COP To Announce 1Q19 Tomorrow -- April 29, 2019

COP will announce before market open, April 30.

• ConocoPhillips is scheduled to announce Q1 earnings results on Tuesday, April 30th, before market open.
• The consensus EPS Estimate is $0.90 (-6.2% Y/Y) and the consensus Revenue Estimate is $9.06B (+1.1% Y/Y).
• Over the last 2 years, cop has beaten EPS estimates 75% of the time and has beaten revenue estimates 50% of the time.

MDU will announce after market closes, April 30.

• MDU Resources is scheduled to announce Q1 earnings results on Tuesday, April 30th, after market close.
• The consensus EPS Estimate is $0.23 (+4.5% Y/Y) and the consensus Revenue Estimate is $1B (+2.4% Y/Y).
• Over the last 2 years, mdu has beaten EPS estimates 63% of the time and has beaten revenue estimates 63% of the time.

Google with rare miss. Link here. Also at The Wall Street Journal --

• revenue rises at slowest pace in three years
• shares dropped more than 5% after hours
• revenues: $36.3 billion vs $37.3 billion forecast
• deep in the story: the EU fine of $1.7 billion

McDermott: first-quarter loss of $56 million; a loss of 39 cents/share. Link here.

• guidance: $1.56/share for full year 

Weekly petroleum, EIA data, later this week. Z4 Research / Z-Man forecasts (from twitter):

• crude: up 0.9 million bbls
• gasoline: down 1.0 million bbls
• distillates: down 0.8million bbls
• strong gasoline demand
• a drop in net imports 

Saudi production, from energyintel:

Giant Saudi field can pump 5 million b/d, Aramco exec says Tuesday, April 30, 2019. Saudi Arabia's Ghawar oil field can produce up to 5 million b/d if required, even though its capacity was put at 3.8 million b/d in Aramco's bond prospectus.