Yes, it meets Dexos standards, Valvoline 0W40, European, is a "full synthetic", see the FAQ excerpt below from the Valvoline site and link to the same.
"Which Valvoline motor oils meet GM standard dexos 1™ Gen 3 standard
The following Valvoline motor oils meet or exceed the requirements of GM standard dexos 1™ Gen 3: • Extended Protection Full Synthetic • Advanced Full Synthetic • Valvoline Full Synthetic"
Just because you’re not pushing your car to the limits on the German Autobahn doesn’t mean it can’t benefit from a premium motor oil. The truth is everyday driving in bumper-to-bumper, stop-and-go traffic or even making short trips to the store can have a severe effect on your engine and the car...
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