The transaction would boost Shell’s oil and gas production capabilities

Shell (SHEL) to acquire ARC Resources (ARX) for $16.4B, offering shareholders CAD 32.80/share—a 20% premium. Deal adds 2B barrels to Shell's portfolio.

Shell bolstered efforts to revive its core oil and gas enterprise with a major acquisition of Canada's ARC Resources.

The shortages of crude oil and liquefied natural gas caused by the shutdown of the Strait of Hormuz likely will drag on for months and possibly into next year, Shell CEO Wael Sawan said.

ARC Resources jumps on major acquisition deal with Shell, boosting outlook for LNG and Canadian energy assets.

Shell is looking to enhance its integrated gas portfolio and expand its presence in Canada with long-term Montney resources.

Shell completes a $14 billion acquisition of a Canadian shale company. Crude oil to hit $90 by June at 68% YES.

Buy Shell. The ARC deal adds ~370k boe/d and ~2B barrels of reserves, directly addressing the “reserves longevity” critique. Premium is reasonable for scale + operational overlap (Groundbirch/Gold Creek) and Shell funds 25% cash/75% shares,

Shell Plc Chief Executive Officer Wael Sawan said oil and liquefied natural gas shortages caused by the Strait of Hormuz blockade could continue for months and potentially into next year.