Shell to acquire Canadian energy firm ARC Resources for $16.4B, boosting production and low-carbon gas output.

Shell plc has agreed to acquire Canadian energy company ARC Resources Ltd. for an enterprise value of approximately $16.4 billion, including $2.8 billion in net debt. The acquisition will increase Shell's production growth rate from 1% to 4% CAGR through 2030 and expand its low-cost, low-carbon intensity shale gas and liquids production in Canada's Montney basin. ARC shareholders will receive a mix of cash and Shell shares, representing a 20% premium over ARC's recent share price. The deal is expected to close in the second half of 2026, subject to approvals, and will be accretive to Shell's free cash flow per share from 2027 onward, supporting Shell's long-term growth and sustainability goals.