Shell and Pennzoil extend alliance with Penske Corporation

Thursday, Jan 24, 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].

Source:  Shell

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