Shell has agreed to buy Canadian shale company ARC Resources for $13.6 billion, in a move to boost its production capabilities at a time when prices have jumped. The oil giant announced on Monday that it had entered into an agreement to acquire the Calgary-headquartered group, which will add 370,000 oil-equivalent barrels per day.

Shell (NYSE: SHEL) is making a big splash. The global integrated energy giant has agreed to acquire Canadian energy company ARC Resources (TSX: ARX) for $13.6 billion. The deal wi

Shell’s $16.4 billion acquisition of ARC Resources is set to increase production, expand reserves, and reinforce its long-term strategy, reflecting a broader shift by energy majors toward oil and gas growth and stronger returns.

Shell bolstered efforts to revive its core oil and gas enterprise with a major acquisition of Canada's ARC Resources.

Shell is doubling down on North American gas in a major bet on long-term LNG demand, agreeing to buy Canada’s ARC Resources in a $16.4-billion deal

British corporation Shell has announced the purchase of Canadian company ARC Resources, engaged in the production of oil and natural gas. The deal, which will be paid mostly in shares, is valued at $16.

Shell is set to expand its reach in Western Canada with a deal to buy Arc Resources, a move expected to boost production at a time when Canada is looking to grow energy exports.

On April 17, BNP Paribas downgraded Shell plc (NYSE:SHEL) to Neutral from Outperform with a $101 price target.