Team Penske, including race car drivers Joey Logano and Helio Catroneves, prior to the Daytona 500
Shell and Penske will keep their relationship going after announcing a multi-year continuation of their business, technical and motorsport alliance.
Shall and Penzoil will continue sponsoring Team Penske in the Monster Energy NASCAR Cup Series and the Verizon Indycar Series through at least the 2022 season. Both will continue to be the preferred suppliers of fuels, lubricants and other products to Penske.
“Transportation and technology are what keep the world moving. Our alliance with Penske spans most of our downstream businesses and allows us to use the motorsport arena to test and develop more advanced products for the road,” said Bruce Culpepper, president of Shell Oil Company. “Penske runs one of the most successful transportation businesses in the world and has a presence in many key countries with Shell operations. This alliance simply makes good business sense as we now do business together in the U.S., Canada, Germany, UK, Italy and Australia.”
Shell and Pennzoil first started their relationship with Team Penske in 2011. Pennzoil first aligned with Team Penske as part of its IndyCar program in 1983 and won two Indianapolis 500s, the first in 1984 and the other in 1988.
“Team Penske has enjoyed great success with Shell, both on and off the race track, and we are excited to build on our relationship well into the next decade with our teams, both in the Monster Energy NASCAR Cup Series and the Verizon IndyCar Series,” said Roger Penske, founder and chairman at Penske Corporation.