Shell and Pennzoil Extend Alliance With Penske Corporation

          Shell and Pennzoil Extend Alliance With Penske Corporation

PR Newswire

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.

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"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
www.penskeracing.com.

Cautionary Note

The companies in which Royal Dutch Shell plc directly and indirectly owns
investments are separate entities. In this press release "Shell", "Shell
group" and "Royal Dutch Shell" are sometimes used for convenience where
references are made to Royal Dutch Shell plc and its subsidiaries in general.
Likewise, the words "we", "us" and "our" are also used to refer to
subsidiaries in general or to those who work for them. These expressions are
also used where no useful purpose is served by identifying the particular
company or companies. ''Subsidiaries'', "Shell subsidiaries" and "Shell
companies" as used in this press release refer to companies in which Royal
Dutch Shell either directly or indirectly has control, by having either a
majority of the voting rights or the right to exercise a controlling
influence. The companies in which Shell has significant influence but not
control are referred to as "associated companies" or "associates" and
companies in which Shell has joint control are referred to as "jointly
controlled entities". In this press release, associates and jointly controlled
entities are also referred to as "equity-accounted investments". The term
"Shell interest" is used for convenience to indicate the direct and/or
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.

This press release contains forward-looking statements concerning the
financial condition, results of operations and businesses of Royal Dutch
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 Royal Dutch 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 ''anticipate'', ''believe'',
''could'', ''estimate'', ''expect'', ''goals'', ''intend'', ''may'',
''objectives'', ''outlook'', ''plan'', ''probably'', ''project'', ''risks'',
''seek'', ''should'', ''target'', ''will'' and similar terms and phrases.
There are a number of factors that could affect the future operations of Royal
Dutch Shell and could cause those results to differ materially from those
expressed in the forward-looking statements included in this press 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, 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; and (m) changes in trading conditions. All forward-looking
statements contained in this press 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 factors that may affect future results are contained in
Royal Dutch Shell's 20-F for the year ended December 31, 2011 (available at
www.shell.com/investor and www.sec.gov). These factors also should be
considered by the reader. Each forward-looking statement speaks only as of
the date of this press release, January 23, 2013. Neither Royal Dutch Shell
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 press release.

SOURCE Shell

Website: http://www.shell.com
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.,
+1-312-233-1327