HOUSTON, April 30, 2018 /PRNewswire/ -- Joey Logano notched the first win of 2018 for the No. 22 Shell-Pennzoil Ford Fusion team at the 49th Annual GEICO 500 Monster Energy NASCAR Cup Series race at Talladega Superspeedway on Sunday afternoon. Powered by Shell technology under the hood, Logano held off a number of competitors over the final 10 laps to score his first victory of the season and ninth top 10 finish in 10 races so far in 2018.
"This is absolutely incredible," said Logano after the win. "After waiting a full year since our last win, it feels so good to get back in victory lane and get our Number 22 Shell-Pennzoil Ford into the playoffs. It has truly been a team effort and I'm really excited for what the rest of the season holds for us."
Logano and Team Penske continue to top the charts, with this third career win at Talladega Superspeedway bringing Logano and the team to 19 Monster Energy NASCAR Cup Series wins. With this win, Logano continues to hold his place as one of the sport's true stars and a force to be reckoned with.
"We are thrilled for Joey and the team," said Vatsal Shah, General Manager of Lubricants Technology for Pennzoil. "We're proud that the special formulation of Pennzoil racing oil that Logano uses in the No. 22 Shell-Pennzoil Ford Fusion was part of the success story at the GEICO 500. Throughout the year, Shell scientists work hand-in-hand with Team Penske to optimize the Pennzoil racing oil that is critical to maximizing performance and engine reliability throughout the race. We are developing the next generation of high quality products for customers, and the knowledge gained through our work at the track is enabling us to do just that!"
The Pennzoil race oil in the No. 22 car is formulated using Pennzoil PurePlus® Technology, 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 from week to week, Shell scientists also tailor high performance lubricants for the Team Penske gearbox.
"We really couldn't do what we do, including winning our third victory here at Talladega Superspeedway, 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 just beyond having their name on the side of our car that makes what we do possible."
Logano's win at the GEICO 500 brings Team Penske a total combined 484 wins, 551 pole positions and 32 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 nearly 100 drivers turning a lap in competition for Team Penske.
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 ("Shell") and Pennzoil-Quaker State Company ("Pennzoil") are affiliates of 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®, America's most trusted[1] No. 1 selling[2] motor oil brand.
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. Cars owned and prepared by Team Penske have produced more than 470 major race wins, over 540 pole positions and 32 Championships across open-wheel, stock car and sports car racing competition. Over the course of its 52-year 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. For 2018, Team Penske will compete in the Verizon IndyCar Series, the Monster Energy NASCAR Cup Series, the NASCAR XFINITY Series and the IMSA WeatherTech SportsCar Championship. 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.
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 Royal Dutch Shell plc and 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 release refer to entities 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 as "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 an entity or unincorporated joint arrangement, after exclusion of all third-party interest.
This release 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 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 "aim", "ambition', ''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. No assurance is provided that future dividend payments will match or exceed previous dividend payments. 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, 2017 (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, April 30, 2018. 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.
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[1] Based on a leading independent research study between April 2013 and December 2017.
[2] Based on a syndicated survey by Kantar Millward Brown
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SOURCE Shell Oil Company
