EOG -- 1Q19-- Look How Fast EOG Is Building Its Export Capacity

Outstanding 1Q19. Data points from press release:

• raises dividend 31 percent: to 28.75 cents/share, payable in July, 2019
• increased crude oil production 20 percent yoy; exceeded target
• CAPEX below target; guidance for FY19 CAPEX unchanged
• reduced per-unit cash operating costs by 8% yoy; beat targets
• achieved reductions in well costs and on-track to reach 5% reduction goal
• established significant crude oi export capacity 
• 2020: 100,000 bopd
• 2022: 250,000 bopd

More data:

• eps
• 1Q19: $1.10; adjusted: $1.19/share;
• 1Q18: $1.10; adjusted: $1.19/share;
• net income
• 1Q19: $635 million 
• 1Q18: $639 million
• net cash from operating activities: $1.6 billion
• discretionary cash flow: $1.9 billion
• all this despite a 13% drop in the average WTI price compared to same  period last year

EOG was the first to build a CBR terminal in the Bakken. Just saying.

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Royal Dutch Shell

Royal indeed!

One of the last supermajors to report 1Q19 earnings. Data points:

• better-than-expected results
• natural gas businesses offset weak oil prices and depressed refining margins
• "net profit": $5.3 billion vs $4.5 billion forecast -- huge beat
• cash flow from operating activities fell 9%
• free cash flow dropped from $4.178 billion (1Q18) to $4 billion in 1Q19
• Shell announced its next tranche of share buyback program; will repurchase  up to $2.75 billion worth of shares (compare with $75 billion in Apple, Inc's program)
• intends to buy back at least $25 billion of its shares by end of 2020

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