Shell and Penske Extend Long Standing Relationship in Motorsports
May 26, 2022
Equilon Enterprises LLC (d/b/a Shell Oil Products US) and Pennzoil-Quaker State Company announced a multi-year extension and expansion of their Sponsorship Agreement with Team Penske, the NTT IndyCar Series and Indianapolis Motor Speedway (IMS).
Building on a longtime business relationship and technical alliance
Building on a longtime business relationship and technical alliance that began in motorsports and has extended well beyond the track, the agreement will feature some exciting new opportunities between industry-leading organizations, beginning in 2023.
The agreement includes engagement across the Team Penske and Penske Entertainment platforms:
- Beginning in 2023, Shell will become the Official Fuel of the NTT INDYCAR SERIES. Additional details regarding the Official Fuel designation will be announced soon.
- Shell-Pennzoil will continue its sponsorship of Team Penske’s winning NASCAR and INDYCAR programs, including 30-plus races as a primary sponsor on the No. 22 Shell-Pennzoil Ford Mustang driven by 2018 NASCAR Cup Series Champion Joey Logano.
- Pennzoil will continue to serve as the "Official Supplier of Lubricants" for Team Penske.
- Shell and Pennzoil will also be primary sponsors for two of Team Penske’s entries in the Indianapolis 500 mile race. Two-time NTT INDYCAR SERIES champion Josef Newgarden will race the No. 2 Shell V-Power Chevrolet and Scott McLaughlin will compete in the No. 3 Pennzoil Chevy at Indianapolis.
- Pennzoil will extend its sponsorship as the Official Motor Oil and Lubricant Supplier of the Indianapolis Motor Speedway, INDYCAR and the NTT INDYCAR SERIES.
- Pennzoil will continue to sponsor the Pennzoil 150 at the Brickyard NASCAR XFINITY Series race at IMS in July.
- Shell and Pennzoil will continue to serve as the preferred fuel and lubricant supplier for Penske Transportation Solutions and Penske Automotive Group.
“We are proud of the global business relationship with Shell and Pennzoil that extends across our Penske companies. Over the years, we have experienced great success together on the track and the relationship has evolved to include our transportation business operations all over the world. Our teams are also working with Shell and Pennzoil on product development and multiple sustainability initiatives to help keep us focused on the future.”- Roger Penske, Founder and Chairman of Penske Corporation
“For more than 100 years, Shell has been forging long-lasting relationships that extend beyond the brand and products the company produces,” said Steve Reindl, President, Shell Lubricants Americas. “Our relationship with Penske continues to evolve, both commercially and in motorsport, giving Shell and Penske a vast platform to pursue our respective sustainability and decarbonization goals.”
Shell-Pennzoil and Team Penske reunited in 2011, building on a racing legacy that was established in the 1980s. Pennzoil first aligned with Team Penske as a sponsor of its INDYCAR program in 1983 and won two Indianapolis 500 races (1984 & 1988) with driver Rick Mears. Together, Team Penske and Shell-Pennzoil have won 96 races together, including Logano’s recent win at Darlington Raceway, which locked him into the NASCAR Playoffs.
Pennzoil became the Official Motor Oil and Lubricant Sponsor of INDYCAR and the NTT INDYCAR SERIES in 2021 and has continued to expand the relationship, including today’s announcement of Shell becoming the Official Fuel of INDYCAR and the NTT INDYCAR SERIES beginning in 2023.
“This new and significant step forward in our relationship with both the Shell and Pennzoil brands is tremendous news for our entire Series, our storied venue and our legion of racing fans across the globe,” said Penske Entertainment Corp. President & CEO Mark Miles. “Shell will be a terrific fuel sponsor for INDYCAR, helping us maintain our world-class standards on track while always keeping an eye on the future. When it comes to our historic and exciting Brickyard Weekend, we know the team at Pennzoil will continue to invest in its growth and success here in Central Indiana and beyond.”
Since joining Team Penske in 2013, Logano has become one of the true stars of the NASCAR Cup Series. Logano has captured 26 Cup Series wins with the team, including the 2018 Daytona 500, and earned the NASCAR Cup Series Championship in 2018 – the second Cup Series title for Team Penske.
“Shell-Pennzoil has become one of the iconic sponsors within our sport and I’m proud of what we have accomplished together so far,” said Logano. “Since taking over the No. 22 at Team Penske, the last 10 years we have been able to celebrate in Victory Lane with many of their employees and customers over 25 times including a Cup Championship, Daytona 500 and two Pennzoil 400 wins, which have been some of the highlights so far in my racing career. The best part is, it’s an authentic relationship for me that fits my brand on track as a race car driver and supports what I represent off the track as well. It’s a privilege to be associated with Shell-Pennzoil and excited to see their continued commitment to our sport.”
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Pennzoil is Made from Natural Gas, meaning its base oil is 99.5% free of engine clogging impurities.
Shell USA explores and produces energy products - fuels, oil, natural gas, lubricants, LPG, chemicals; with major projects in the Gulf of Mexico and the Permian, with Hydrogen fuel stations in California, refineries and manufacturing in Texas and Pennsylvania.
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Shell Oil Company is an affiliate of 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 14,000 people working to help tackle the challenges of the new energy future.
For more information visit www.shell.com
Shell’s motorsports technical alliances around the world provide a testing ground for fuel and lubricant technologies and products in demanding road conditions. Shell and Pennzoil gain knowledge through these alliances to help address the mobility energy challenge with efficient solutions that power and protect motorists around the globe.
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.
Pennzoil Platinum extends the life of your engine and protects for up to 15 years or 500,000 miles guaranteed. When you choose Pennzoil synthetic 0W Carbon Neutral motor oils, you can now make a difference and reduce your emissions 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.
About Team Penske
Team Penske is one of the most successful teams in the history of professional sports. Cars owned and prepared by Team Penske have produced more than 600 major race wins, over 660 pole positions and 41 championships across open-wheel, stock car and sports car racing competition. Over the course of its 56-year history, the team has also earned 18 Indianapolis 500 victories, three Daytona 500 Championships, a Formula 1 win, victories in the 24 Hours of Daytona and the 12 Hours of Sebring, along with a win in Australia’s legendary Bathurst 1000 race. In 2022, Team Penske will compete in the NTT INDYCAR SERIES, NASCAR Cup Series and the FIA World Endurance Championship. For more information about Team Penske, please visit www.teampenske.com.
INDYCAR is the Indianapolis-based governing body for North America's premier open-wheel auto racing series, the NTT INDYCAR SERIES, and its developmental series, Indy Lights Presented by Cooper Tires. The NTT INDYCAR SERIES features an international field of the world's most versatile drivers – including reigning series champion Alex Palou, six-time series champion Scott Dixon, two-time series champion Josef Newgarden and four-time and defending Indianapolis 500 winner Helio Castroneves – who compete on superspeedways, short ovals, street circuits and permanent road courses. The 2022 season consists of 17 races in the United States and Canada and is highlighted by the historic Indianapolis 500 presented by Gainbridge. The NTT INDYCAR SERIES, Indy Lights, the Indianapolis Motor Speedway and IMS Productions are owned by Penske Entertainment Corporation, a wholly-owned subsidiary of Penske Corporation, a global transportation, automotive and motorsports leader. For more information on INDYCAR and the NTT INDYCAR SERIES, please visit www.indycar.com. For more information on Indy Lights, please visit www.indylights.com.
About Indianapolis Motor Speedway
The Indianapolis Motor Speedway, the world's largest spectator sporting facility, has been the worldwide leader in motorsports entertainment since opening in 1909. IMS will host the 106th Running of the Indianapolis 500 presented by Gainbridge on Sunday, May 29, 2022, the world's most prestigious auto race. In 2022, IMS also will host two NTT INDYCAR SERIES road races, on May 14 and July 30, and NASCAR Xfinity Series and Cup Series road races during Brickyard Weekend on July 30-31. The Racing Capital of the World also includes USAC NOS Energy Drink Midget National Championship and Intercontinental GT Challenge Powered by Pirelli/GT Challenge World Challenge America events. IMS, the NTT INDYCAR SERIES and IMS Productions are owned by Penske Entertainment Corporation, a wholly-owned subsidiary of Penske Corporation, a global transportation, automotive and motorsports leader. To purchase tickets or for more information, please visit ims.com.
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