# Shell buys Calgary-based ARC Resources for $22 billion.

*business · news · 2026-04-28 · CBC.ca*

## Key points

- Shell is acquiring ARC Resources for $22 billion, marking its largest acquisition in a decade.
- Shell's deal signals a reversal of foreign divestment trends in Canada's oil and gas sector.
- The ARC acquisition positions Shell to potentially expand liquefied natural gas exports from Western Canada.
- LNG Canada, majority-owned by Shell, began operating in July 2025 and could see a second phase investment.
- Canada is now seen by supermajors as a secure, low-cost, long-term energy source after global disruptions.

**Companies:** Shell, ARC Resources
**Countries:** Canada, United Kingdom

[Read the full story on CBC.ca](https://www.cbc.ca/news/canada/calgary/bakx-shell-arc-resources-montney-alberta-9.7179152)

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