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Shell to Acquire ARC Resources for $22 B, Canada’s Largest Deal

4/28/2026

33 7 Full Breakdown

Summary

Story summary

Shell agreed to buy ARC Resources for $22 billion, largest foreign oil-and-gas deal in Canada since Chevron’s 2023 Hess purchase.
The transaction awaits regulator and shareholder sign-off and should close in the second half of 2026.
CEO Wael Sawan said the acquisition makes Canada a heartland for Shell after divesting most oilsands assets.
Analysts view the deal as part of a foreign-investment wave driven by low-cost gas and supply disruptions.

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Story summary

Shell agreed to buy ARC Resources for $22 billion, largest foreign oil-and-gas deal in Canada since Chevron’s 2023 Hess purchase.
The transaction awaits regulator and shareholder sign-off and should close in the second half of 2026.
CEO Wael Sawan said the acquisition makes Canada a heartland for Shell after divesting most oilsands assets.
Analysts view the deal as part of a foreign-investment wave driven by low-cost gas and supply disruptions.