Recently, Shell released its financial results for the second quarter of 2023. Data shows that the total trading volume of shells in the second quarter was 780.6 billion yuan, up 22.1% year on year; The net income was 19.5 billion yuan, up 41.4% year on year; The net profit was 1.3 billion yuan, turning loss into profit with year-on-year growth. However, Shell expects that the total net income of the company will decline in the third quarter of 2023, which is expected to range from 15.5 billion yuan to 16 billion yuan. Compared with the same quarter of 2022, the decline is about 9.1% to 11.9%. This forecast is based on the potential impact of recent policies and measures related to real estate. These conditions are still uncertain and may continue to have an impact on Shell's operations. In addition, Shell announced that it would expand the existing share repurchase plan, increase the repurchase authorization from $1 billion to $2 billion, and extend the validity period to August 31, 2024. At present, Shell's share repurchase plan began in September 2022, and has repurchased about 41 million ADSs (American Depositary Shares) accumulatively, accounting for about 3.24% of the company's total issued share capital before the start of the repurchase project, and has been completely cancelled. In addition, Shell also announced that it would pay special cash dividends for the first time, with a total amount of about $200 million.
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Recently, Shell released its financial results for the second quarter of 2023. Data shows that the total trading volume of shells in the second quarter was 780.6 billion yuan, up 22.1% year on year; The net income was 19.5 billion yuan, up 41.4% year on year; The net profit was 1.3 billion yuan, turning loss into profit with year-on-year growth. However, Shell expects that the total net income of the company in the third quarter of 2023 will decline, and the expected range is 15.5 billion yuan to 16 billion yuan