Shell-Pennzoil extends sponsorship contract with Team Penske

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    Yesterday (05/16/2022), Equilon Enterprises LLC and Pennzoil-Quaker State Company announced a multi-year extension and expansion of their sponsorship agreement with Team Penske, the IndyCar Series and Indianapolis Motor Speedway. 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 the 2023 season.

The announced agreement includes engagement across the Team Penske and Penske Entertainment platforms:

• Beginning in 2023, Shell will become the Official Fuel of IndyCar. 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" race. Two-time IndyCar champion Josef Newgarden will race the No. 2 Shell V-Power Chevrolet and Scott McLaughlin will compete in the No. 3 Pennzoil Chevrolet 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 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,” said Roger Penske, the founder of Team Penske. “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.”

Joey Logano's contract with Team Penske in the No. 22 Ford Mustang will expire at the end of the 2023 season but is likely to be extended with secured sponsorship.