Oil giant Shell agrees to buy Canada’s ARC Resources for $16.4 billion

The Shell gas station logo is displayed on February 13, 2025 in Austin, Texas. Brandon Bell | Getty Images News | Getty Images British oil major Shell on Monday said it agreed a deal to buy Canadian energy company ARC Resources in a deal valued at $16.4 billion. The transaction will add roughly 370,000 barrels of oil equivalent per day to Shell's portfolio and is designed to boost the London-listed firm's long-term oil and gas production. …