Racing point

Oracle Red Bull Racing: Mexican driver Sergio Perez has signed a two-year contract extension and will continue at Red Bull Racing till the end of the 2026 Formula 1 season. Perez’s existing deal – signed in 2022 – was set to expire at the end of the current campaign, but Red Bull have moved to keep him onboard for at least the next two terms.

The 34-year-old Perez is currently fifth in the 2024 Drivers' Standings with 107 points in the list topped by Max Verstappen of the Netherlands with 169 points.

The Mexican driver's decision to agree to a two-year contract extension comes amid a particularly busy driver market, with most outfits yet to confirm their full driver line-ups and plenty of conversations taking place behind the scenes. Perez, though, will be extending his stay at Red Bull into a landmark fifth season and beyond, having joined the squad from Racing Point – now Aston Martin – back in 2021.