LSE:SHELOil and Gas
Shell’s ARC Deal And Jiffy Lube Exit Recast Earnings And Tax Exposure
Shell (LSE:SHEL) agreed to acquire ARC Resources Ltd in a cash deal valued at $13.6b, expanding its gas footprint in Canada and LNG portfolio.
The company is selling Jiffy Lube International, exiting a non core retail motor oil and services business.
These portfolio moves come alongside record quarterly profit for Shell and renewed political debate over windfall taxes on energy groups.
Shell sits at the center of global oil, gas and liquefied natural gas supply, while also investing in...