Shell has announced the acquisition of the Canadian company ARC Resources for 16.4 billion dollars, adding 370,000 barrels of oil equivalent per day to its portfolio.

Shell, the British oil giant, announced on Monday that it has reached an agreement to acquire the Canadian company ARC Resources, valued at $16.4 billion. This transaction will add approximately 370,000 barrels of oil equivalent per day to Shell's portfolio, aiming to increase production in the long term. ARC Resources' assets are concentrated in the Montney shale basin in British Columbia and Alberta. Shell's CEO, Wael Sawan, described ARC Resources as a high-quality producer with low costs and low carbon emissions intensity, which will strengthen the group's resource base for decades. The transaction will be executed through a combination of cash and shares, with ARC shareholders set to receive CAD 8.20 and 0.40247 Shell shares for each share held. Shell estimates that the deal will generate double-digit returns and will increase free cash flow per share starting in 2027, in the context of the consolidation of hydrocarbon portfolios by major energy companies.