Shell and Pennzoil Extend Alliance With Penske Corporation
MOORESVILLE, N.C., Jan. 23, 2013
MOORESVILLE, N.C., Jan. 23, 2013 /PRNewswire/ -- Penske Corporation and Shell
confirmed today a multi-year extension of their ongoing alliance in North
America. As part of the agreement, Shell and Pennzoil will continue sponsoring
Penske Racing entries in the NASCAR Sprint Cup Series and the IZOD IndyCar
Series as well as continue to be the preferred supplier of fuels, lubricants
and related products to the Penske organization.
"Technological leadership drives us forward. The knowledge we gain, on and off
the track, supports strong product development," said Marvin Odum, President
of Shell Oil Company. "This alliance, with Penske as one of the world's most
successful transportation businesses, allows us to expand within motorsports
and other businesses."
"We are very proud of the ongoing alliance that has continued to grow between
our Penske Corporation companies and Shell and Pennzoil," said Roger Penske.
"This is a relationship that has been strengthened at the racetrack and well
beyond. We look forward to working with Shell and Pennzoil for many more years
as we continue to build on our success together."
As part of the agreement, Pennzoil will continue to be the "Official Motor
Oil" of Penske Racing. Shell and Pennzoil will continue to be the primary
sponsor of the Penske Racing No. 22 car for 33 races in the NASCAR Sprint Cup
Series. Proven race-winning driver Joey Logano joins the team this season
racing the distinctive Shell-Pennzoil Ford Fusion beginning in 2013.
For the third-consecutive season, three-time Indianapolis 500 winner Helio
Castroneves will continue to represent the Shell and Pennzoil premium brands
in 2013. Castroneves will drive the No. 3 Shell V-Power Pennzoil Ultra IndyCar
at the Indianapolis 500 on May 26 as well as at the inaugural Shell and
Pennzoil Grand Prix of Houston series doubleheader, October 5-6. Shell and
Pennzoil will also be associate sponsors on all Penske Racing cars competing
throughout the season in the NASCAR Sprint Cup and Nationwide Series as well
as the IZOD IndyCar Series.
This partnership is an extension of the Shell and Pennzoil racing legacy.
Pennzoil first aligned with Penske Racing as part of its IndyCar teams in 1983
and won the 1984 and 1988 Indianapolis 500-mile Races with driver Rick Mears.
About Shell and Pennzoil
Shell is a global group of energy and petrochemical companies with 90,000
employees in more than 80 countries. In the U.S., Shell operates in 50 states
and employs more than 20,000 people using technology and innovation 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 gasoline and premium gasoline brand[i] and Pennzoil®, the most trusted
motor oil brand in America[ii].
Shell motorsports technical alliances around the world provide a testing
ground for fuel and lubricant technologies and products in demanding road
conditions. Pennzoil works with each team throughout each race season to test
motor oils in the harshest racing environments to gain insight and develop
technology that can be used both on-track and in consumers' vehicles. The
knowledge Shell gains through these and other alliances help address
tomorrow's world mobility energy challenge with efficient solutions that power
and protect motorists around the globe.
[i] Source: NPD Motor Fuels Index December 2005 – 2011.
[ii] Based on a survey of licensed drivers conducted by a leading research
firm January 2005 – December 2011.
About Penske Racing
Penske Racing is one of the most successful teams in the history of
professional sports. Competing in a variety of disciplines, cars owned and
prepared by Penske Racing have produced 364 major race wins, 423 pole
positions and 24 National Championships, including the 2012 NASCAR Sprint Cup
Series title. The team has also earned a record 15 Indianapolis 500 victories
in its storied history. For more information about Penske Racing, please visit
The companies in which Royal Dutch Shell plc directly and indirectly owns
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group" and "Royal Dutch Shell" are sometimes used for convenience where
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Dutch Shell either directly or indirectly has control, by having either a
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entities are also referred to as "equity-accounted investments". The term
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indirect (for example, through our 23% shareholding in Woodside Petroleum
Ltd.) ownership interest held by Shell in a venture, partnership or company,
after exclusion of all third-party interest.
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Contact: Jonathan Gibson, Penske Racing, +1-704-962-1307; or Kim Windon, Shell
US Media Relations, +1-713- 241-4544; or Jake Toplitt, MATTER, Inc.,
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