Oil giant Shell to buy Canada’s ARC Resources for $16.4 billion in push to boost output

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Top Line

The transaction will add roughly 370,000 barrels of oil equivalent per day to Shell's portfolio and is designed to boost the firm's long-term production.

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Background Context

The transaction will add roughly 370,000 barrels of oil equivalent per day to Shell's portfolio and is designed to boost the firm's long-term production.

Source: US Top News and AnalysisOriginal Link

Source: US Top News and Analysis

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