# In little over four years, Shell has bought back about a quarter of its shares.

*business · news · 2026-05-04 · The Sunday Times*

## Key points

- Shell's acquisition of ARC Resources is its largest in more than a decade, adding 370,000 barrels daily.
- Shell's proven reserve life fell to less than eight years of production, its lowest since 2021.
- Shell aims to grow LNG sales volume by 4-5% annually through 2030, betting on a 54-68% demand surge by 2040.
- A 350,000-barrel production gap is expected by 2035 due to previous asset disposals and flat oil production.

**Companies:** Shell, ExxonMobil, BP, ARC Resources, ConocoPhillips
**Countries:** Lebanon, United Kingdom, United States, Canada

[Read the full story on The Sunday Times](https://www.thetimes.com/business/energy/article/shell-ten-quarter-sprint-hq5qjxjx3)

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