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Pennzoil-Quaker State Company Announces Suspension of Dividend Payment
 
    HOUSTON, Aug. 23 /PRNewswire-FirstCall/ -- Pennzoil-Quaker State Company
(NYSE: PZL) announced today that due to the expected merger with Shell Oil
Company it will not pay a dividend for the third quarter 2002.  The merger is
still expected to close in the second half of 2002.
SOURCE Pennzoil-Quaker State Company



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    CONTACT:
    media, Ray Scippa, +1-713-546-8942, or
    investors, Jay Roueche, +1-713-546-4961, both of Pennzoil-Quaker
    State Company
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