Harvick Claims Second Victory of the Season Taking the Checkered Flag at Daytona
Shell-Pennzoil Driver Scored Second Points Win Of Season
HOUSTON, July 7 /PRNewswire/ -- Kevin Harvick and the Shell-Pennzoil team visited victory lane for the second time this season in a points-series race, following up the dramatic finish at the Talladega 500 in April with yet another restrictor plate win at this weekend's Daytona Coke Zero 400. The Shell-Pennzoil team devised the perfect plan and had a little luck on their side for Saturday night's race under the lights at Daytona, where Harvick raced three wide on the final lap to take the lead for the last time.
After qualifying was rained out at Daytona International Speedway on Friday afternoon, Harvick led the field to the green flag as the championship point leader. More rain moved into the Daytona Beach, Florida area just hours before the race was scheduled to begin and resulted in a two-hour rain delay. The change meant that the NASCAR Sprint Cup Series competitors would be racing strictly during the night instead of through the transition hours of the early evening, and the team had to trust their setups and equipment to carry Harvick to the checkered flag.
As a primary sponsor with Shell Oil Company of the No. 29 Chevrolet driven by Kevin Harvick, Pennzoil is a key supplier and provides an important technical support program for RCR. Throughout the season Pennzoil scientists work directly with the race team to engineer its most technologically advanced racing oil for moments exactly like those on Saturday.
Building new engines and keeping them clean and protected week-in and week-out is essential for race teams. Pennzoil and RCR work together throughout each race season to test motor oils in the harshest racing environments to gain insight and develop technology that can be used both on-track and in consumers' vehicles. The payoff of that relationship is evident in the ultra-class synthetic motor oil Pennzoil Ultra™, which is an advanced proprietary synthetic formula that far exceeds the most stringent car manufacturer standards(1) and already exceeds the 2010 GF-5 specification's requirements for cleanliness and protection.
"Our engines are built to be extremely efficient. With engine heat rising up in some cases to over 280 degrees Fahrenheit in tolerances that we measure to a thousandth of an inch, it is essential that our engines are maintained in clean, pristine condition. We look to our team at Pennzoil to provide that," said Danny Lawrence, Engine Builder and Trackside Manager for Earnhardt-Childress Racing Engines, the high performance engine production and research and development company established in 2007. "In racing, even the smallest deposits can rob performance and lead to catastrophic engine failure, and Pennzoil Ultra™ technology helps provide exactly what we need to keep our engines running clean."
With the victory at Daytona, Harvick extended his lead in the NASCAR Sprint Cup Series standings to 212 points over Jeff Gordon. Additionally, Harvick is 553 markers forward of the 13th-place driver, with just eight races remaining until the Chase to Sprint Cup field gets set. The Daytona race marks the third time in 2010 the Shell-Pennzoil No. 29 car entered victory circle with Pennzoil Ultra™ technology running in the engine.
Utilizing the same Hyper Cleansing Technology™ as the race oils used in the No. 29 car, Pennzoil Ultra™ is an ultra-class synthetic motor oil that is the output of a global team of scientists pursuing the goal of maintaining an engine in factory-clean condition. Pennzoil's technical support program with RCR provides the race team with its most advanced motor oil technology, along with the support of a team of industry-leading scientists. Through excellent collaboration, Pennzoil's team of scientists engineer motor oils that resist heat, shear and wear, while keeping the engine clean even during the most demanding race conditions.
"At Pennzoil, we leverage our global technology to develop technologically advanced motor oils," said James Stone, general manager, North American marketing, for Pennzoil. "We are very proud that so much of our hard work through research and development can potentially play a role in the success of Richard Childress Racing on the track. We are extremely excited that Harvick is in the position he is and want to congratulate the entire No. 29 team for their hard work this weekend and the tremendous win that resulted from it. "
Richard Childress Racing uses and recommends Pennzoil Ultra™ technology exclusively as the formulations provide cleansing and protection even in the most rigorous racing conditions. New Pennzoil Ultra™ 5W-20, 5W-30 and 10W-30 viscosities can be found in major automotive retailers nationwide. Pennzoil Ultra™ 5W-40 and 10W-60 viscosities can be found at retailers and installers servicing mostly European cars. For additional information, please visit www.pennzoil.com.
(1) Based on GF-4, Ford, Chrysler, GM and Ferrari specifications
About Pennzoil®
Pennzoil® is the #1-selling motor oil and one of the most trusted brands in America. The Pennzoil line of quality products meets or exceeds industry specifications to offer exceptional engine protection, and includes Pennzoil Ultra™ motor oil with Hyper Cleansing Technology™, Pennzoil Platinum® Full Synthetic motor oil, Pennzoil® Advanced Protection motor oil, Pennzoil Gold™ motor oil, Pennzoil® High Mileage Vehicle® motor oil, and Pennzoil Marine® engine oil. For more information about Pennzoil products, please visit www.pennzoil.com
Pennzoil is produced and marketed by Shell Lubricants.
About Shell Lubricants
The term 'Shell Lubricants' collectively refers to the companies of Royal Dutch Shell plc that are engaged in the lubricants business. Shell Lubricants companies lead the lubricants industry, supplying 13% of global lubricants volume.(a) The companies manufacture and blend products for use in applications ranging from consumer motor oil and food processing oils to heavy industrial lubricants and commercial transport oils. The Shell Lubricants portfolio of top-quality brands includes Pennzoil®, Quaker State®, FormulaShell®, Shell TELLUS®, Shell CASSIDA®, Shell RIMULA®, Shell ROTELLA® T, Shell SPIRAX®, Jiffy Lube® and a portfolio of leading car care brands.
(a) Kline & Company, "Competitive Intelligence for the Global Lubricants Industry, 2008 – 2018."
Notes to Editors
Cautionary Note:
The companies in which Royal Dutch Shell plc directly and indirectly owns investments are separate entities. In this press release "Shell", "Shell group" and "Royal Dutch Shell" are sometimes used for convenience where references are made to Royal Dutch Shell plc and its subsidiaries in general. Likewise, the words "we", "us" and "our" are also used to refer to subsidiaries in general or to those who work for them. These expressions are also used where no useful purpose is served by identifying the particular company or companies. ''Subsidiaries'', "Shell subsidiaries" and "Shell companies" as used in this press release refer to companies in which Royal Dutch Shell either directly or indirectly has control, by having either a majority of the voting rights or the right to exercise a controlling influence. The companies in which Shell has significant influence but not control are referred to as "associated companies" or "associates" and companies in which Shell has joint control are referred to as "jointly controlled entities". In this press release, associates and jointly controlled entities are also referred to as "equity-accounted investments". The term "Shell interest" is used for convenience to indicate the direct and/or indirect (for example, through our 34% shareholding in Woodside Petroleum Ltd.) ownership interest held by Shell in a venture, partnership or company, after exclusion of all third-party interest.
This press release contains forward-looking statements concerning the financial condition, results of operations and businesses of Royal Dutch 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 Royal Dutch 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 ''anticipate'', ''believe'', ''could'', ''estimate'', ''expect'', ''intend'', ''may'', ''plan'', ''objectives'', ''outlook'', ''probably'', ''project'', ''will'', ''seek'', ''target'', ''risks'', ''goals'', ''should'' and similar terms and phrases. There are a number of factors that could affect the future operations of Royal Dutch Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this press release, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for the Group's products; (c) currency fluctuations; (d) drilling and production results; (e) reserve 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, fiscal and regulatory developments including potential litigation and regulatory effects arising from recategorisation of reserves; (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; and (m) changes in trading conditions. All forward-looking statements contained in this press release 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 factors that may affect future results are contained in Royal Dutch Shell's 20-F for the year ended December 31, 2008 (available at www.shell.com/investor and www.sec.gov). These factors also should be considered by the reader. Each forward-looking statement speaks only as of the date of this press release, July 7, 2010. Neither Royal Dutch Shell 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 press release.
The United States Securities and Exchange Commission (SEC) permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We use certain terms in this press release that SEC's guidelines strictly prohibit us from including in filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website www.sec.gov. You can also obtain these forms from the SEC by calling 1-800-SEC-0330.
SOURCE Pennzoil
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