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Shell to Acquire ARC Resources for $16.4 B, Boosts Montney Portfolio

4/28/2026

35 5 Full Breakdown

Summary

Story summary

Shell plc agreed to buy ARC Resources Ltd. in a $16.4 billion deal.
The $13.6 billion portion assumes $2.8 billion debt while ARC shareholders receive CAD 8.20 cash plus 0.40247 Shell shares per share, a 20 % premium.
The deal adds 370,000 boe/d and 2 billion boe of reserves, raising Shell’s Montney land to nearly 2 million net acres.
Both boards approved, with closing expected in the second half of 2026 after shareholder and regulator sign-off.

History

Historical Context

In 2016 Shell completed its $70 billion purchase of BG Group, expanding its LNG portfolio and making it the second-largest oil major. The 2024 deal to acquire Canada’s ARC Resources adds about 370,000 barrels-per-day and 2 billion barrels of reserves, extending Shell’s North-American footprint. Pending approval by 2026, the acquisition will influence regional supply and global markets.

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Story summary

Shell plc agreed to buy ARC Resources Ltd. in a $16.4 billion deal.
The $13.6 billion portion assumes $2.8 billion debt while ARC shareholders receive CAD 8.20 cash plus 0.40247 Shell shares per share, a 20 % premium.
The deal adds 370,000 boe/d and 2 billion boe of reserves, raising Shell’s Montney land to nearly 2 million net acres.
Both boards approved, with closing expected in the second half of 2026 after shareholder and regulator sign-off.

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