Shell completes acquisition of energy producer ARC Resources in Canada
Energy major Shell finalised its acquisition of ARC Resources following regulatory approvals securing oil and gas exploration assets across British Columbia and Alberta
Calgary, AB, September 3, 2026 - Shell plc has finalized the acquisition of ARC Resources Ltd., an energy company operating in British Columbia and Alberta, Canada. This marks the completion of the previously announced Arrangement Agreement, pending shareholder, court, and regulatory approvals. The acquisition strengthens Shell's strategy by adding approximately 370 kboe/d of production capacity, contributing to a projected production CAGR of around 4% through 2030.
Shell's CEO, Wael Sawan, expressed enthusiasm for integrating ARC colleagues into Shell's operations, highlighting their high-performance culture and expertise in Canada's Montney basin. The deal increases Shell's exposure to low-cost, long-duration liquids production. Upon completion, ARC shareholders will receive CAD $8.20 in cash and 0.40247 Shell shares per ARC share, equating to an estimated equity value of US$13.9 billion.
Shell will assume approximately US$2.5 billion in net debt and leases, resulting in an enterprise value of US$16.5 billion. The equity value, funded through cash and new shares, is expected to generate double-digit returns and improve long-term cash flows from 2027 onward.
Written by urgent.news from Vietnam Investment Review's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
