Shell Acquires ARC Resources for $16 Billion to Expand in Canada's Energy Sector
Shell has agreed to acquire ARC Resources Ltd. for $16.4 billion, including $2.8 billion in net debt, to expand its presence in Canada's Montney basin. The deal, valued at $13.6 billion in equity, is expected to boost Shell's production growth to 4% through 2030. The transaction is subject to regulatory and shareholder approvals and is anticipated to close in the second half of 2026.
Topics: acquisition ARC Resources energy Montney basin oil and gas Shell