Shell completes acquisition of ARC Resources
Calgary, September 2, 2026 − Shell plc has completed the previously announced agreement (the “Arrangement Agreement”) to acquire ARC Resources Ltd. (“ARC”) (TSX: ARX), an energy company focused in British Columbia and Alberta, Canada, following receipt of all required shareholder, court and regulatory approvals. The acquisition accelerates Shell’s strategy by adding approximately 370 kboe/d…
Shell plc has completed its acquisition of ARC Resources Ltd., a Canadian energy company focused on British Columbia and Alberta. The deal, which received all necessary shareholder, court, and regulatory approvals, adds approximately 370,000 barrels of oil equivalent per day across liquids and gas production to Shell.
The acquisition has an equity value of around $13.9 billion, with Shell assuming approximately $2.5 billion in net debt and leases, resulting in an enterprise value of approximately $16.5 billion. According to Investing.com, the equity value will be funded through $3.3 billion in cash and $10.6 billion in new Shell shares.
The acquisition is expected to support Shell's production compound annual growth rate of around 4% through 2030 compared with 2025. Shell's Chief Executive Officer Wael Sawan noted that the acquisition increases Shell's exposure to Canada's Montney basin, where ARC Resources has technical expertise.
Brief written by urgent.news from Financial Post, Investing.com — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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