SHEL is trading 3.1% down at $86.39 following the announcement of a definitive agreement to acquire Canadian energy firm ARC Resources in a deal valued at approximately $16.4 billion.
- The transaction involves a combination of cash and stock consideration, leading to investor concerns regarding significant capital deployment and potential shareholder dilution.
- The acquisition comes amid heightened energy sector volatility driven by geopolitical tensions in the Strait of Hormuz and elevated oil prices near $108 per barrel.