Shell completes acquisition of ARC Resources
Shell plc completed its acquisition of ARC Resources Ltd. (TSX: ARX) on September 2, 2026, closing the previously announced Arrangement Agreement after receipt of all required shareholder, court and regulatory approvals. ARC shareholders will receive CAD $8.20 in cash plus 0.40247 Shell shares per ARC common share, for an equity value of approximately US$13.9 billion and an enterprise value of roughly US$16.5 billion including US$2.5 billion of assumed net debt and leases; the equity value is funded with US$3.3 billion of cash and US$10.6 billion in new Shell shares.
Key figures
- Deal Value Usd
- 16500000000
- Production cagr
- around 4% through 2030 compared with 2025
- Cash funding usd
- 3300000000
- Equity value usd
- 13900000000
- Production added
- approximately 370 kboe/d across liquids and gas
- Share funding usd
- 10600000000
- Net debt assumed usd
- 2500000000
- Per share consideration
- CAD $8.20 cash plus 0.40247 Shell shares per ARC common share
- Shell reference share price
- GBP £34.43 close on September 2, 2026
AI analysis
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