Shell Acquires Canadian Energy Company ARC Resources for $13.6 Billion
Shell has agreed to acquire Canadian energy company ARC Resources for $13.6 billion, enhancing its LNG production capacity and diversifying global supply away from the Middle East. The deal is expected to boost Shell's oil and gas production through 2030 and comes amid disruptions in the global LNG market due to geopolitical tensions.
Tickers: $SHEL
Topics: ARC Resources Energy LNG M&A Shell