MVIS Global Oil Refiners Index

The MVIS Global Oil Refiners Index (MVCRAK) tracks the performance of the largest and most liquid companies in the global oil refining industry. This is a modified market cap-weighted index, and only includes companies that generate at least 50% of their revenue from refining crude oil products such as gasoline, diesel, jet fuel, fuel oil, naphtha, and other petrochemicals. Companies that market and distribute such products are included in the index as long as refining is performed in company-owned refineries. MVCRAK covers at least 90% of the investable universe.

Country and Sector Weightings

MVIS Hard Assets Indices are pure-play indices. Companies must generate at least 50% of their revenues in the target area of a certain index to be eligible for index inclusion. Country weightings are based on the weightings of all index components in a certain country.

CountryComponentsWeight
United States5 27.07%
Austria1 4.34%
Finland1 6.31%
Greece1 1.20%
Hungary1 4.37%
Poland2 5.69%
Portugal1 4.47%
Turkey1 2.06%
Australia1 4.42%
Japan3 11.74%
South Korea3 9.89%
New Zealand1 1.42%
Taiwan1 4.78%
Thailand2 4.16%
India1 8.08%
Total25 100.00%
SectorComponentsWeight
Energy24 97.61%
Industrials1 2.39%
Total25 100.00%

Size Weightings

  • Large-Cap: companies with a market capitalisation above 6,000 mln USD
  • Mid-Cap: companies with a market capitalisation from 1,500 mln to 6,000 mln USD
  • Small-Cap: companies with a market capitalisation from 200 mln to 1,500 mln USD
  • Micro-Cap: companies with a market capitalisation up to 200 mln USD
SizeMarket CapComponentsWeight
Large-Cap451,299,961,100 USD14 76.21%
Mid-Cap28,086,346,300 USD9 21.29%
Small-Cap2,390,196,500 USD2 2.49%
Micro-Cap---
Total481,776,503,900 USD25 100.00%
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