Indy 500 News and Notes

I have come to the legends’ Day autograph session many times. I have never seen this as I walked through the Gate 6 tunnel.

This is the autograph line for Row 9- Herta, McLaughlin , and Castroneves. I had a feeling this group might get more attention than Row 9 usually does, .but I have never seen an autograph line extend down the tunnel before. The sign in the back is the cutoff point, yet fans are lined up behind hoping someone drops out. The other lines were packed as well.

Newgarden Wins Pit Stop Competition

Josef Newgarden’s team win the Pit Stop competition yesterday afternoon, beating Scott Dixon’s team in convincing fashion.

O’Ward Extension with McLaren

According to Marshall Pruett or Racer, Pato has signed an extension with Arrow McLaren SP through 2025. Team owner Zak Brown hinted at another lineup announcement may be coming.

O’Ward after winning at Barber

The 500 on (pay) TV

Fans in nthe Indianapolis area not going to the race will be able to watch the race tomorrow live on Peacock. If you aren’t a subscriber, i think it’s worth the $4.99 fee for one month to see the race live. You can cancel after the race,

This is the third year in a row that the 500 will be available live on television locally.

Legends Day

Today’s Schedule:

 

SCHEDULE (All times local):
8 a.m.-1 p.m.: Public gates open
9-10 a.m.: Full-Field Autograph Session
10:30 a.m.: Public Drivers’ Meeting, Tower Terrace
11:30 a.m.-12:15 p.m.: Veteran Driver Autograph Session A
12:45-1:30 p.m.: Veteran Driver Autograph Session B
TICKETS: General Admission tickets are $10 for Legends Day Presented by Firestone. Children 15 and under are admitted free with paying adult.
PUBLIC GATES OPEN (8 a.m.-1 p.m.): Gate 2, Gate 4, Gate 6S, Gate 7S, Gate 7, Gate 10, Gate 10A.
PARKING: Free parking for Legends Day presented by Firestone is located inside at 5th and Hulman, in the South Carousel Lot for motorcycle parking and the Indianapolis Motor Speedway Museum Lot for ADA parking.

Legends’ Day is the lightest activity day at IMS. It has never been a hugely busy day at the track, but under Roger Penske, today’s program is bare bones. The memorabilia show is in Plainfield. Vintage cars will not be on track today. The evening concert will be downtown tonight. I really don’t know why IMS is even charging admission for today.

I like to watch the autograph lines form. usually the front rows fill up first, but with Helio Castroneves and other popular drivers starting near the back of the grid, I wonder if the line distribution will be different this year.

I enjoy seeing the drivers assembled for the public meeting. It is a chance to honor them before the race.

Today will be a short day for me. I will try to put a couple of posts, one this afternoon and one tonight. Enjoy Christmas Eve. Get plenty of rest today.

Kanaan, Ericsson Lead Carb Day; Herta May Need Backup Car

A delayed and shortened Carb Day practice followed the pattern of the other practice sessions with Chip Ganassi Racing cars in three of the first four spots. Tony Kanaan led the way with a lap of 227.114 mph, followed by Marcus Ericsson in second with a 227,004 mph lap. Scott Dixon was furth and Jimmie Johnson seventh in another Ganassi car.

Carb Day practice began just before 1 pm after the trrack dried from morning rains. The scheduled two hour practice was reduced to 90 minutes.

The session stopped twice for incidents. David Malukas attempted a pass on Santino Ferrucci going into turn 1. They touched wheels, Malukas went high and spun, hitting the wall in much the same way Dalton kellett did last Monday. The hit wasn’t as severe as Kellet’s, but there was still suspension damage.

Herta told NBC reporter Dave Burns, “I feel a little bit of sadness for that racecar.”

With about 30 minutes left, Colton Herta hit the outside wall in turn 1. The car got airborne and landed upside down. Herta was not injured. The car cannot be repaired, and Herta will drive a backup car Sunday. Herta will keep his starting position.

Josef Newgarden completed a session high 62 laps. Ed Carpenter turned the fewest circuits at 32.

The top 14:

I will have more later. Tomorrow the public drivers’ meeting is the only thing on the Speedway calendar.

Shell, INDYCAR To Introduce 100% Renewable Race Fuel1 for NTT INDYCAR SERIES in 2023 

From Indycar this morning


 Efforts will include variety of sustainability initiatives
to help reduce carbon footprint within NTT INDYCAR SERIES
I
NDIANAPOLIS (Friday, May 27, 2022) – Shell and INDYCAR are continuing their sustainability journey together by announcing a lineup of additional energy solutions for the NTT INDYCAR SERIES and Indianapolis Motor Speedway (IMS) ahead of the prestigious Indianapolis 500. Together and separately, the organizations have designed a variety of sustainability initiatives that will help to reduce the carbon footprint within INDYCAR and power progress toward more sustainable motorsports in North America.
“The fuel and lubricant, and energy solutions developed through our strategic relationship with INDYCAR and Penske Corporation can ultimately help accelerate reduced carbon emissions from transport in many sectors of the economy,” said Carlos Maurer, executive vice president of Sectors and Decarbonization at Shell. “Shell’s motorsports technical alliances around the world provide a testing ground for fuel and lubricant technologies and products in demanding road conditions.”
Sustainable MotorsportsShell 100% Renewable Race Fuel
2Building on the sponsorship contract renewal and extension announced on May 26 at Indianapolis Motor Speedway, Shell will be the official fuel, motor oil and lubricant sponsor of the NTT INDYCAR SERIES.Beginning in 2023, Shell will produce a new race fuel for the NTT INDYCAR SERIES. This new product consists of a blend of second-generation ethanol derived from sugarcane waste and other biofuels to create a fuel that is 100% comprised of feedstocks categorized as “renewable” under the applicable regulatory frameworks.
The fuel developed by Shell is set to make the NTT INDYCAR SERIES the first United States-based motorsports series to power racing with 100% renewable race fuel3 and enables at least 60% greenhouse gas emissions reduction compared to fossil-based gasoline4.“This race fuel development for INDYCAR is a great example of how fuels technology is pivotal in helping decarbonize the sport,” said Dr. Selda Gunsel, president of Shell Global Solutions.
“Today’s development takes us one step closer to that goal.”
The second-generation ethanol will be sourced from Raízen, a Brazilian Joint-Venture created in 2011 by Shell and Cosan. Raízen is one of the largest sugarcane ethanol producers in the world and owner of the first commercial second-generation ethanol plant.
“It is an honor for Raízen to contribute advanced ethanol to this renewable race fuel, and it’s an exciting introduction to one of the most iconic motorsport categories,” said Ricardo Mussa, Raízen CEO.“Motorsports has always been at the forefront of innovation and technology, and today INDYCAR is furthering this tradition in a very important and transformational way,” said Mark Miles, president & CEO of Penske Entertainment Corp. “We are proud to become a leader in sustainability and decarbonization as we work towards becoming the first U.S. motorsport series to run on renewable fuel. With industry-leading organizations like Shell and Penske sharing the same ambition for a cleaner energy future, remarkable progress can be made.”
Note to editors:
Carbon Neutral Motor Oil
Pennzoil Synthetics 0W oils are trusted to power all engines running in the NTT INDYCAR SERIES and are now Carbon Neutral[5]. As the Official Motor Oil and Lubricant Sponsor of the NTT INDYCAR SERIES, Pennzoil works hand-in-hand with the engine manufacturers to develop and test premium motor oil formulations. Pennzoil takes pride in the performance of the first synthetic motor oil made from natural gas helping to power and protect Chevrolet and Honda INDYCAR engines through demanding race conditions. Pennzoil high-quality motor oil provides complete engine protection to deliver a top level of performance trusted by major car manufacturers, racing teams and car enthusiasts
.EV Charging at IMS


A 150kW, high-power electric charger has been installed on the IMS grounds, in coordination with the Indiana Economic Development Corporation and Shell Recharge Solutions. All race tires being supplied for Indianapolis 500 practice, qualifications and Race Day will be delivered to the “Racing Capital of the World” from their Central Indiana warehouse using the Freightliner eCascadia from Penske Truck Leasing’s fleet of electric vehicles.
Travel Footprint Offsets
Through Shell’s Environmental Products Trading business, IMS will offset its entire operational carbon footprint during the Month of May through its contributions to GreenTrees, a vital effort that restores natural habitats in more than 1 million acres across seven states in the Mississippi Alluvial Valley, and part of Shell’s portfolio of Nature Based Solutions projects. IMS has also teamed up with the climate technology company CHOOOSE on the implementation of a new customer program that allows fans to offset their travel footprint through a nominal contribution.
Shell Eco-Marathon Americas
In early April, the annual Shell Eco-Marathon Americas was hosted at IMS for the first time. The event had 50 teams competing in two classes to create some of the world’s most fuel-efficient vehicles. The event annually inspires future inventors in both the high school and collegiate levels to build and design vehicles that will expedite the energy transition and decarbonization efforts, a shared ambition of Shell and Penske.
Silver Certification by Council for Responsible Sport
Earlier in 2022, it was announced that the 2021 Indy 500 was certified at the Silver level by the Council for Responsible Sport after achieving 37 social and environmental standards of good practice. The venue implemented facility upgrades to increase both energy and water-use efficiency, calculated a robust greenhouse gas emissions inventory and enhanced its “Bike to the 500” program. IMS is working toward becoming the first sports facility in the world to become a Certified Responsible Sport venue.
Penske Truck Leasing and Shell Recharge Solutions North America
Away from the track, Penske Truck Leasing, and Shell Recharge Solutions North America recently announced a new joint initiative to support light-duty electric vehicle (EV) charging at Penske locations. The project will initially deploy Level 2 (L2) electric truck charging stations with plug-and-charge capabilities to support Penske’s growing battery-electric truck fleet in California. Additional sites will be rolled out to four U.S. states in 2022, with more locations expected to be added in 2023 and beyond.To support Penske, Shell Recharge Solutions will deliver design, installation and charging network management support enabled through its SKY software platform. Shell Recharge Solutions will also provide maintenance support across Penske’s network of L2 electric truck charging stations.
ABOUT SHELL: Shell is working with our customers and across sectors to deliver Shell’s Powering Progress strategy and accelerate the journey to net-zero emissions in the United States and globally. Our diverse portfolio of energy options allows us to meet the specific energy needs of our customers. In the U.S., Shell operates in 50 states and employs more than 12,000 people working to help tackle the challenges of the changing energy system. www.shell.us.Shell’s motorsports technical alliances around the world provide a testing ground for fuel and lubricant technologies and products in demanding road conditions. Shell and Pennzoil gain knowledge through these alliances to help address the mobility energy challenge with efficient solutions that power and protect motorists around the globe
.ABOUT INDYCAR: INDYCAR is the Indianapolis-based governing body for North America’s premier open-wheel auto racing series, the NTT INDYCAR SERIES, and its developmental series, Indy Lights Presented by Cooper Tires. The NTT INDYCAR SERIES features an international field of the world’s most versatile drivers – including reigning series champion Alex Palou, six-time series champion Scott Dixon, two-time series champion Josef Newgarden and four-time and defending Indianapolis 500 winner Helio Castroneves – who compete on superspeedways, short ovals, street circuits and permanent road courses. The 2022 season consists of 17 races in the United States and Canada and is highlighted by the historic Indianapolis 500 presented by Gainbridge. The NTT INDYCAR SERIES, Indy Lights, the Indianapolis Motor Speedway and IMS Productions are owned by Penske Corporation, a global transportation, automotive and motorsports leader. For more information on INDYCAR and the NTT INDYCAR SERIES, please visit www.indycar.com. For more information on Indy Lights, please visit www.indylights.com.
ABOUT INDIANAPOLIS MOTOR SPEEDWAY: The Indianapolis Motor Speedway, the world’s largest spectator sporting facility, has been the worldwide leader in motorsports entertainment since opening in 1909. IMS will host the 106th Running of the Indianapolis 500 presented by Gainbridge on Sunday, May 29. In 2022, IMS also hosts two NTT INDYCAR SERIES road races, on May 14 and July 30, and NASCAR Xfinity Series and Cup Series road races during Brickyard Weekend on July 30-31. The Racing Capital of the World also includes USAC NOS Energy Drink Midget National Championship and Intercontinental GT Challenge Powered by Pirelli/GT Challenge World Challenge America events. IMS, the NTT INDYCAR SERIES, and IMS Productions are owned by Penske Corporation, global transportation, automotive, and motorsports leader. To purchase tickets or for more information, please visit www.ims.com.
Cautionary Note The companies in which Shell plc directly and indirectly owns investments are separate legal entities. In this press release “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 press release 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. 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 press 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 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”, “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 press 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; (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 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 risk factors that may affect future results are contained in Shell’s Form 20-F for the year ended December 31, 2021 (available at www.shell.com/investors and www.sec.gov). These risk factors also expressly qualify all forward-looking statements contained in this press release and should be considered by the reader. Each forward-looking statement speaks only as of the date of this press release, May 27, 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 press release.We may have used certain terms, such as resources, in this press release that the United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC. 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.[1]Reduction in lifecycle greenhouse gas emissions relative to 2005 baseline average gasoline as defined in the RFS. Estimations for Shell Fuel based on CA-GREET model values provided by supplier and published fuel pathways in the California Low Carbon Fuel Standard (LCFS).[2]Reduction in lifecycle greenhouse gas emissions relative to 2005 baseline average gasoline as defined in the RFS. Estimations for Shell Fuel based on CA-GREET model values provided by supplier and published fuel pathways in the California Low Carbon Fuel Standard (LCFS).[3]Reduction in lifecycle greenhouse gas emissions relative to 2005 baseline average gasoline as defined in the RFS. Estimations for Shell Fuel based on CA-GREET model values provided by supplier and published fuel pathways in the California Low Carbon Fuel Standard (LCFS).[4]Renewable Fuel Standard, Energy Policy Act, Overview for Renewable Fuel Standard | US EPA[5]CO2 compensation is not a substitute for switching to lower emissions energy solutions or reducing the use of fossil fuels. Carbon credits are purchased and retired to compensate the calculated lifecycle CO2e emissions of the product. Although these carbon credits have been generated in accordance with international carbon standards, the compensation may not be exact.

Indianapolis 500 Preview

It has been a strange month. The qualifying left the grid for the 106th running of the Indianapolis 500 with some contenders up front and some very good cars toward the back. How easy it is to pass and how the yellows fall could bring the good cars in the back toward the front.

I have to wonder what kind of race we would be talking about if row nine- Colton Herta, Scott McLaughlin, and Helio Castroneves- were row four or five. Josef Newgarden, who is starting mid pack, might also be a late race factor. Simon Pagenaud will surely end up in the top 10.

The winner, however, will come from the front row. Alex Palou will complete what he could not quite do in the 2021 race. This was not an easy choice. I have wavered between Palou, Rinus VeeKay, and Marcus Ericsson.

Scott Dixon’s last three poles have yielded poor results. I think he will have another issue. I don’t have confidence in VeeKay’s team to execute well enough for him to win. I think he will have a very good day, but he won’t be pulling into Victory Circle. Marcus Ericsson has a chance if he is involved in some unusual situation. As he told me last week, “We thrive on chaos.” It will take some chaos for Ericsson to break through.

Palou knows what to do after battling Castroneves to the wire last year. He has a strong car which could have been on the pole. Ganassi is due for some decent luck in the 500 and this is the year.

The race will be punctuated by at least four caution periods. When they occur could impact the race and determine if we have a straight fight or a fuel saving parade. I hope for the former.

Enjoy the race Sunday. I am excited to see full grandstands again. There is more of a buzz about the race than there was last year.

I’ll be back after Carb Day practice.

Carb Day- Keep your Rain Checks Handy

Today’s schedule:

SCHEDULE (All times local):

8 a.m.-6 p.m.: Public Gates Open

11 a.m.-1 p.m.: Final Practice- Peacock

2:30-4 p.m.: Ruoff Mortgage Pit Stop Challenge –Peacock

4-6 p.m.: Miller Lite Carb Day Concert (Gates open at 3 p.m.)

TICKETS: General Admission tickets are $40 for Indy 500 Miller Lite Carb Day. Children 15 and under are admitted free with paying adult.

PUBLIC GATES OPEN (8 a.m.-6 p.m.): Gate 1, Gate 2, Gate 3, Gate 4, Gate 6S, Gate 6N, Gate 6B, Gate 7, Gate 7S, Gate 9, Gate 10, Gate 10A, Gate 11A and Gate 12.

PARKING: Limited free parking for Indianapolis 500 Miller Lite Carb Day is located in Lot 7 (North 40) and Lot 7 (North 40) for ADA parking. Paid parking is $20 in Lot 1B, Lot 2, Lot 3G and Main Gate, and $75 in Gate 1. Paid ADA parking is $20 in Lot 3P, Lot 2 and Hulman Lot. Paid motorcycle parking is $20 in South Carousel lot. Bicycle parking is located outside Gate 1, Gate 6 and Gate 9.

Will the second most festive day of May go on schedule? a rainy forecast won’t deter many from coming to IMS.

Weather is the key word of the day. Rain chances are 40% at 11 am and decrease to 30% by 1 pm, when practice is scheduled to end. The chances of precipitation then rise again. There is talk of having a final one hour practice at 9 am Saturday morning. That time would wipe out the autograph session, since the drivers’ meeting is at 10:30 and the drivers must head downtown for the parade immediately after that.

Doug Boles said yesterday morning is to get the cars on track. The Pit Stop Competition might become a victim of the predicted rain. The concert, however, will go on rain or shine unless there is lightning in the area.

If you come to the track, be prepared for wet weather and the possibility of lightning.

I look for the rookies to run a lot of laps to get as much seat time as possible. The cars at the front of the field may not run much at all. I watch for the number of laps a driver runs, how he handles traffic, and their speed.

There are some big announcements this morning, particularly one from Penske Entertainment.

I will have my race preview up in a bit. This is an interesting race to predict. Have a fun day. Stay dry.

Shell to Become official Fuel Supplier for Indycar in 2023

Shell, Pennzoil To Build on Long-Standing Relationship with NTT INDYCAR SERIES, Indianapolis Motor Speedway, Team Penske  Multiyear Extension To Include New, Official Fuel Designation for NTT INDYCAR SERIESINDIANAPOLIS (Thursday, May 26, 2022) – Equilon Enterprises LLC (d/b/a Shell Oil Products US) and Pennzoil-Quaker State Company announced today a multiyear extension and expansion of their sponsorship agreement with the NTT INDYCAR SERIES, Indianapolis Motor Speedway (IMS) and Team Penske. Building on a longtime business relationship and technical alliance that began in motorsports and has extended well beyond the track, the agreement will feature exciting new opportunities between industry-leading organizations, beginning in 2023.The agreement includes engagement across all Penske Entertainment and Team Penske platforms:

Beginning in 2023, Shell will become the Official Fuel of the NTT INDYCAR SERIES and IMS. Additional details regarding the Official Fuel designation for INDYCAR will be announced soon

.Shell-Pennzoil will continue its sponsorship of Team Penske’s winning INDYCAR and NASCAR programs.Shell and Pennzoil also will be primary sponsors for two of Team Penske’s entries in the Indianapolis 500-Mile Race. Two-time NTT INDYCAR SERIES champion Josef Newgarden will race the No. 2 Shell V-Power Chevrolet, and Scott McLaughlin will compete in the No. 3 Pennzoil Chevrolet at IMS.Pennzoil will extend its sponsorship as the Official Motor Oil and Lubricant Supplier of the IMS, INDYCAR and the NTT INDYCAR SERIES.Pennzoil will continue to sponsor the Pennzoil 150 at the Brickyard NASCAR Xfinity Series race in July at IMS.

Shell and Pennzoil will continue to serve as the preferred fuel and lubricant supplier for Penske Transportation Solutions and Penske Automotive Group.

“We are proud of the global business relationship with Shell and Pennzoil that extends across our Penske companies,” Roger Penske said. “Over the years, we have experienced great success together on the track, and the relationship has evolved to include our transportation business operations all over the world. Our teams are also working with Shell and Pennzoil on product development and multiple sustainability initiatives to help keep us focused on the future.”

“For more than 100 years, Shell has been forging long-lasting relationships that extend beyond the brand and products the company produces,” said Steve Reindl, president, Shell Lubricants Americas. “Our relationship with Penske continues to evolve, both commercially and in motorsport, giving Shell and Penske a vast platform to pursue our respective sustainability and decarbonization goals.”

Shell-Pennzoil and Team Penske reunited in 2011, building on a racing legacy that was established in the 1980s. Pennzoil first aligned with Team Penske as a sponsor of its INDYCAR SERIES program in 1983 and won two Indianapolis 500 races (1984, 1988) with driver Rick Mears.

Pennzoil became the Official Motor Oil and Lubricant Sponsor of INDYCAR and the NTT INDYCAR SERIES in 2021 and has continued to expand the relationship, including today’s announcement of Shell becoming the Official Fuel of INDYCAR and the NTT INDYCAR SERIES beginning in 2023.

“This new and significant step forward in our relationship with both the Shell and Pennzoil brands is tremendous news for our entire series, our storied venue and our legion of racing fans across the globe,” Penske Entertainment Corp. President & CEO Mark Miles said. “Shell will be a terrific fuel sponsor for INDYCAR, helping us maintain our world-class standards on track while always keeping an eye on the future. When it comes to our historic and exciting Brickyard Weekend, we know the team at Pennzoil will continue to invest in its growth and success here in Central Indiana and beyond.”

About Shell

Shell Oil Company is an affiliate of 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 14,000 people working to help tackle the challenges of the new energy future. For more information visit www.shell.com

Shell’s motorsports technical alliances around the world provide a testing ground for fuel and lubricant technologies and products in demanding road conditions. Shell and Pennzoil gain knowledge through these alliances to help address the mobility energy challenge with efficient solutions that power and protect motorists around the globe.

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 visit www.pennzoil.com.

About INDYCAR

INDYCAR is the Indianapolis-based governing body for North America’s premier open-wheel auto racing series, the NTT INDYCAR SERIES, and its developmental series, Indy Lights Presented by Cooper Tires. The NTT INDYCAR SERIES features an international field of the world’s most versatile drivers – including reigning series champion Alex Palou, six-time series champion Scott Dixon, two-time series champion Josef Newgarden and four-time and defending Indianapolis 500 winner Helio Castroneves – who compete on superspeedways, short ovals, street circuits and permanent road courses. The 2022 season consists of 17 races in the United States and Canada and is highlighted by the historic Indianapolis 500 presented by Gainbridge. The NTT INDYCAR SERIES, Indy Lights, the Indianapolis Motor Speedway and IMS Productions are owned by Penske Entertainment Corporation, a wholly owned subsidiary of Penske Corporation, a global transportation, automotive and motorsports leader. For more information on INDYCAR and the NTT INDYCAR SERIES, please visit www.indycar.com. For more information on Indy Lights, please visit www.indylights.com.

About Indianapolis Motor Speedway

The Indianapolis Motor Speedway, the world’s largest spectator sporting facility, has been the worldwide leader in motorsports entertainment since opening in 1909. IMS will host the 106th Running of the Indianapolis 500 presented by Gainbridge on Sunday, May 29, 2022, the world’s most prestigious auto race. In 2022, IMS also hosts two NTT INDYCAR SERIES road races, on May 14 and July 30, and NASCAR Xfinity Series and Cup Series road races during Brickyard Weekend on July 30-31. The Racing Capital of the World also includes USAC NOS Energy Drink Midget National Championship and Intercontinental GT Challenge Powered by Pirelli/GT Challenge World Challenge America events. IMS, the NTT INDYCAR SERIES and IMS Productions are owned by Penske Entertainment Corporation, a wholly owned subsidiary of Penske Corporation, a global transportation, automotive and motorsports leader. To purchase tickets or for more information, please visit ims.com.

autionary Note

The companies in which Shell plc directly and indirectly owns investments are separate legal entities. In this press release “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 press release 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. 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 press 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 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”, “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 press 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; (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 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 risk factors that may affect future results are contained in Shell’s Form 20-F for the year ended December 31, 2021 (available at www.shell.com/investors and www.sec.gov). These risk factors also expressly qualify all forward-looking statements contained in this press release and should be considered by the reader. Each forward-looking statement speaks only as of the date of this press release, May 27, 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 press release

We may have used certain terms, such as resources, in this press release that the United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC. 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.[1Based 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 toenroll 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. 

Shell, Pennzoil to Become Official Suppliers to IMS, Indycar

Shell, Pennzoil To Build on Long-Standing Relationship with NTT INDYCAR SERIES, Indianapolis Motor Speedway, Team Penske  
Multiyear Extension To Include New, Official Fuel Designation for NTT INDYCAR SERIES
INDIANAPOLIS (Thursday, May 26, 2022) – Equilon Enterprises LLC (d/b/a Shell Oil Products US) and Pennzoil-Quaker State Company announced today a multiyear extension and expansion of their sponsorship agreement with the NTT INDYCAR SERIES, Indianapolis Motor Speedway (IMS) and Team Penske. Building on a longtime business relationship and technical alliance that began in motorsports and has extended well beyond the track, the agreement will feature exciting new opportunities between industry-leading organizations, beginning in 2023.The agreement includes engagement across all Penske Entertainment and Team Penske platforms:
Beginning in 2023, Shell will become the Official Fuel of the NTT INDYCAR SERIES and IMS. Additional details regarding the Official Fuel designation for INDYCAR will be announced soon.
Shell-Pennzoil will continue its sponsorship of Team Penske’s winning INDYCAR and NASCAR programs.
Shell and Pennzoil also will be primary sponsors for two of Team Penske’s entries in the Indianapolis 500-Mile Race. Two-time NTT INDYCAR SERIES champion Josef Newgarden will race the No. 2 Shell V-Power Chevrolet, and Scott McLaughlin will compete in the No. 3 Pennzoil Chevrolet at IMS.
Pennzoil will extend its sponsorship as the Official Motor Oil and Lubricant Supplier of the IMS, INDYCAR and the NTT INDYCAR SERIES.
Pennzoil will continue to sponsor the Pennzoil 150 at the Brickyard NASCAR Xfinity Series race in July at IMS.
Shell and Pennzoil will continue to serve as the preferred fuel and lubricant supplier for Penske Transportation Solutions and Penske Automotive Group.
“We are proud of the global business relationship with Shell and Pennzoil that extends across our Penske companies,” Roger Penske said. “Over the years, we have experienced great success together on the track, and the relationship has evolved to include our transportation business operations all over the world. Our teams are also working with Shell and Pennzoil on product development and multiple sustainability initiatives to help keep us focused on the future.”
“For more than 100 years, Shell has been forging long-lasting relationships that extend beyond the brand and products the company produces,” said Steve Reindl, president, Shell Lubricants Americas.
“Our relationship with Penske continues to evolve, both commercially and in motorsport, giving Shell and Penske a vast platform to pursue our respective sustainability and decarbonization goals.”
Shell-Pennzoil and Team Penske reunited in 2011, building on a racing legacy that was established in the 1980s. Pennzoil first aligned with Team Penske as a sponsor of its INDYCAR SERIES program in 1983 and won two Indianapolis 500 races (1984, 1988) with driver Rick Mears.
Pennzoil became the Official Motor Oil and Lubricant Sponsor of INDYCAR and the NTT INDYCAR SERIES in 2021 and has continued to expand the relationship, including today’s announcement of Shell becoming the Official Fuel of INDYCAR and the NTT INDYCAR SERIES beginning in 2023.
“This new and significant step forward in our relationship with both the Shell and Pennzoil brands is tremendous news for our entire series, our storied venue and our legion of racing fans across the globe,” Penske Entertainment Corp. President & CEO Mark Miles said. “Shell will be a terrific fuel sponsor for INDYCAR, helping us maintain our world-class standards on track while always keeping an eye on the future. When it comes to our historic and exciting Brickyard Weekend, we know the team at Pennzoil will continue to invest in its growth and success here in Central Indiana and beyond.”
About Shell
Shell Oil Company is an affiliate of 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 14,000 people working to help tackle the challenges of the new energy future. For more information visit www.shell.comShell’s motorsports technical alliances around the world provide a testing ground for fuel and lubricant technologies and products in demanding road conditions. Shell and Pennzoil gain knowledge through these alliances to help address the mobility energy challenge with efficient solutions that power and protect motorists around the globe.
About PennzoilAt 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 visit www.pennzoil.com.
About INDYCAR
INDYCAR is the Indianapolis-based governing body for North America’s premier open-wheel auto racing series, the NTT INDYCAR SERIES, and its developmental series, Indy Lights Presented by Cooper Tires. The NTT INDYCAR SERIES features an international field of the world’s most versatile drivers – including reigning series champion Alex Palou, six-time series champion Scott Dixon, two-time series champion Josef Newgarden and four-time and defending Indianapolis 500 winner Helio Castroneves – who compete on superspeedways, short ovals, street circuits and permanent road courses. The 2022 season consists of 17 races in the United States and Canada and is highlighted by the historic Indianapolis 500 presented by Gainbridge. The NTT INDYCAR SERIES, Indy Lights, the Indianapolis Motor Speedway and IMS Productions are owned by Penske Entertainment Corporation, a wholly owned subsidiary of Penske Corporation, a global transportation, automotive and motorsports leader. For more information on INDYCAR and the NTT INDYCAR SERIES, please visit www.indycar.com.
For more information on Indy Lights, please visit www.indylights.com.
About Indianapolis Motor Speedway
The Indianapolis Motor Speedway, the world’s largest spectator sporting facility, has been the worldwide leader in motorsports entertainment since opening in 1909. IMS will host the 106th Running of the Indianapolis 500 presented by Gainbridge on Sunday, May 29, 2022, the world’s most prestigious auto race. In 2022, IMS also hosts two NTT INDYCAR SERIES road races, on May 14 and July 30, and NASCAR Xfinity Series and Cup Series road races during Brickyard Weekend on July 30-31. The Racing Capital of the World also includes USAC NOS Energy Drink Midget National Championship and Intercontinental GT Challenge Powered by Pirelli/GT Challenge World Challenge America events. IMS, the NTT INDYCAR SERIES and IMS Productions are owned by Penske Entertainment Corporation, a wholly owned subsidiary of Penske Corporation, a global transportation, automotive and motorsports leader. To purchase tickets or for more information, please visit ims.com.
Cautionary Note
The companies in which Shell plc directly and indirectly owns investments are separate legal entities. In this press release “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 press release 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. 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 press 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 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”, “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 press 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; (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 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 risk factors that may affect future results are contained in Shell’s Form 20-F for the year ended December 31, 2021 (available at www.shell.com/investors and www.sec.gov). These risk factors also expressly qualify all forward-looking statements contained in this press release and should be considered by the reader. Each forward-looking statement speaks only as of the date of this press release, May 27, 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 press release.We may have used certain terms, such as resources, in this press release that the United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC. 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.[1Based 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 toenroll 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.