{"id":101238,"date":"2026-04-27T12:39:08","date_gmt":"2026-04-27T12:39:08","guid":{"rendered":"https:\/\/christiancorner.us\/index.php\/2026\/04\/27\/oil-giant-shell-has-agreed-to-buy-canadas-arc-resources-for-16-4-billion\/"},"modified":"2026-04-27T12:40:13","modified_gmt":"2026-04-27T12:40:13","slug":"oil-giant-shell-has-agreed-to-buy-canadas-arc-resources-for-16-4-billion","status":"publish","type":"post","link":"https:\/\/christiancorner.us\/index.php\/2026\/04\/27\/oil-giant-shell-has-agreed-to-buy-canadas-arc-resources-for-16-4-billion\/","title":{"rendered":"Oil giant Shell has agreed to buy Canada&#8217;s ARC Resources for $16.4 billion."},"content":{"rendered":"<p>\n<\/p>\n<div id=\"RegularArticle-ArticleBody-5\" data-module=\"ArticleBody\" data-test=\"articleBody-2\" data-analytics=\"RegularArticle-articleBody-5-2\"><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"\/><\/p>\n<div class=\"InlineImage-imageEmbed\" id=\"ArticleBody-InlineImage-108138601\" data-test=\"InlineImage\">\n<div class=\"InlineImage-wrapper\">\n<div>\n<p>The logo of a Shell gas station is displayed in Austin, Texas on February 13, 2025.<\/p>\n<p>Brandon Bell | Getty Images News | getty images<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p>British oil major <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-1\">shell<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span>    Said on Monday it has agreed to a deal to buy Canadian energy company ARC Resources in a deal valued at $16.4 billion.<\/p>\n<p>The transaction will add the equivalent of approximately 370,000 barrels of oil per day to Shell&#8217;s portfolio and is designed to boost the London-listed firm&#8217;s long-term oil and gas production. <\/p>\n<p>Shell CEO Val Savan has described ARC Resources, which focuses on the Montney Shale Basin in British Columbia and Alberta, Canada, as &#8220;a high quality, low cost and top quartile low carbon intensity producer&#8221; that will strengthen the firm&#8217;s resource base for decades. <\/p>\n<p>&#8220;We are approaching the uniquely located assets and welcoming partners who bring deep expertise, which combined with Shell&#8217;s strong basin level performance, provides an attractive proposition for shareholders,&#8221; Savan said in a statement. <\/p>\n<p>ARC Resources President and CEO Terry Anderson welcomed the announcement, saying the firm&#8217;s assets and employees &#8220;will play a vital role in helping Shell further strengthen Canada&#8217;s resource landscape while also providing the secure energy the world needs.&#8221;<\/p>\n<p>Shell said the deal would generate double-digit returns and boost free cash flow per share from 2027. The company expects to pay ARC Resources shareholders 8.20 Canadian dollars ($6.03) in cash and 0.40247 ordinary shares for each ARC Resources share.<\/p>\n<p><em><strong>This is breaking news. Please refresh for updates.<\/strong><\/em><\/p>\n<\/div>\n<div class=\"ArticleBody-googlePreferredSourceContainer\" data-module=\"GooglePreferredSource\" data-id=\"RegularArticle-GooglePreferredSource-5\">Choose CNBC as your favorite source on Google and never miss a moment of the most trusted name in business news.<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The logo of a Shell gas station is displayed in Austin, Texas on February 13, 2025. Brandon Bell | Getty Images News | getty images British oil major shell Said on Monday it has agreed to a deal to buy Canadian energy company ARC Resources in a deal valued at $16.4 billion. The transaction will<\/p>\n","protected":false},"author":1,"featured_media":101239,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[56],"tags":[8388,25954,2688,1224,11431,3300,415,3556,1130],"class_list":{"0":"post-101238","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bible-news","8":"tag-agreed","9":"tag-arc","10":"tag-billion","11":"tag-buy","12":"tag-canadas","13":"tag-giant","14":"tag-oil","15":"tag-resources","16":"tag-shell"},"_links":{"self":[{"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/posts\/101238","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/comments?post=101238"}],"version-history":[{"count":1,"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/posts\/101238\/revisions"}],"predecessor-version":[{"id":101240,"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/posts\/101238\/revisions\/101240"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/media\/101239"}],"wp:attachment":[{"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/media?parent=101238"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/categories?post=101238"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/tags?post=101238"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}