Shell, Penske extension sees Shell back for Castroneves at Indy 500

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With Shell and Pennzoil having had a longterm business relationship with Team Penske, today’s long-term extension through 2022 and beyond also means Shell’s relationship on Penske’s Verizon IndyCar Series program continues.

Helio Castroneves’s No. 3 Chevrolet will be adorned in Shell V-Power NiTRO+ colors at the 101st Indianapolis 500 presented by PennGrade Motor Oil on May 28, with Shell and Pennzoil continuing as associate sponsors on all Team Penske cars in the NASCAR Xfinity Series and IndyCar.

Castroneves’ car has had either Shell or Pennzoil on his car each of the last six Indianapolis 500s dating to 2011, but has not yet won an Indianapolis 500 with Shell or Pennzoil as the primary sponsor. The Rick Mears tribute “Yelio Submarine” ran in both 2014 and 2016, with the 2014 race a particularly tough loss as Castroneves came second by a fraction to Ryan Hunter-Reay.

INDIANAPOLIS, IN - MAY 17: Helio Castroneves appears at a Shell station on May 17, 2011 in Indianapolis, Indiana. (Photo by Michael Hickey/Getty Images for MATTER)
INDIANAPOLIS, IN – MAY 17: Helio Castroneves appears at a Shell station on May 17, 2011 in Indianapolis, Indiana. (Photo by Michael Hickey/Getty Images for MATTER)

Castroneves has had Shell V-Power for the Indianapolis 500 in 2011, Shell V-Power/Pennzoil Ultra in 2012 and 2013 and Shell V-Power Nitro+ in 2015.

In those six races, Castroneves has finished 17th, 10th, sixth, second, seventh and 11th.

“It’s an iconic sponsor; a partner actually, to be honest,” Castroneves said during the announcement at Daytona International Speedway for the Daytona 500.

“Since I was a kid in Brazil, watching Formula 1 and IndyCar, now I’m the one to be wearing that patch in my suit.

“I’m really excited to be back for the Indy 500. We’ll be with Shell NiTRO+ V-Power. They’re always innovating and in the technical part.

“We’re going for our fourth win… we’ve been so close. We know we can make it happen. We have the equipment and teammates to make it happen. It’s an amazing organization, and I’m so thankful to be part of it.”

Castroneves is the longest tenured active member of Team Penske’s driver lineup in all its series as he heads into his 18th season with the team and 20th overall since joining IndyCar in 1998.

Full-season teammates are defending champion Simon Pagenaud, 2014 champion Will Power and new recruit Josef Newgarden, with two-time Indianapolis 500 champion Juan Pablo Montoya joining the field in a fifth car for the ‘500.

Commercial partners for Montoya’s car haven’t yet been announced but with Menards (Pagenaud), Verizon (Power) and likely Verizon (Newgarden) for the ‘500, it stands to reason another of Penske’s longterm sponsors will be present for Montoya.

Roger Penske, who turned 80 earlier this week, made a great and key point during the Daytona announcement; he noted that of his 38 sponsors for the race team, he has business relationships with 25 of them.