Shell to acquire Canadian ARC Resources for $16.4B, boosting oil output by 370,000 barrels/day.

British oil giant Shell announced a $16.4 billion deal to buy Canadian energy firm ARC Resources, adding about 370,000 barrels of oil equivalent per day to its production. The acquisition targets ARC's low-cost, low-carbon intensity assets in Canada's Montney shale basin, strengthening Shell's long-term resource base. Shell expects the deal to generate double-digit returns and increase free cash flow per share starting in 2027. ARC shareholders will receive a mix of cash and Shell shares as part of the transaction.