Shell To Acquire ARC Resources In $16.4 Billion Deal

Shell has agreed to acquire ARC Resources in a deal valued at $16.4 billion, as reported Monday. The acquisition is aimed at boosting long-term oil and gas output.

According to the company, the deal will add around 370,000 barrels of oil equivalent per day to Shell’s portfolio, strengthening its presence in Canada’s Montney shale basin. Shell said the transaction includes $13.6 billion in equity value and $2.8 billion in debt and leases.

Shell buys Canadian shale producer ARC for $16bn https://t.co/s5wPofwmkU

— Financial Times (@FT) April 27, 2026

CEO Wael Sawan described ARC’s assets as high-quality and cost-efficient, adding they would support production growth for decades. The report said the deal is expected to deliver strong returns and increase free cash flow per share from 2027.

The move comes as major energy firms double down on core fossil fuel operations to secure supply. Shell shares dipped slightly following the announcement.

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