Shell Completes ARC Resources Deal to Drive Long-Term Growth

Shell plc has completed its acquisition of ARC Resources Ltd., adding approximately 370 kboe/d of production and expanding its Montney basin position by over 1.5 million net acres. The deal, valued at $16.5 billion enterprise value and 75% stock-funded, is expected to boost Shell's production CAGR to ~4% through 2030 and generate double-digit returns with free cash flow accretion starting in 2027. The acquisition strengthens Shell's upstream portfolio and complements its LNG Canada operations.