Shell completes $13.9 billion acquisition of ARC Resources

Shell plc has successfully completed its $13.9 billion acquisition of ARC Resources Ltd., following the receipt of all necessary approvals from shareholders, courts, and regulators. The transaction, valued at approximately $13.9 billion, involves ARC shareholders receiving CAD $8.20 in cash and 0.40247 Shell ordinary shares for each ARC common share.

The acquisition adds about 370,000 barrels of oil equivalent per day to Shell's operations and is expected to generate double-digit returns, becoming accretive to free cash flow per share from 2027 onwards. Shell CEO Wael Sawan welcomed ARC colleagues to the company, highlighting the acquisition's alignment with its production growth targets and its strategic complement to Shell's existing businesses in Canada.

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