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Shell's $16.4B ARC Deal Boosts Output, Reserves
Description
Shells acquisition of ARC Resources boosts daily output by 370,000 barrels, addressing production decline and enhancing LNG Canada plant integration. The deal adds 2 billion barrels in reserves, raises production growth target to 4% annually, and secures long-term liquids production at 1.4 million barrels per day. The payout includes 25% cash and 75% Shell stock at a 20% premium. ARCs team will discuss Q1 2026 results, while Shell shares initially dipped in early trading.
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