HOUSTON, Feb. 24, 2017 /PRNewswire/ -- Shell and Penske Corporation announced today a multi-year continuation of their ongoing business, technical and motorsport alliance. As part of the agreement, Shell and Pennzoil will continue sponsoring Team Penske entries in the Monster Energy NASCAR Cup Series and the Verizon IndyCar Series through the 2022 season and beyond. Shell and Pennzoil will also continue to be the preferred supplier of fuels, lubricants and related products to the Penske organization.
"Transportation and technology are what keep the world moving. Our alliance with Penske spans most of our downstream businesses and allows us to use the motorsport arena to test and develop more advanced products for the road," said Bruce Culpepper, President of Shell Oil Company. "Penske runs one of the most successful transportation businesses in the world and has a presence in many key countries with Shell operations. This alliance simply makes good business sense as we now do business together in the U.S., Canada, Germany, UK, Italy and Australia."
Shell and Pennzoil began their current relationship with Team Penske in 2011 and is an extension of the Shell and Pennzoil racing legacy with the legendary motorsports team. Pennzoil first aligned with Team Penske as part of its IndyCar program in 1983 and won two Indianapolis 500s (1984 & 1988) with driver Rick Mears. And, since forging a renewed alliance in 2011, the partners have parlayed the alliance into unparalleled success on the racetrack, earning more wins in IndyCar than any other organization since that time and 80 total NASCAR national series victories, second most of all competing teams. Team Penske driver Joey Logano has won 15 Monster Energy NASCAR Cup Series races since joining Team Penske and Shell-Pennzoil in 2013 and delivered Shell-Pennzoil their second Daytona 500 Championship in 2015. The 26-year-old driver finished second in the series point standings last season and won the season-opening, non-points Clash event last weekend at Daytona.
"Penske Corporation is proud to continue its partnership with Shell," said Roger Penske, Founder and Chairman, Penske Corporation. "Team Penske has enjoyed great success with Shell, both on and off the race track, and we are excited to build on our relationship well into the next decade with our teams, both in the Monster Energy NASCAR Cup Series and the Verizon IndyCar Series."
In addition to the long-term partnership, Team Penske also announced today that it has come to an agreement with Logano to continue driving the No. 22 Shell-Pennzoil Ford Fusion throughout the length of the Shell-Team Penske extension, solidifying the long-term plans for the perennial championship contender.
Shell will continue to be the "Official Supplier of Lubricants" for Team Penske and the preferred fuel supplier for Penske Truck Leasing and Penske Automotive Group.
For the sixth-consecutive season, three-time Indianapolis 500 winner Helio Castroneves will continue to represent the Shell and Pennzoil brands in 2017. Castroneves will drive the No. 3 Shell V-Power NiTRO+ IndyCar at the 101st running of the Indianapolis 500 on May 28. Shell and Pennzoil will also be associate sponsors on all Team Penske cars competing in the NASCAR XFINITY Series and Verizon IndyCar Series.
For more than 100 years, Shell has had a track record of forging long-lasting relationships that go beyond the brand and become the very fabric of the people working on the products the company produces. And, for more than 50 years, Team Penske has graced the motorsport arena with more than 425 major race wins across multiple racing series, including 29 National Championships across NASCAR and IndyCar. And, like Shell, for Penske – it's more than just finding the right sponsor… it's their global business.
For more information about the Shell-Pennzoil sponsorship, visit www.shell.us/racing. For more information about Pennzoil motor oil formulations, visit www.Pennzoil.com. For more information about Team Penske, visit www.teampenske.com.
About Shell and Pennzoil
Shell Oil Company is an affiliate of the Royal Dutch Shell plc, a global group of energy and petrochemical companies with operations in more than 70 countries. In the U.S., Shell operates in 50 states and employs more than 20,000 people working to help tackle the challenges of the new energy future. The Shell downstream organization manages a portfolio of top-quality brands, including the No. 1 selling premium gasoline, Shell V-Power NiTRO+ Premium Gasoline, No. 1 selling gasoline, Shell Nitrogen Enriched Gasolines, and Pennzoil®, the most trusted motor oil brand in America.
Shell's motorsports technical alliances around the world provide a testing ground for fuel and lubricant technologies and products in demanding road conditions. The knowledge Shell and Pennzoil gain through these alliances help address tomorrow's world mobility energy challenge with efficient solutions that power and protect motorists around the globe. http://www.shell.com http://www.shell.us http://www.pennzoil.com
About Team Penske
Team Penske is one of the most successful teams in the history of professional sports and celebrated its 50th Anniversary in 2016. Cars owned and prepared by Team Penske have produced more than 440 major race wins, over 500 pole positions and 29 National Championships across open-wheel, stock car and sports car racing competition. In its storied history, the team has also earned 16 Indianapolis 500 victories, two Daytona 500 Championships, a Formula 1 win and overall victories in the 24 Hours of Daytona and the 12 Hours of Sebring. Team Penske currently competes in the Verizon IndyCar Series, the Monster Energy NASCAR Cup Series and NASCAR XFINITY Series. The team also races in the Virgin Australia Supercars Championship, in a partnership with Dick Johnson Racing, as DJR Team Penske. For more information about Team Penske, please visit www.teampenske.com.
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