Shell And Penske Forge The Future Of Transport Alliances

"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 began their current relationship with Team Penske in 2011 and is an extension of the Shell and Pennzoil racing legacy with the legendary motorsports team. Pennzoil first aligned with Team Penske as part of its IndyCar program in 1983 and won two Indianapolis 500s (1984 & 1988) with driver Rick Mears. And, since forging a renewed alliance in 2011, the partners have parlayed the alliance into unparalleled success on the racetrack, earning more wins in IndyCar than any other organization since that time and 80 total NASCAR national series victories, second most of all competing teams. Team Penske driver Joey Logano has won 15 Monster Energy NASCAR Cup Series races since joining Team Penske and Shell-Pennzoil in 2013 and delivered Shell-Pennzoil their second Daytona 500 Championship in 2015. The 26-year-old driver finished second in the series point standings last season and won the season-opening, non-points Clash event last weekend at Daytona.

"Penske Corporation is proud to continue its partnership with Shell," said Roger Penske, Founder and Chairman, Penske Corporation. "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."

In addition to the long-term partnership, Team Penske also announced today that it has come to an agreement with Logano to continue driving the No. 22 Shell-Pennzoil Ford Fusion throughout the length of the Shell-Team Penske extension, solidifying the long-term plans for the perennial championship contender. 

Shell will continue to be the "Official Supplier of Lubricants" for Team Penske and the preferred fuel supplier for Penske Truck Leasing and Penske Automotive Group.

For the sixth-consecutive season, three-time Indianapolis 500 winner Helio Castroneves will continue to represent the Shell and Pennzoil brands in 2017. Castroneves will drive the No. 3 Shell V-Power NiTRO+ IndyCar at the 101^st running of the Indianapolis 500 on May 28. Shell and Pennzoil will also be associate sponsors on all Team Penske cars competing in the NASCAR XFINITY Series and Verizon IndyCar Series.

For more than 100 years, Shell has had a track record of forging long-lasting relationships that go beyond the brand and become the very fabric of the people working on the products the company produces. And, for more than 50 years, Team Penske has graced the motorsport arena with more than 425 major race wins across multiple racing series, including 29 National Championships across NASCAR and IndyCar. And, like Shell, for Penske – it's more than just finding the right sponsor… it's their global business.

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. 

About Shell and Pennzoil
Shell Oil Company is an affiliate of the Royal Dutch Shell plc, a global group of energy and petrochemical companies with operations in more than 70 countries. In the U.S., Shell operates in 50 states and employs more than 20,000 people working to help tackle the challenges of the new energy future. The Shell downstream organization manages a portfolio of top-quality brands, including the No. 1 selling premium gasoline, Shell V-Power NiTRO+ Premium Gasoline, No. 1 selling gasoline, Shell Nitrogen Enriched Gasolines, and Pennzoil®, the most trusted motor oil brand in America.

Shell's motorsports technical alliances around the world provide a testing ground for fuel and lubricant technologies and products in demanding road conditions. The knowledge Shell and Pennzoil gain through these alliances help address tomorrow's world mobility energy challenge with efficient solutions that power and protect motorists around the globe. http://www.shell.com http://www.shell.us http://www.pennzoil.com

About Team Penske
Team Penske is one of the most successful teams in the history of professional sports and celebrated its 50th Anniversary in 2016. Cars owned and prepared by Team Penske have produced more than 440 major race wins, over 500 pole positions and 29 National Championships across open-wheel, stock car and sports car racing competition. In its storied history, the team has also earned 16 Indianapolis 500 victories, two Daytona 500 Championships, a Formula 1 win and overall victories in the 24 Hours of Daytona and the 12 Hours of Sebring. Team Penske currently competes in the Verizon IndyCar Series, the Monster Energy NASCAR Cup Series and NASCAR XFINITY Series. The team also races in the Virgin Australia Supercars Championship, in a partnership with Dick Johnson Racing, as DJR Team Penske. For more information about Team Penske, please visit www.teampenske.com.

** B-roll footage featuring Shell, Penske Corp and racing footage can be downloaded by clicking here **

Cautionary Note
The companies in which Royal Dutch Shell plc directly and indirectly owns investments are separate legal entities. In this 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 release refer to companies over which Royal Dutch Shell plc  either directly or indirectly has control. Entities and unincorporated arrangements over which Shell has joint control are generally referred to "joint ventures" and "joint operations" respectively.  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 a venture, partnership or company, after exclusion of all third-party interest.

This 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'', ''goals'', ''intend'', ''may'', ''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 Royal Dutch Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this release, 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, 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; and (m) changes in trading conditions. All forward-looking statements contained in this 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 risk factors that may affect future results are contained in Royal Dutch Shell's 20-F for the year ended December 31, 2015 (available at www.shell.com/investor and www.sec.gov ). These risk factors also expressly qualify all forward looking statements contained in this release and should be considered by the reader.  Each forward-looking statement speaks only as of the date of this release, 24 February 2017. Neither Royal Dutch 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 release.

We may have used certain terms, such as resources, in this release that United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our 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.

SOURCE Shell

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