The purchase will boost the IOC’s access to shale gas and liquids production.
By
Channels Television
Updated April 27, 2026
British energy giant Shell said Monday it would acquire Canadian company ARC Resources in a $16.4 billion purchase to boost its access to shale gas and liquids production.
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“This establishes Canada as a heartland for Shell while furthering our strategy to deliver more value with less emissions,” said Shell CEO Wael Sawan in a statement.
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