Yes this particular grease is red.

is this what is considered an open gear grease?

Not really. It is stringy and tacky but will probably not hold up to open gear applications. Open gear greases are usually black, tacky, made with asphalt and contain solids like moly or graphite. I would recommend our Carter Open Gear Grease. It is also on Amazon. Comes in cartons of 20 tubes.

Can you use this grease for driveline u joints ?

CHEVRON ULTRA-DUTY GREASE EP NLGI 0, 1, 2 PRODUCT DESCRIPTION Chevron Ultra-Duty Greases EP are versatile, high pressure greases with good adhesive properties designed for a wide variety of automotive and industrial applications. CUSTOMER BENEFITS Chevron Ultra-Duty Greases EP deliver value through: • Shock load protection • Load-carrying protection • Corrosion and rust protection • Water resistant • Maximum service lubrication FEATURES Chevron Ultra-Duty Greases EP are versatile, high pressure greases with good adhesive properties designed for a wide variety of automotive and industrial applications. They are manufactured using selected highly refined, high viscosity base oils, a lithium-12 hydroxystearate thickener, rust and oxidation inhibitors, and extreme pressure and tackiness additives. They are red in color and stringy in texture. Chevron Ultra-Duty Greases EP provide thicker shock- absorbing oil film protection and greater water resistance than conventional multipurpose greases due to their high viscosity components. The high viscosity components and tackiness additive give Chevron Ultra-Duty Greases EP an excellent adhesive quality which provides a tenacious lubricating film in working parts. The lubricants stay in place under abrasive operating conditions to resist water washout and shock load wear. The tackiness characteristics of Chevron Ultra-Duty Greases EP make these products somewhat harder to pump than the historical soft, buttery greases. For this reason, we recommend the use of a heavy follower plate with air-driven grease pumps. Chevron Ultra-Duty Greases EP lubricate well at low temperatures. The ASTM D1478 low temperature torque test shows that they retain their lubricating capacity, as defined by military specification MIL-G-81322, down to about -26°C (-15°F). APPLICATIONS Chevron Ultra-Duty Greases EP are recommended for use in automotive and industrial equipment operating under most conditions except where very high operating temperatures are encountered. Typical applications are: mining equipment, construction equipment, material handling equipment, marine deck equipment, marine deck cranes, oil field equipment, offshore drilling equipment, paper machines, dredging equipment, logging equipment, rock quarry equipment, etc., operating in water, mud, or dusty conditions. Chevron Ultra-Duty Greases EP will help provide the needed shock load and rust protection and, best of all, they stay put which means less frequent regreasing. They are not Chevron’s primary recommendation for high temperature wheel bearings. Delo® Greases EP or Black Pearl® Greases EP are preferred for wheel bearing applications. In industrial service, Chevron Ultra-Duty Greases EP are recommended for use in most types of plain and antifriction bearings from 1-1/2 inch OD to over 16 inch OD, operating at speeds from 50 to 3000 rpm, as well as slides, gears, ways, etc. Product(s) manufactured in the USA. Always confirm that the product selected is consistent with the original equipment manufacturer's recommendation for the equipment operating conditions and customer's maintenance practices

Does this have at least 3% moly?

No. For Chevron Moly grease, please see this product: https://www.amazon.com/Chevron-223407642-Delo-Moly-Pack/dp/B018S2MN2O/ref=sr_1_2?ie=UTF8&qid=1528290350&sr=8-2&keywords=CHEVRON%2BDELO%2BMOLY&th=1