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Shell completes acquisition of ARC Resources

$SHELPress releaseSep 2, 2026, 5:00 PM ETRead the release

Shell plc has completed its acquisition of ARC Resources Ltd. after receiving all shareholder, court and regulatory approvals, adding approximately 370 kboe/d of liquids and gas production focused in British Columbia and Alberta. ARC shareholders receive CAD $8.20 in cash plus 0.40247 Shell shares per ARC share, an updated equity value of about US$13.9 billion funded with US$3.3 billion in cash and US$10.6 billion in new Shell shares; Shell also assumes roughly US$2.5 billion of net debt and leases, for an enterprise value of about US$16.5 billion.

Key figures

Deal Value Usd
16500000000
Production cagr
around 4% through 2030 vs 2025
Cash funding usd
3300000000
Equity value usd
13900000000
Fcf accretion start
2027
Enterprise value usd
16500000000
Net debt assumed usd
2500000000
Shell exchange ratio
0.40247
Cash per arc share cad
8.2
New shares funding usd
10600000000
Production added kboe d
370
Shell closing price gbp
£34.43

AI analysis

Red flags3 · Pro

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AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.

    SHEL: Shell completes acquisition of ARC Resources — AI Analysis | Signal8