Shell Acquires Canadian ARC Resources for Access to Low-Cost Resources
Shell PLC has agreed to acquire Canada’s ARC Resources for $13.6 billion in equity value, gaining access to low-cost oil resources in the Montney shale region. The deal is expected to be free cash flow accretive from 2027 and add 1.26 billion barrels of oil equivalent in reserves. UBS maintains a 'Neutral' rating on Shell, citing the premium paid as a potential drag on share performance.
Tickers: $SHEL
Topics: acquisition ARC Resources free cash flow oil and gas resource life Shell synergies