Logano Captures Second NASCAR Cup Series Title in Four Years, Powered by Pennzoil Synthetic Technology

Pennzoil - Logano Championship (678)

HOUSTON, TX – November 8, 2022 – (Motor Sports NewsWire) – Joey Logano and the No. 22 Shell-Pennzoil Ford Mustang race team finished the season where they began – in victory lane. Logano, capped off the 2022 NASCAR Cup Series (NCS) season with his second championship title in four years following Sunday’s victory at Phoenix Raceway in the NASCAR Championship Race.

This was Logano’s third win at Phoenix and 31st of his career. Logano began the year by winning the Busch Light Clash in Los Angeles’ Memorial Coliseum — the first win for NASCAR’s Next Gen race car that debuted this year.

NASCAR Cup Series
#22: Joey Logano, Team Penske, Shell Pennzoil Ford Mustang, wins The Nascar 2022 Cup Series Championship.

“Just super proud of this race team, super proud of everybody on it, not just the 22 team, but everybody that puts a bunch of effort into this,” said Logano after the race. “You think of everyone at Team Penske, everyone at Roush Yates, everyone at Shell and Pennzoil and Ford and everybody that really supports us and not just them, but their families.”

Logano, who began his career in 2009 as the NCS “Rookie of the Year” is clearly building a Hall of Fame resume in NASCAR’s top division. This was Logano and the Shell-Pennzoil race team’s fifth time qualifying for the “Championship 4” since joining Team Penske in 2013 (2014, ’16, ’18, ’20, ’22). The 2022 title is Logano’s second after earning his first career NCS title following the 2018 season and the first for Shell and Pennzoil as primary sponsors.

NASCAR Cup Series
#22: Joey Logano, Team Penske, Shell Pennzoil Ford Mustang, wins The Nascar 2022 Cup Series Championship.

“What an honor to be a part of this moment in racing history. This was a fantastic way to cap off an outstanding season, and we are extremely proud of Joey, Roger Penske and the entire team,” said Steve Reindl, president, Shell Lubricants North America.  “We are grateful to be a part of a winning tradition at Team Penske, where Shell and Pennzoil play a critical role in the team’s performance. Pennzoil is not just on the hood — it’s under the hood. Through our relationship with Penske, we are using the knowledge and success from the track to develop the next generation of high-quality products for customers.”

The Pennzoil Synthetic race oil in the No. 22 car is formulated using a revolutionary process which converts pure natural gas into high quality full synthetic base oil.  In addition to blending a unique formulation for the Ford engine, Shell scientists collaborate with Team Penske engineers week to week to optimize engine performance.

NASCAR Cup Series
#22: Joey Logano, Team Penske, Shell Pennzoil Ford Mustang

“We really couldn’t do what we do, including competing for wins and championships, without the relationship we have with the scientists and everyone at Shell,” said Travis Geisler, Director of Competition at Team Penske. “When we ask to get something out of the motor oil that we put in our engines each and every week, they do whatever it takes to give us optimum performance, efficiency and reliability. It is that unique relationship that goes beyond having their name on the side of our car that makes what we do possible.”

For more information about the Shell-Pennzoil sponsorship, visit www.shell.us/racing. For more information about Pennzoil motor oil formulations, visit www.Pennzoil.com. For more information about Team Penske, visit www.teampenske.com.


Notes to editors

  • Together Shell and Pennzoil have combined with Team Penske to score hundreds of wins over the years and 99 with Shell and/or Pennzoil as primary sponsor. That’s more than any other sponsor in Team Penske’s 54-year history.
  • Logano’s title brings Team Penske a total combined 611 wins, 674 pole positions and 43 national championships. Beginning as Roger Penske Racing in 1966, competing in sports car and endurance events, Team Penske has grown into one of the most successful racing teams – and sports teams – in the world with over 100 drivers turning a lap in competition for Team Penske.
  • It was the first time Team Penske won both the NASCAR Cup Series and NTT INDYCAR SERIES championships in the same year in their 56-year history, becoming the only race team to accomplish that feat.
  • For more information about technical partnerships between Pennzoil and motorsports teams, visit www.Pennzoil.com. To stay up to date on the latest activities, be sure to follow Pennzoil on Instagram (www.instagram.com/Pennzoil), and Twitter (www.twitter.com/Pennzoil) and ‘Like’ the official Pennzoil Facebook Page (www.facebook.com/Pennzoil).

About Pennzoil

At Pennzoil, we are passionate about driving the future and are relentlessly innovating to help transform the motor oil category. Pennzoil is the first synthetic motor oil made from natural gas. Base oil made from natural gas is 99.5% free from engine clogging impurities, making it purer than crude. Pennzoil Synthetic motor oil gives you unbeatable engine protection[1].

Pennzoil Platinum extends the life of your engine and protects for up to 15 years or 500,000 miles guaranteed[2]. When you choose Pennzoil synthetic 0W Carbon Neutral[3] motor oils, you can now make a difference and reduce your emissions[4] too. The Proof is in the Pennzoil.

For more information about the full line of Pennzoil lubricating products, motor oils and filters, please visitwww.pennzoil.com. 

Enquiries

Shell Media Line, https://www.shell.us/media

Cautionary note

The companies in which Shell plc directly and indirectly owns investments are separate legal entities. In this announcement, “Shell”, “Shell Group” and “Group” are sometimes used for convenience where references are made to Shell plc and its subsidiaries in general. Likewise, the words “we”, “us” and “our” are also used to refer to Shell plc and its subsidiaries in general or to those who work for them. These terms are also used where no useful purpose is served by identifying the particular entity or entities. ‘‘Subsidiaries’’, “Shell subsidiaries” and “Shell companies” as used in this announcement refer to entities over which Shell plc either directly or indirectly has control. Entities and unincorporated arrangements over which Shell has joint control are generally referred to as “joint ventures” and “joint operations”, respectively. “Joint ventures” and “joint operations” are collectively referred to as “joint arrangements”.  Entities over which Shell has significant influence but neither control nor joint control are referred to as “associates”. The term “Shell interest” is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest.

Forward-Looking Statements

This announcement contains forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and businesses of Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management’s current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Shell to market risks and statements expressing management’s expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as “aim”, “ambition”, ‘‘anticipate’’, ‘‘believe’’, ‘‘could’’, ‘‘estimate’’, ‘‘expect’’, ‘‘goals’’, ‘‘intend’’, ‘‘may’’, “milestones”, ‘‘objectives’’, ‘‘outlook’’, ‘‘plan’’, ‘‘probably’’, ‘‘project’’, ‘‘risks’’, “schedule”, ‘‘seek’’, ‘‘should’’, ‘‘target’’, ‘‘will’’ and similar terms and phrases. There are a number of factors that could affect the future operations of Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this announcement, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell’s products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, judicial, fiscal and regulatory developments including regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; (m) risks associated with the impact of pandemics, such as the COVID-19 (coronavirus) outbreak; and (n) changes in trading conditions. No assurance is provided that future dividend payments will match or exceed previous dividend payments. All forward-looking statements contained in this announcement are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional risk factors that may affect future results are contained in Shell plc’s Form 20-F for the year ended December 31, 2021 (available at www.shell.com/investor and www.sec.gov). These risk factors also expressly qualify all forward-looking statements contained in this announcement and should be considered by the reader.  Each forward-looking statement speaks only as of the date of this announcement, 11/7/2022 Neither Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this announcement.

Shell’s net carbon footprint

Also, in this announcement we may refer to Shell’s “Net Carbon Footprint” or “Net Carbon Intensity”, which include Shell’s carbon emissions from the production of our energy products, our suppliers’ carbon emissions in supplying energy for that production and our customers’ carbon emissions associated with their use of the energy products we sell. Shell only controls its own emissions. The use of the term Shell’s “Net Carbon Footprint” or “Net Carbon Intensity” are for convenience only and not intended to suggest these emissions are those of Shell plc or its subsidiaries.

Shell’s net-Zero Emissions Target

Shell’s operating plan, outlook and budgets are forecasted for a ten-year period and are updated every year.  They reflect the current economic environment and what we can reasonably expect to see over the next ten years. Accordingly, they reflect our Scope 1, Scope 2 and Net Carbon Footprint (NCF) targets over the next ten years.  However, Shell’s operating plans cannot reflect our 2050 net-zero emissions target and 2035 NCF target, as these targets are currently outside our planning period. In the future, as society moves towards net-zero emissions, we expect Shell’s operating plans to reflect this movement. However, if society is not net zero in 2050, as of today, there would be significant risk that Shell may not meet this target.


[1] Based on Sequence IVA wear test using SAE 5W-30.

[2] 15 years or 500,000 miles whichever comes first, guaranteed, if you exclusively use Pennzoil Platinum® Full Synthetic motor oils. Your engine must have less than 125,000 miles and have been manufactured in the past 72 months. To maintain your warranty, change your vehicle’s oil and oil filter at least as often as recommended by the vehicle manufacturer. Enrollment required.  Keep your receipts. Other conditions apply. Click here to enroll and for full details and terms.

[3] The CO2e lifecycle emissions of this product have been offset with verified Nature-Based Carbon Credits.

[4] Based on Sequence VI fuel economy test using SAE 0W-20.

Source: Team Penske

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