Shell to acquire Canadian energy firm ARC Resources, boosting production and low-carbon gas assets.

Shell plc has agreed to acquire Canadian energy company ARC Resources Ltd, adding 370,000 barrels of oil equivalent per day to its production and increasing its growth rate to 4% CAGR through 2030. The deal enhances Shell's position in Canada's Montney shale basin, known for low-cost, low-carbon intensity gas and liquids, and is expected to generate double-digit returns and boost free cash flow per share from 2027. ARC shareholders will receive a mix of cash and Shell shares valued at approximately US$13.6 billion equity, with the transaction expected to close in the second half of 2026 after approvals. This acquisition supports Shell's strategy to grow sustainably while maintaining strong financial discipline and climate targets.