Callum Ilott has not been cleared to drive this coming weekend because of his injury suffered in Sunday’s Indianapolis 500. Santino Ferrucci will drive the number 77 entry for Juncos Hollinger Racing. Ferrucci subbed for Jack Harvey at Texas and finished ninth. Ferrucci finishe 10th in the 500 driving for Dreyer and Reinbold Racing.
Callum Ilott. Indycar photo by Chris Jones
The full statement from Juncos Hollinger racing:
Indianapolis, IN (June 1, 2022) – After further evaluation of NTT INDYCAR SERIES rookie Callum Ilott, from the injury he sustained during the 106th running of the Indianapolis 500, Ilott has not been cleared to drive this weekend in the Chevrolet Detroit Grand Prix. Santino Ferrucci will replace Ilott in the No. 77 JHR Chevrolet for one event.
Ricardo Juncos and Santino Ferrucci
JHR and Ilott respect the decision made by the INDYCAR Medical Team and are committed to getting the young Britain back on track as soon as he is well and cleared. Ilott was reevaluated this week after an injury suffered to his hand caused during his wreck at the Indianapolis Motor Speedway. Ilott will go through another evaluation next week.
“Obviously I am devastated not to be racing this weekend in Detroit,” said Ilott. “After speaking with the doctors and specialists here in Indy the damage to my hand was slightly worse than when first looked at. They suggested that the long-term healing was the top priority and any damage that could be done in the short term by racing would be a longer-term problem. So, after learning this I agreed with the medical team’s decision that I would not be cleared and would spend more time healing. Although I would have loved to be racing, I wanted to preserve myself and focus on my health. I spoke with Ricardo (Juncos) and Brad (Hollinger) and we came to a same conclusion for the benefit of the team. I will be with the team this weekend and supporting Santino and providing any guidance I can. I am sorry that I won’t be in the car this weekend but know this is the right decision.”
“This is a very difficult scenario for Ilott and JHR,” said JHR Co-owner and Team Principal Ricardo Juncos. “Together we are looking at the long-term view, so keeping Ilott out of the car to take the necessary time to heal was most important, so we support the INDYCAR’s evaluation. Callum has already proven to be a strong contender this year and we want to keep building on that, so we all agree this is the best decision for this weekend.”
Santino Ferrucci brings a great deal of experience to JHR, having run in the NTT INDYCAR SERIES since 2018. The American recently competed in the Indianapolis 500 with Dreyer and Reinbold Racing finishing 10th and at Texas Motor Speedway with Rahal Letterman Lanigan Racing finishing ninth.
“Although I am happy to be back in the car, it’s unfortunate for Callum under the circumstances,” said Ferrucci. “I hope his hand heals really quickly and he is back on track soon. I’m just here to help with the team and see if we can get them a really good result and bring in some different knowledge from my experience in Detroit. I am looking forward to having some fun and carrying the momentum I have from Indy. I can’t thank the guys over at Juncos Hollinger enough with in trusting me this weekend and hopefully it goes really smoothly.”
“We want to thank Santino Ferrucci for graciously stepping in to help us out in the No. 77 Chevrolet at Detroit,” said Juncos. “To have a driver of high caliber like Santino will be a great assist to our team. We will provide any support necessary to Santino this weekend as we get him settled in the car.”
“This is a tough moment for all of us here at JHR, but we are all confident this is what’s best for the health and healing of Callum,” said Co-Owner Brad Hollinger. “The support Callum has for this team and the support we all have for Callum, shows the unity of everyone at JHR. We are all here to fully support Santino this weekend and thank him for stepping in on such short notice.”
If you’re shocked by this, you haven’t been paying attention. This announcement takes the mystery out of Friday’s team announcement.
The Andretti release:
06.01.22
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Andretti Autosport has today announced that NTT INDYCAR SERIES rookie and 2021 Indy Lights presented by Cooper Tire Champion Kyle Kirkwood will pilot the No. 27 AutoNation Honda starting in the 2023 season.
“I couldn’t be more excited to return to Andretti Autosport next year and represent AutoNation and Honda.” said Kirkwood. “Andretti Autosport is a place I’ve called home for years past and I have truly felt like family. I have a ton of loyalty to the team, and it means a lot to have Michael and the Andretti team offer me this opportunity. AutoNation has been doing great work in raising awareness and funding for cancer research. I’m honored to Drive Pink (DRVPNK) next season.”
Kirkwood continued, “I have worked extremely hard this season and will continue to work harder every day for the A.J. Foyt team. I want to thank the entire team at A.J. Foyt Racing for giving me the opportunity to compete in the NTT INDYCAR SERIES. The group on the No. 14 car have been incredible and I am beyond grateful to them for all the amazing experiences we have been able to share together so far this season.”
AutoNation, America’s largest and most admired automotive retailer, will serve as the primary sponsor for the full 2023 racing calendar as they drive towards $35 million donated in the fight against cancer. As a long-time partner with the championship-winning organization, AutoNation and DRVPNK have appeared on race cars across the Andretti Autosport INDYCAR team since 2014.
“We really enjoyed having Kyle as part of our Indy Lights team and he’s off to a strong start in INDYCAR,” said Andretti Autosport Chairman and CEO Michael Andretti. “I think he’ll bring a fresh perspective and will be competitive. We are looking forward to helping him continue his career growth.
“AutoNation first joined the team eight years ago and we’ve been thrilled to see how their support has continued to grow over the years. We’ve seen a lot of successes both on and off the track and are excited to see what Kyle and AutoNation can do together for the DRVPNK campaign.”
“We are excited to welcome Kyle to the team and for the passion and commitment he will bring to our mission to drive out cancer, through DRVPNK,” said Marc Cannon, AutoNation CXO and EVP. “We would also like to wish Alexander all the best and thank him for his endless efforts to support AutoNation’s mission to drive out cancer over the years.”
With this move, it is confirmed that Alexander Rossi will depart the team at the conclusion of the 2022 season after seven years. Together, Rossi and Andretti have captured seven wins, including the 100th Running of the Indianapolis 500 in Rossi’s rookie 2016 INDYCAR campaign.
“Alexander has been a great contender for us, and we’ve enjoyed having him as part of the team for seven seasons,” added Andretti. “He’s won races and become a leader in the team, but all careers and all teams evolve, and we’ve mutually decided it’s time for each of us to move on. I have no doubt he’ll have a continued, successful INDYCAR career and we wish him the best. In the meantime, we are all working hard to finish the 2022 season strong.”
Marcus Ericsson celebrates with car owner Chip Ganassi. Indycar photo by Joe Skibinski
Everything about yesterday’s 106th running of the Indianapolis 500 felt like a race day in the 1980s- the huge crowd, the electric tingling buzz in the atmosphere, even the way the race played out- had an 80s feel to it. Roger Penske and Doug Boles have worked hard to restore the glory of the 500 after two devastating years of the pandemic. The real proof of their success will be in seeing the momentum of 2022 continuing for the next several years.
The Speedway expected 300,000 fans. i think they had more than that. It was great to see the stands packed again. G stand, where I sit, was fuller than I’ve ever seen it, including in 2016. The infield crowd across the way was definitely larger than I ever recall.
The Race- Classic Style
This was not the best 500 I’ve ever seen, but it was far from the worst. It was darn good race, though. Most of the drama came in the pits where strong pre race favorites Alex Palou and Scott Dixon lost their chances at winning.
The race had a feel of a race in the 1980s, where a strong favorite would dominate only to drop out out of contention due to some misfortune. Yellows occurred at untimely moments, jumbling the field. One driver, usually a darkhorse like Marcus Ericsson, would emerge victorious.
The Lost Boys of Indy
Two teams that used to dominate Indy, Team Penske and Andretti Autosport, have been MIA the last two years. Yesterday Josef Newgardens’s 13th place finish was the best for the team. Both Newgarden and Will Power had issues in the pits. neither was a serious threat to win.
Alexander Rossi’s fifth place finish salvaged a miserable day for Andretti. Rookie Devlin DeFrancesco was the next best on the team with a 20th place result.
Rookies
The four rookies with long term futures finished in a tight pack from 16th to 20th, with veteran Ed Carpenter in 19th. David Malukas ran a steady pace all day and ended 16th after starting 13th. Kyle Kirkwood arguably had the best drive of the day among the rookies, coming from 28th on the grid to come home 17th.
Christian Lungaard finished 18th. Crashes took out Jimmie Johnson, Callum Ilott, and Romain Grosjean.
Red Flag
I still maintain that the red flag was a horrible call and did nothing to enhance the finish. I will die on this hill. Fans are not entitled to a green flag finish. Some races just don’t have exciting finishes. This is not a video game.
The race ended under yellow anyway, so stopping the race was a moot point. If track safety structures weren’t compromised, there is no need for a red flag in that situation.
21st Century Mario?
Scott Dixon at driver introductions yesterday. Indycar photo by Joe Skibinski
Scott Dixon is becoming the new Mario Andretti. He has one Indianapolis 500 victory, which is a great accomplishment. He also has six Indycar titles and needs just one more win to tie Andretti for second place on the career win list.
Yesterday Dixon passed Al Unser for the most laps led in 500 history.
Like Mario, Dixon has had multiple chances to win a second 500 and has come up short. Similarly, he does not need to win a second 500 to seal his legacy. Dixon is one of the all time greats in Indycar racing no matter how many 500s he has won.
His role, however, is becoming clear as his window of opportunity narrows. Dixon will be an excellent ambassador for the sport when he retires as the mantle passes from Mario.
What started as a tag team fuel saving race quickly turned into a race from the 1980s with strong cars dropping out of contention due to strange circumstances and a winner who was considered to have an outside shot taking the checkered flag. What looked like a Ganassi 1-2 blowout turned into a free for all.
The timing of the yellows left the outcome sufficiently in doubt.
In the end, a Ganassi car won. Congratulations to Marcus Ericsson. He drove a calculated race and he had the strongest car at the end.
Since Marcus Ericsson joined Ganassi, I have felt he was a bit underrated. he wasn’t one of my top choices to win today, but I felt he was someone to watch out for.
Losing at the Pit Line
Alex Palou was the victim of timing. he entered pit lane just as the caution came out. The penalty gave him no shot at the win, but he did claw back to ninth.
I can’t remember Scott Dixon making an unforced error on a pit stop. It happened so late in the race that he didn’t have time to recover. I’m beginning to wonder if he will ever win another race. Today seemed like a lock.
Team Finishes
Despite the two Ganassi favorites Dixon and Palou losing their chance to win, Ganassi cars finished first, third, and ninth.
Arrow McLaren SP had finishes of second and fourth. Both Pato O’Ward and Felix Rosenqvist had cars capable of winning. Their split strategy late when Rosenqvist pitted early nearly got them to Victory Lane. I didn’t think their cars had quite the pace of the Ganassi cars, but their tactics nearly worked.
TK’s Last Dance?
If this was Tony Kanaan’s final 500, he went out strong. He finished third and led six laps. Kanaan was in the mix all day. I hope he comes back.
Movers
Four drivers who started 16th or worse finished in a group in the top ten. Alexander Rossi finished fifth from 20th; Conor Daly was sixth after lining up in 18th; Helio Castroneves went from 27th to seventh; and Simon Pagenaud finished eighth from 16th on the grid.
The biggest mover of the race was Juan Pablo Montoya, who started 30th and finished 11th.
Five of the drivers involved in crashes today had three years or less Indycar experience. Three were Indy 500 rookies.
After the race it looked like Ericsson was going to stop on track and celebrate in a similar manner to Castroneves and Pagenaud did. Instead he pulled into pit lane at the last possible moment. Did Indycar order him to go directly to the Victory Podium? If so, why?
I will have a more extensive race wrap up tomorrow. Thanks for following along for the last three weeks. I have had a lot of fun this month.
106th Running of the Indianapolis 500 presented by Gainbridge Fast Facts Race weekend: Friday, May 27 – Sunday, May 29 Track: Indianapolis Motor Speedway, a 2.5-mile oval Media Links: Indianapolis 500 Starting Lineup (PDF) | Driver Video Quotes (individual driver quotes posted to content.indycar.com) | Trackside Media Guide (Interactive PDF posted to content.indycar.com) Race distance: 200 laps / 500 miles Firestone tire allotment: Thirty-four sets for use throughout the event. Twitter: @IMS @IndyCar, #Indy500 #ThisIsMay, #IndyCar Event website: www.ims.com INDYCAR website: www.IndyCar.com 2021 race winner: Helio Castroneves (No. 06 AutoNation/SiriusXM Honda) 2022 NTT P1 Award winner: Scott Dixon (No. 9 PNC Bank Chip Ganassi Racing Honda), 2:33.8162, 234.046 mph (four laps) NBC race broadcast: Sunday, May 29 (11 a.m. ET)Mike Tirico serves as host for NBC’s telecast of the 106th Indianapolis 500 alongside Danica Patrick, Dale Earnhardt Jr. Leigh Diffey will be the play-by-play announcer alongside analysts Townsend Bell and James Hinchcliffe. The pit reporters are Marty Snider, Kevin Lee, Dave Burns and Dillon Welch. Rutledge Wood also will participate in the telecast’s pre-race show. Telemundo Deportes on Universo will provide a Spanish-language telecast with Omar Amador and Sergio Rodriguez providing commentary on Universo and streaming on TelemundoDeportes.com and the Telemundo Deportes app. Milka Duno will serve as a studio guest .Peacock Premium Live Streaming: The Indianapolis 500 and the Indy 500 Victory Celebration will stream live on Peacock Premium, NBC’s direct-to-consumer livestreaming product. INDYCAR Radio broadcasts: Race Day: 11 a.m. Sunday. Mark Jaynes is the chief announcer alongside analyst Davey Hamilton. Nick Yeoman (Turn 1), Michael Young (Turn 2) Jake Query (Turn 3) and Chris Denari (Turn 4) are the turn announcers with Ryan Myrehn, Alex Wollf, Rob Blackman and Scott Sander on pit road. At-track schedule (all times local): SUNDAY, MAY 29 10:30 a.m. – Cars to the Grid 11:47 a.m. – Driver Introductions 12:18 p.m. – Indy 500 Pre-Race Ceremonies 12:29 p.m. – “Drivers to Your Cars” 12:38 p.m. – Command to Start Engines12:45 p.m. – 106th Indianapolis 500 presented by Gainbridge (200 laps/500 miles), NBC, Telemundo Deportes on Universo, INDYCAR Radio Network. RACE NOTESThe Indianapolis 500 will be the 106th 500-mile INDYCAR SERIES race conducted on the Indianapolis Motor Speedway’s oval. Ray Harroun won the inaugural race in 1911. Helio Castroneves won the race in 2021 to become the fourth four-time winner of “The Greatest Spectacle in Racing.” Eight drivers entered have won the Indianapolis 500. Helio Castroneves has won the race four times (2001, 2002, 2009 and 2021) while Takuma Sato (2017 and 2020) and Juan Pablo Montoya (2000 and 2015) have won twice. Scott Dixon (2008), Tony Kanaan (2013), Alexander Rossi (2016), Will Power (2018) and Simon Pagenaud (2019) are the other former winners in the field. There have been four different winners in the first five NTT INDYCAR SERIES races this season. Scott McLaughlin (Streets of St. Petersburg), Josef Newgarden (Texas Motor Speedway and Streets of Long Beach), Pato O’Ward (Barber Motorsports Park) and Colton Herta (IMS road course) have won races in 2022. The record for most different winners in a season is 11 in 2000, 2001 and 2014.Seven Indianapolis 500 rookie drivers qualified for the race: Devlin DeFrancesco, Romain Grosjean, Callum Ilott, Jimmie Johnson, Kyle Kirkwood, Christian Lundgaard and David Malukas. Scott Dixon won the pole with the fastest four-lap average for a pole winner in Indy 500 history at 234.046 mph. Twenty-one drivers have won the race from the pole – most recently Simon Pagenaud in 2019. Team Penske has 18 wins at Indianapolis Motor Speedway, the most of any team. Andretti Autosport has five wins while Chip Ganassi Racing has won four times. A.J. Foyt Enterprises and Rahal Letterman Racing have won twice. Meyer Shank Racing has one win .Colton Herta has a chance to join Will Power and Simon Pagenaud as a winner on both the Indianapolis Motor Speedway road course and the famed 2.5-mile oval in the same season. Power accomplished the feat in 2018, while Pagenaud did it in 2019.Scott Dixon, the longest-tenured driver for Chip Ganassi Racing, is third on the all-time INDYCAR SERIES victory list with 51 wins. Will Power is fifth on the all-time list with 40 wins.
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.
Efforts will include variety of sustainability initiatives to help reduce carbon footprint within NTT INDYCAR SERIESI 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.
Shell, Pennzoil To Build on Long-Standing Relationship with NTT INDYCAR SERIES, Indianapolis Motor Speedway, Team PenskeMultiyear 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.[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 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 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.[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 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.
