Shell PLC SHEL shares are trading lower Monday after the company said it agreed to acquire ARC Resources Ltd., a Montney-focused producer in British Columbia and Alberta, in a cash-and-stock transaction.

Shell plc is making a sizable move in North America, agreeing to buy ARC Resources Ltd. (AETUF) in a $16.4 billion cash-and-stock deal to

Nearly a decade after selling its dirtier Canadian oil sands assets amid the global transition to clean energy, Big Oil giant Shell is reversing course in Canada and buying ARC Re

Shell PLC.’s acquisition of Canada’s ARC Resources Ltd. marks a vote of confidence in Prime Minister Mark Carney’s push to expand the nation’s hydrocarbon exports beyond the traditional United States market, analysts say.

Shell plc agreed to buy Canadian oil and gas producer ARC Resources Ltd for US$13.6 billion, its biggest deal in more than a decade as it seeks to sustain output in the long term.

Shell’s $16.4 billion acquisition of ARC Resources is set to increase production, expand reserves, and reinforce its long-term strategy, reflecting a broader shift by energy majors toward oil and gas growth and stronger returns.

Shell plc has signed a deal to acquire ARC Resources Ltd. in a stock-and-cash deal valued at $22 billion, including assumed debt.
 ARC is an oil and natural gas producer focused on the Montney region in Alberta and northeast British Columbia.

On April 17, BNP Paribas downgraded Shell plc (NYSE:SHEL) to Neutral from Outperform with a $101 price target.