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Logano extends contract with Penske, Shell-Pennzoil to continue sponsorship

Sean Gardner/Getty Images

Team Penske announced that the organization has reached an agreement with 26-year-old Joey Logano to drive for the team through the 2022 season and beyond. The multi-year extension ensures that the 2015 Daytona 500 Champion and 17-time Monster Energy Series NASCAR Cup Series (MENCS) winner will continue to be an integral part of the Team Penske organization.

The announcement follows the news that Team Penske partner Shell-Pennzoil will continue as the primary sponsor of the No. 22 Ford Fusion driven by Logano through the 2022 season and beyond.

"We are so proud of the driver Joey has become since joining our team in 2013 and all the success he has been a part of on the No. 22 team," said Roger Penske. "But more importantly, we are proud of the man that Joey has become. He has evolved into an effective leader both on and off the track. Joey is a great ambassador for all of our partners and his philanthropic work through his Joey Logano Foundation has been remarkable. Joey is the type of person we are proud to have at Team Penske and we are excited that he will be a big part of the team's future for many years to come."

Since joining Team Penske in 2013, Logano has earned 15 MENCS wins, nine NASCAR XFINITY Series (NXS) victories, three NXS Owners' titles and he has finished inside the top 10 in the Cup Series championship standings each season - including racing his way into the Final Four in the season finale two out of the last three years. Logano finished a career-best second in last season's Championship and won the season-opening Clash event at Daytona last weekend.

"I've known my entire life I wanted to be a NASCAR Cup Series driver," said Logano, who also won the 2016 NASCAR All-Star race. "Now, to be able to know that I get the opportunity to drive for Roger Penske for the foreseeable future where I can focus solely on winning races and championships, is a life-long dream for me. To know that our executives, our sponsors, my team and all of the employees at Team Penske have that much faith in me means so much and that type of commitment really says a lot about this team and this organization."

Logano began his racing career driving Legends and Bandoleros around the Southeast before moving to Late Models and eventually the Pro Cup Series and NASCAR Touring Series, where he garnered considerable national attention from several prominent NASCAR organizations. Just after his 18th birthday, he made his first NXS start and won his first race just two weeks later, becoming the youngest NXS winner in NASCAR history.

Moving up to the Cup Series ranks, Logano won his first MENCS race in his rookie season at 19, making him the youngest Cup winner in NASCAR history. He also holds the record for being the youngest NASCAR Cup Series Rookie of the Year.

Logano joined Team Penske in 2013 and found immediate success, winning a race and qualifying for the Chase in his first season. Building on that strong initial season, Logano earned five wins in 2014, a series-leading six victories in 2015 (including his first Daytona 500 victory) and three triumphs in 2016. His 14 wins since the start of the 2014 season are tied for the most in the series with seven-time Cup Champion Jimmie Johnson.

"This has been a great chapter of my life since joining Team Penske in 2013," added Logano. "It was really a second chance for my career. Since then, we've experienced a lot of success and a lot of great life moments, both on and off the track. Now, we have to go out there and continue to perform on the track. With Team Penske, Shell-Pennzoil, Autotrader, AAA, Ford and all of our partners showing their belief in me, I want to go out and show what I can do for them. I've worked really hard to get here. Now I need to embrace this commitment and take advantage of this awesome opportunity."

(Team Penske

AND: Shell and Penske Corporation announced a multi-year continuation of their ongoing business, technical and motorsport alliance. As part of the agreement, Shell and Pennzoil will continue sponsoring Team Penske entries in the Monster Energy NASCAR Cup Series and the Verizon IndyCar Series through the 2022 season and beyond. Shell and Pennzoil will also continue to be the preferred supplier of fuels, lubricants and related products to the Penske organization.

"Transportation and technology are what keep the world moving. Our alliance with Penske spans most of our downstream businesses and allows us to use the motorsport arena to test and develop more advanced products for the road," said Bruce Culpepper, President of Shell Oil Company. "Penske runs one of the most successful transportation businesses in the world and has a presence in many key countries with Shell operations. This alliance simply makes good business sense as we now do business together in the U.S., Canada, Germany, UK, Italy and Australia."

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

"Penske Corporation is proud to continue its partnership with Shell," said Roger Penske, Founder and Chairman, Penske Corporation. "Team Penske has enjoyed great success with Shell, both on and off the race track, and we are excited to build on our relationship well into the next decade with our teams, both in the Monster Energy NASCAR Cup Series and the Verizon IndyCar Series."

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

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

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

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

(Team Penske