Shell Completes ARC Resources Deal to Drive Long-Term Growth

SHEL closed its $16.5 billion enterprise value acquisition of ARXCY, adding 370,000 barrels of oil equivalent per day of production and more than 1.5 million net acres in the Montney basin. The deal was funded 75% with stock.

The acquisition is projected to lift SHEL's production compound annual growth rate to approximately 4% through 2030. Management expects the combined assets to deliver double-digit returns and generate free cash flow accretion beginning in 2027. The expanded Montney position complements SHEL's LNG Canada operations, strengthening the company's integrated upstream-to-export position in Western Canada.

The transaction marks one of the largest North American upstream deals completed this year and shifts SHEL's portfolio mix toward natural gas and liquids-rich production ahead of LNG Canada's first-phase startup.