LSE:SHELOil and Gas
Shell’s ARC Resources Deal Reshapes LNG Growth And Risk Profile
Shell has agreed to acquire Canadian producer ARC Resources, in its largest deal in more than a decade.
The transaction is aimed at expanding Shell's liquefied natural gas and North American gas operations.
The move comes during ongoing global energy supply disruptions linked to conflicts in the Middle East.
LSE:SHEL is trading at around £32.9, with the share price up 19.2% year to date and 37.6% over the past year. Over a 5 year period, the stock is up 180.3%, which puts recent news in the...