Wael Sawan

Money Moves

Overseeing integration of ARC Resources into Shell's Canadian operations

Shell closed its $16.5 billion takeover of ARC Resources on September 2, giving the British oil major 370,000 barrels of oil equivalent per day from western Canada's Montney basin. ARC shareholders receive CAD $8.20 cash plus 0.40247 Shell shares for each ARC share they owned.

Updated Sep 4

Money Moves

Selling off lower-margin retail and refining assets

Shell has sold fuel in South Africa for more than a century. On July 7, 2026, it agreed to hand its entire retail and downstream network there to a state oil company from Abu Dhabi.

Updated Jul 8