Shell expands with $16.5B ARC Resources buy and full Tri Star Energy takeover

Shell plc completed a $16.5 billion acquisition of ARC Resources Ltd., boosting its production by 370,000 barrels of oil equivalent per day and targeting 4% annual growth through 2030. The company also agreed to acquire the remaining 67% of Tri Star Energy, gaining full control of 320 retail fuel sites and supply agreements for 552 dealer locations in the U.S. Additionally, Shell and Chevron signed a non-binding agreement to explore acquiring production rights in Ghana's offshore oil and gas block. These moves significantly expand Shell's energy production and retail footprint, positioning it for growth in North America and potential entry into Ghana's energy sector.