Welcoming ARC to Shell
On 2 September 2026, Shell officially welcomed ARC Resources, an energy company focused in British Columbia and Alberta, Canada, to the Shell family having received all required shareholder, court and regulatory approvals.
“This is an exciting milestone for our company and our people," CEO Wael Sawan said. "We are delighted to welcome our new ARC colleagues as we bring together two outstanding businesses and begin the work of unlocking the full potential of our combined portfolios."
Shell’s strategy is focused on value over volume, investing in advantaged basins to support energy security and affordability.
The acquisition accelerates our strategy by adding approximately 370 thousand barrels of oil equivalent a day immediately across liquids and gas. It also increases Shell’s position in the Montney basin, a long-duration, low-cost resource where we already have material capability and infrastructure through our existing Groundbirch and Gold Creek positions.
Sawan added: “Through disciplined integration, we will build on the strengths of both organisations to unlock the value that underpins this transaction.”
The transaction is expected to generate double-digit returns, bolster long-term cash flows and be accretive to free cash flow share from 2027 onwards.
What makes ARC such a good fit for Shell?
ARC is one of Canada's leading energy producers, with a 30-year history developing high-quality natural gas and condensate resources. With operations across British Columbia and Alberta and a deep understanding of one of North America's most important energy regions, the company has earned a reputation for operational excellence and strong technical expertise.
As Wael noted when the transaction was announced, the combination of ARC's assets and expertise with Shell’s strong operational performance in the region creates a compelling proposition for the future.
This acquisition creates a heartland for Shell in Canada, growing our Upstream and Integrated Gas interests, including LNG, alongside our extensive Downstream businesses. Just as importantly, ARC is a strong cultural fit, with a proud Canadian identity, deeply embedded safety culture and values that closely align with our own.