# Shell agrees to buy Canada’s ARC Resources in a $16.4-billion deal.

*business · news · 2026-04-27 · OilPrice*

## Key points

- Shell will acquire ARC Resources for $16.4 billion, adding about 370,000 boed to production.
- The acquisition gives Shell access to 2 billion barrels of reserves, directly bolstering LNG Canada supply.
- ARC's output helps Shell raise its annual production growth target for the decade from 1% to 4%.
- Shell's $16.4 billion ARC buy is one of the largest upstream deals since Chevron acquired Hess.
- The deal is expected to extend Shell’s reserve life and boost free cash flow per share from 2027.

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

[Read the full story on OilPrice](https://oilprice.com/Latest-Energy-News/World-News/Shell-Bets-164-Billion-On-Canadian-Gas-In-Major-LNG-Growth-Push.html)

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