Oracle Red Bull Racing has signed Sergio Perez to a two-year contract extension, the team announced Tuesday.
Since joining Red Bull at the end of 2020, Perez has enjoyed his most successful seasons in Formula One, finishing second in the standings last year.
“I am really happy to commit my future to this great team, it is a challenge like no other racing for Oracle Red Bull Racing, both on track and off track,” Perez said in a statement. “I am delighted to be staying here to continue our journey together and contribute to this team’s great history for two more years.
Being part of the team is an immense challenge, and one I love. We have a great challenge this year and I have full trust in the whole team that the future is bright here and I am excited to be part of it.
“I want to thank everyone for all the trust they are putting in me, it is a lot and I want to pay it back with excellent results on track, and off track. I think we have a lot of work to do, we have a lot more championships to win together.”
It was the first time Red Bull had ever achieved a one-two finish in the standings with teammate Max Verstappen winning the title.
Perez has also helped Red Bull point capture two constructors’ championships for Red Bull in 2022 and 2023.
The 34-year-old has five race wins to his name, 29 podium finishes and three pole positions with the team.
“Now is an important time to confirm our lineup for 2025 and we are very pleased to continue working together with Checo,” Christian Horner, CEO and team principal of Red Bull said. “Continuity and stability are important for the team and both Checo and Max are a successful and robust partnership, securing our first ever one-two finish for the team in the championship last year.
“Checo has had a strong start to 2024 with second places in Bahrain, Saudi Arabia and Japan and then his podium in China. The past few races have been tough, there is convergence on the grid, but we are confident in Checo and look forward to his return to proven form and performance, that we so often see.
“Last year was a unicorn season and we will need to work hard to retain our titles, but we are assured in our line up and with the Team as a whole, which is imperative in what is shaping up to be a close fought championship this year.”
Perez is currently fifth in the standings, 62 points behind points leader Verstappen.