For 16.4 billion dollars, Shell reaches agreement to acquire Canadian ARC Resources
Portafolio Journalist 04/27/2026 09:56 Updated: 04/27/2026 09:56
TL;DR
- Shell is acquiring ARC Resources for $16.4 billion to bolster its North American natural gas operations.
- The deal is expected to increase Shell's daily production by approximately 370,000 barrels of oil equivalent.
- Shell anticipates raising its average annual production growth rate to 4% by 2030.
- ARC Resources operates in the Montney basin in Canada, known for natural gas and associated liquids production.
- The acquisition financing includes $3.4 billion in cash, $10.2 billion in Shell shares, and $2.8 billion in assumed debt and leases.
- The transaction is subject to shareholder and regulatory approvals, with an anticipated closing in the second half of 2026.
- The deal positions natural gas as a key transitional fuel amid global energy market volatility and the push for cleaner sources.