certain areas of the website such as member areas are not accessible if cookies are disabled.

Storing Your Personal Data

In operating our website, it may become necessary to transfer data that we collect from you to locations outside of the European Union for processing and storing. By providing your personal data to us, you agree to this transfer, storing or processing. We do our upmost to ensure that all reasonable steps are taken to make sure that your data is treated stored securely.

Unfortunately, the sending of information via the internet is not totally secure and on occasion such information can be intercepted. We cannot guarantee the security of data that you choose to send us electronically, sending such information is entirely at your own risk.

Uses made of the information

We use information held about you in the following ways:

Disclosure of your information

We may disclose your personal information to any member of our group, which means our subsidiaries, our ultimate holding company and its subsidiaries, as defined in section 1159 of the UK Companies Act 2006.

We may disclose your personal information to third parties.

In the event that we sell or buy any business or assets, in which case we may disclose your personal data to the prospective seller or buyer of such business or assets.
 

If OilGasSX Limited or substantially all of its assets are acquired by a third party, in which case personal data held by it about its customers will be one of the transferred assets.

If we are under a duty to disclose or share your personal data in order to comply with any legal obligation, or in order to enforce or apply our terms of use or to protect the rights, property, or safety of our customers, or others. This includes exchanging information with other companies and organisations for the purposes of fraud protection and credit risk reduction.

Your rights

You have the right to ask us not to process your personal data for marketing purposes. We will usually inform you (before collecting your data) if we intend to use your data for such purposes or if we intend to disclose your information to any third party for such purposes. You can exercise your right to prevent such processing by checking certain boxes on the forms we use to collect your data.

Our site may, from time to time, contain links to and from the websites of our partner networks, advertisers and affiliates. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.

Access to information

The Data Protection Act 1998 Act (the “Act”) gives you the right to access information held about you. Your right of access can be exercised in accordance with the Act. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.

Changes to our privacy policy

Any changes we may make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.

Contacting Us

Please do not hesitate to contact us regarding any matter relating to this privacy policy.

OilGasSX - Regulated Disclaimer

OilGasSX (“OGSX”) allows securities to be listed via The Startup Stock Exchange ("SSX”), under a Joint Venture Agreement (“JV”) between the parties. SSX provides securities exchange related services, such as Brokerage and Listing Advisory, enabling the owners of startups and small businesses to attract qualified global investors to buy shares of their companies on a public stock exchange, the Dutch Caribbean Securities Exchange N.V. ("DCSX"), thereby providing access to a regulated and transparent marketplace for all participants.

SSX Advisors Corp is a licensed Listing Advisor and SSX Brokers NV is a licensed broker, of the Dutch Caribbean Securities Exchange N.V. The DCSX is a self-regulating securities exchange, located on Curacao, licensed by the Ministry of Finance and supervised by the Central Bank of Curacao and St. Maarten.

Investing in startups involves very high risks and it should be done only as part of a diversified investment portfolio. OGSX is targeted solely at investors and companies who are sophisticated enough to understand the high risks of startup investments and make their own decisions.

OGSX has both a quotation service and a listing service. If a company is denoted as ‘Quoted” it means the data presented is for information purposes only. It does not host a listing on the platform and has not been approved by our external listing committee. In some cases the quoted companies may be listed on another recognised stock exchanges globally and in this case it will be made apparent.

OGSX hosts companies conducting an IPO and also shows companies under review. We have no restrictions on contacting these companies as a result of information found on our site and in such a case no liability for any resulting transaction will be the responsibility of OGSX.

OGSX has acquired IP to internally conduct AML (Anti Money Laundering) and KYC (Know Your Client) procedures fully vetted and approved by our regulating Central Bank. This activity must be overseen and approved in each case by an authorised AML officer.

OilGasSX Limited is a UK registered Limited Liability company. It does not have any regulation inside the UK as it provides services outside the Financial Services Act. OGSX is a FinTech solution for a sector based Stock Exchange regulated by its partners via the DCSX. The OGSX platform is a fully automated trading system complete with company on-boarding systems, electronic trade matching, clearance and settlement as well as Investor and researcher portals.

OGSX collects huge quantities of raw and unique data within the medical marijuana sector. It uses this inside smart algorithms to provide key and vital data to all parties in a fully transparent structure. All data is obtained from reliable and independent sources.

All trading conducted on OGSX will be via SSX Brokers NV. A brokerage account with SSX is required in order to trade. Applications to open accounts will be available in Q4 2017.