Shell is up more than 4.3% in Q2, with a year-on-year net income growth of 11.3% + expanding share buyback plan.

Beike's stock surged at the beginning, rising more than 4.3% to $19.64. On the news front, Beike announced its financial results for the second quarter, with total transaction volume reaching 878.7 billion yuan, an increase of 4.7% year-on-year; net income reached 26 billion yuan, an increase of 11.3% year-on-year, and adjusted net profit was 1.821 billion yuan. At the same time, Beike announced that its board of directors has approved an expansion and extension of the existing share buyback plan, increasing the buyback authorization from $3 billion to $5 billion, and extending the buyback plan until August 31, 2028.