Shell and Pennzoil have announced a multi-year extension and expansion of their sponsorship agreement with the NTT IndyCar Series, Indianapolis Motor Speedway (IMS), and Team Penske.
Building on a longtime business relationship and technical alliance that began in motorsports and has extended well beyond the track, the agreement will feature exciting new opportunities between industry-leading organisations, beginning in 2023. The agreement includes engagement across all Penske Entertainment and Team Penske platforms.
Beginning in 2023, Shell will become the official fuel of the NTT IndyCar Series and IMS. Additional details regarding the official fuel designation for the series will be announced soon.
Shell-Pennzoil will continue its sponsorship of Team Penske’s winning IndyCar and Nascar programs.
Shell and Pennzoil also will be primary sponsors for two of Team Penske’s entries in the Indy 500.
Pennzoil will extend its sponsorship as the official motor oil and lubricant supplier of the IMS, IndyCar and the NTT IndyCar Series. Pennzoil will continue to sponsor the Pennzoil 150 at the Brickyard Nascar Xfinity Series race in July at IMS.
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, founder and chairman of Penske Corporation.
“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.”
“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 of 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 decarbonisation goals.”