Shell plc reached a definitive agreement to acquire Canadian producer ARC Resources Ltd. for US$13.6 billion. This transaction represents Shell’s largest acquisition in more than a decade. The boards of both companies unanimously approved the deal.
The acquisition expands Shell’s footprint in Canada’s low-cost shale gas and liquid hydrocarbon sectors. The payment structure includes 25% cash. The remaining 75% of the transaction consists of shares.
CEO Wael Sawan intends for the deal to strengthen Shell’s long-term fossil fuel reserves. The move establishes Canada as a primary growth hub for the company.
The transaction is expected to close in the second half of 2026. Finalization remains subject to shareholder and regulatory approvals. Shell’s CEO and CFO will hold a question and answer session on April 28, 2026, to discuss the acquisition.