Shell completes $13.9 billion acquisition of ARC Resources

Shell plc has completed its acquisition of ARC Resources Ltd. for approximately $13.9 billion, adding around 370,000 barrels of oil equivalent per day to its production capacity. The transaction, which includes an equity value of about $13.9 billion, will be funded through $3.3 billion in cash and $10.6 billion in new Shell shares.

The acquisition brings production from British Columbia and Alberta, Canada, and is expected to support a production compound annual growth rate of around 4% through 2030 compared with 2025. Shell's CEO, Wael Sawan, stated that the company welcomes ARC colleagues and looks forward to building on their high-performance culture, operational excellence, and technical expertise in Canada's Montney basin.

Brief written by urgent.news from Investing.com's own syndicated text. Machine-written — may contain errors; check the original before relying on it.