# Shell PLC has agreed to buy Canadian oil and gas producer Arc Resources Ltd. for $22 billion.

*business · news · 2026-04-27 · Calgary Herald*

## Key points

- Shell PLC will acquire ARC Resources Ltd. for $22 billion, pending regulatory approvals.
- The offer is 0.40 Shell shares and $8.20 cash per ARC share, a 27% premium.
- The deal gives Shell access to ARC's Montney region oil and gas assets in Canada.
- Boards of both companies unanimously support the deal, expected to close in the year's second half.

**Companies:** Shell PLC, Arc Resources Ltd.
**Countries:** Canada

[Read the full story on Calgary Herald](https://calgaryherald.com/commodities/energy/oil-gas/shell-buy-arc-resources-22-billion/wcm/170e39c5-f9a0-41c4-8ae9-417c5d31b380)

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