Shell Acquiring Calgary-Based ARC Resources for $22B: Employee Rights

Is Shell Acquiring a Canadian Energy Company?

Yes — Shell has entered into a “definitive agreement” to acquire Calgary-based ARC Resources in a deal valued at approximately $22 billion.

“ARC is a high-quality, low-cost and top-quartile low carbon intensity producer that complements our existing footprint in Canada and strengthens our resource base for decades to come,” Wael Sawan, CEO of Shell, said in a joint news release.

“ARC has demonstrated a strong track record of operational excellence and responsible development which aligns closely to how we do business. We look forward to welcoming our new colleagues into the organization and together, furthering our strategy of delivering more value with less emissions.”

The acquisition, still subject to regulatory approvals, is expected to close in the second half of 2026.

Disclaimer: The materials above are provided as general information about the rights of non-unionized employees in Canada. It is not specific to any one company and SHOULD NOT be read as suggesting any improper conduct on the part of any specific employer, or a relationship between Samfiru Tumarkin LLP and a specific employer.