Shell agrees to acquire ARC Resources for $13.6 billion
Updated
Updated · Bloomberg · Apr 27
Shell agrees to acquire ARC Resources for $13.6 billion
14 articles · Updated · Bloomberg · Apr 27
The deal marks Shell's largest acquisition in over a decade and the first under CEO Wael Sawan, aiming to sustain long-term output.
ARC shareholders will receive C$8.20 cash and 0.40247 Shell shares per share, representing a 27% premium, with the transaction expected to close in the second half of 2026.
The acquisition expands Shell’s presence in Canada’s Montney shale, adding 370,000 barrels of oil equivalent per day and strengthening its fossil fuel reserves amid industry pressure to boost hydrocarbon resources.
Is Shell's huge premium for Arc a genius move for future energy or a costly fossil fuel gamble?
Can Shell's mega-deal for a shale gas firm genuinely align with its ambitious net-zero climate promises?
As foreign takeovers face scrutiny, will Canada approve Shell's acquisition of a key national energy champion?
Is Canada's cheap shale poised to overtake the US Permian as North America's top energy prize?
Why do other Canadian provinces ban the same fracking technology that Shell is now betting billions on?
Will Indigenous communities gain true equity ownership in this deal, or just more hollow consultation?