Browsing Tag
ARC Resources Ltd.
2 posts
ARC Resources exits TSX after Shell completes one of Canada’s biggest energy deals
Shell has completed its acquisition of ARC Resources at an updated US$16.5 billion enterprise value, immediately adding roughly 370,000 boe/d of Canadian production. About three-quarters of the equity consideration is being paid in Shell shares, while management expects the transaction to become accretive to free cash flow per share from 2027.
Shell earnings reach $9.8bn as refining boom funds another $3bn buyback
Shell posted $9.8 billion in adjusted earnings as record refining, higher prices and strong cash flow supported buybacks and expansion.