The new multi-year agreement which begins in 2023 will continue its long-standing agreements with Team Penske in NASCAR as well as expand and enter new business and technical relationships with Penske, the IndyCar Series and Indianapolis Motor Speedway.
First, Shell-Pennzoil will continue its sponsorship in the NASCAR Cup Series of driver Joey Logano and his No. 22 Ford, serving as primary sponsor for 30-plus races for the next several seasons.
“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 current driving contract ends at the end of the 2023 season but team owner Roger Penske said a contract extension for Logano which will likely mirror the Shell contract should come “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.”
The second-biggest part of the Shell deal – and a new component – is beginning in 2023, Shell will become the official fuel of the IndyCar Series.
Since 2019, Speedway LLC, a subsidiary of Marathon Petroleum Corp., has been the official fuel and official convenience store chain of the IndyCar Series, IMS and the Indianapolis…
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