May
Shell/partnership Pennzoil’s with Team Penske in NASCAR has grown significantly, as has their engagement in the NTT IndyCar Series.
The new multi-year deal, which starts in 2023, will see Penske, the IndyCar Series, and Indianapolis Motor Speedway expand their long-standing NASCAR partnerships while also expanding and forging new commercial and technical collaborations.
First, Shell-Pennzoil will remain to support Joey Logano and his No. 22 Ford in the NASCAR Cup Series over the next several seasons, serving as the principal sponsor for more than 30 races.
“This is a huge announcement on so many levels,” said Logano, who has won 26 Cup races, the 2018 Daytona 500 and series championship with Penske. “If you think about the continuity on the No. 22 car and seeing the Shell/Pennzoil car on the track for so many years.
“I’m coming up on my 500th career start and I think around 350 will have Shell/Pennzoil on the car in some way shape or form. It’s something to be very proud of and it shows it’s been a great partnership.
“When something has lasted as long as it has and it’s still looking for ways to grow and continue the relationship that shows that it works on both ends of the deal and a tell-tale sign of what a true partnership is.”
Logano’s latest racing deal expires at the conclusion of the 2023 season, however team owner Roger Penske has stated that a contract renewal for Logano, which would presumably mirror the Shell contract, will be announced “shortly.”
“We have an agreement with Joey through 2023. Obviously, he and I have talked about extending it but we wanted to get the Shell contract done, which we’ve done this past week,” Penske said. “He and I are in good conversation about it and we expect to announce his extension here shortly.”
Starting in 2023, Shell will be the exclusive fuel of the IndyCar Series, the second-largest aspect of the Shell deal — and a brand-new component.
Since 2019, the IndyCar Series, IMS, and the Indianapolis 500 have used Speedway LLC, a subsidiary of Marathon Petroleum Corp., as its official fuel and convenience store network.
Speedway presently produces an E85 blend that combines 85% ethanol and 15% high-octane racing gasoline, which is used in the championship.
“From a Penske-perspective, we build our company on partnerships and the one we started way back in 1981 is not just a sponsorship, it’s a business-to-business alliance,” Penske said. “We’re doing business with Shell is many parts of the world – the U.S., Canada, Germany and also Australia.
“As we have invested in Indianapolis Motor Speedway and the IndyCar Series many of partners have wanted to be part of our journey with us and I have to say Shell has been a leader in that area.”
The revised and expanded agreement includes, among other things:
- 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. Two-time 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 and IndyCar.
- 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.
In 2011, Shell/Pennzoil and Team Penske returned, continuing a racing tradition that began in the 1980s. In 1983, Pennzoil became a sponsor of Team Penske’s IndyCar programme, and with racer Rick Mears, they won two Indianapolis 500 races (1984 and 1988).
Team Penske and Shell/Pennzoil have combined to win 96 races, notably Logano’s latest victory at Darlington (S.C.) Raceway, which qualified him for the NASCAR playoffs.
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