All articles tagged with #arc resources
Shell beat first-quarter forecasts with $6.92 billion in adjusted earnings as the Iran conflict pushed crude prices higher; the company cut buybacks to $3 billion, boosted the dividend by 5% to $0.3906 per share, and announced a $16.4 billion deal to acquire ARC Resources, while net debt rose to about $52.6 billion.
Shell plc has signed a definitive agreement to acquire ARC Resources Ltd. in a deal valued at about US$13.6 billion, funded with a mix of cash and Shell shares, adding ARC’s Montney assets to Shell’s portfolio and immediately growing production by about 370 thousand boe/d. The transaction is expected to boost Shell’s production CAGR to roughly 4% through 2030 and strengthen its LNG footprint in Canada, with completion anticipated in the second half of 2026 subject to shareholder, court and regulatory approvals; it is accretive to free cash flow per share from 2027 onward.