Pennzoil® and Speedway Motorsports Announce Long-Term Extension of Pennzoil 400 Entitlement at Las Vegas Motor Speedway

LAS VEGAS, Dec. 1, 2022 /PRNewswire/ -- Today, leaders from Pennzoil and Speedway Motorsports (SM) announced a long-term continuation of the Pennzoil 400 Presented by Jiffy Lube NASCAR Cup Series (NCS) race at Las Vegas Motor Speedway (LVMS). The successful entitlement that first began in 2018, will continue to headline the 1.5-mile speedway's NASCAR race in March.

"The Pennzoil 400 Presented by Jiffy Lube at Las Vegas Motor Speedway was an opportunity to build on our NASCAR heritage and start a new chapter in one of America's most popular motorsports series," said Bree Sandlin, Vice President, Shell Lubricants North America Marketing. "We're grateful for the support and collaboration from SMI and the opportunity to build long-lasting relationships within the motorsports industry, with customers, and with some of the most loyal fans in all of sports – NASCAR fans. It also doesn't hurt that two-time NASCAR Cup Series champion, Joey Logano, has won the Pennzoil 400 twice in his No. 22 Pennzoil Ford Mustang."

Over the last five years, the race has traditionally hosted one of the first four events of the year, when fans are excited to cheer on a new seasons of NASCAR racing. In addition, the Pennzoil 400 has headlined a triple-header event with the NASCAR Camping World Truck and NASCAR Xfinity Series races occurring earlier in the weekend.

"Pennzoil and its Jiffy Lube brand have been amazing partners since they first came on board for our March NASCAR Cup Series race in 2018," said LVMS President Chris Powell. "Today's announcement is a testament to the strong relationship we have formed. Pennzoil has become synonymous with our spring NASCAR weekend, and we're grateful to carry the Pennzoil name on that race for years to come."

"At Pennzoil, our purpose is to progress engine protection and performance for drivers everywhere," said Sandlin. "Las Vegas is a valued market for Pennzoil with significant brand activations around NASCAR and SEMA and in recent years the Pennzoil 400 consistently has some of the highest TV ratings and traditionally sell-out crowds, enabling our brand to have maximum exposure to race fans," added Sandlin.

• Earlier this year, the Council for Responsible Sport awarded a silver certification to the Pennzoil 400 presented by Jiffy Lube. The speedway met a set of criteria for social and environmental responsibility planning. Some examples included: reducing and offsetting their carbon footprint, upgrading track lighting to high-efficiency LED lights, repurposing signage and other equipment, and adding a geothermal system to power the infield. These efforts made the Pennzoil 400 presented by Jiffy Lube the first NASCAR event to earn this distinction – joining the ranks of major sporting events around the world, including the Waste Management Phoenix Open PGA TOUR tournament, the men's and women's NCAA basketball Final Four, and the Major League Baseball All-Star game.
• Joey Logano, driver of the No. 22 Pennzoil Ford for Team Penske, won his second NASCAR Cup Series Championship at the conclusion of the 2022 race season.
• For more information about technical partnerships between Pennzoil and motorsports teams, visit www.Pennzoil.com. To stay up to date on the latest activities, be sure to follow Pennzoil on Instagram (www.instagram.com/Pennzoil), and Twitter (www.twitter.com/Pennzoil) and 'Like' the official Pennzoil Facebook Page (www.facebook.com/Pennzoil).

At Pennzoil, we are passionate about driving the future and are relentlessly innovating to help transform the motor oil category. Pennzoil is the first synthetic motor oil made from natural gas. Base oil made from natural gas is 99.5% free from engine clogging impurities, making it purer than crude. Pennzoil Synthetic motor oil gives you unbeatable engine protection^[1]. 

Pennzoil Platinum extends the life of your engine and protects for up to 15 years or 500,000 miles guaranteed^[2]. When you choose Pennzoil synthetic 0W Carbon Neutral^[3] motor oils, you can now make a difference and reduce your emissions^[4] too. The Proof is in the Pennzoil. 

For more information about the full line of Pennzoil lubricating products, motor oils and filters, please visit www.pennzoil.com.

Jiffy Lube is the #1 national brand in the oil change industry, serving over 20 million customers each year at over 2,000 franchised service centers in North America. With the evolution of its business model, Jiffy Lube Multicare, the brand now delivers a one-stop shop for automotive maintenance services, including its signature oil change, brakes, batteries, tires and other services that consumers want and need. Headquartered in Houston, Jiffy Lube is a wholly owned, indirect subsidiary of Shell USA. Visit www.JiffyLube.com to learn more about Jiffy Lube and vehicle care.

Las Vegas Motor Speedway is a wholly owned subsidiary of Speedway Motorsports. For more information, please visit www.speedwaymotorsports.com.

To contact Shell media, please visit: https://www.shell.us/media
Las Vegas Motor Speedway, Jeff Motley +1 (702) 210-4158

The companies in which Shell plc directly and indirectly owns investments are separate legal entities. In this release, "Shell", "Shell Group" and "Group" are sometimes used for convenience where references are made to Shell plc and its subsidiaries in general. Likewise, the words "we", "us" and "our" are also used to refer to Shell plc and its subsidiaries in general or to those who work for them. These terms are also used where no useful purpose is served by identifying the particular entity or entities. ''Subsidiaries'', "Shell subsidiaries" and "Shell companies" as used in this release refer to entities over which Shell plc either directly or indirectly has control. Entities and unincorporated arrangements over which Shell has joint control are generally referred to as "joint ventures" and "joint operations", respectively. Entities over which Shell has significant influence but neither control nor joint control are referred to as "associates". The term "Shell interest" is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest.

This release contains forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and businesses of Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management's current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Shell to market risks and statements expressing management's expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as "aim", "ambition", ''anticipate'', ''believe'', ''could'', ''estimate'', ''expect'', ''goals'', ''intend'', ''may'', "milestones", ''objectives'', ''outlook'', ''plan'', ''probably'', ''project'', ''risks'', "schedule", ''seek'', ''should'', ''target'', ''will'' and similar terms and phrases. There are a number of factors that could affect the future operations of Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this release, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell's products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, judicial, fiscal and regulatory developments including regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; (m) risks associated with the impact of pandemics, such as the COVID-19 (coronavirus) outbreak; and (n) changes in trading conditions. No assurance is provided that future dividend payments will match or exceed previous dividend payments. All forward-looking statements contained in this release are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional risk factors that may affect future results are contained in Shell plc's Form 20-F for the year ended December 31, 2021 (available at www.shell.com/investor and www.sec.gov). These risk factors also expressly qualify all forward-looking statements contained in this release and should be considered by the reader. Each forward-looking statement speaks only as of the date of this release, December 1, 2022. Neither Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this release.

We may have used certain terms, such as resources, in this release that the United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC. Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website www.sec.gov.

^{[1] Based on Sequence IVA wear test using SAE 5W-30.
[2] 15 years or 500,000 miles whichever comes first, guaranteed, if you exclusively use Pennzoil Platinum® Full Synthetic motor oils. Your engine must have less than 125,000 miles and have been manufactured in the past 72 months. To maintain your warranty, change your vehicle's oil and oil filter at least as often as recommended by the vehicle manufacturer. Enrollment required. Keep your receipts. Other conditions apply. Click here to enroll and for full details and terms.
[3] The CO2e lifecycle emissions of this product have been offset with verified Nature-Based Carbon Credits.
[4] Based on Sequence VI fuel economy test using SAE 0W-20.}

SOURCE Speedway Motorsports