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Last $11.75 USD
Change Today -0.09 / -0.76%
Volume 8.6M
FCX On Other Exchanges
Symbol
Exchange
New York
Mexico
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Frankfurt
As of 12:48 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

freeport-mcmoran inc (FCX) Snapshot

Open
$12.10
Previous Close
$11.84
Day High
$12.15
Day Low
$11.58
52 Week High
07/31/14 - $37.52
52 Week Low
07/27/15 - $11.16
Market Cap
12.2B
Average Volume 10 Days
40.6M
EPS TTM
$1.37
Shares Outstanding
1.0B
EX-Date
07/13/15
P/E TM
8.5x
Dividend
$0.20
Dividend Yield
7.11%
Current Stock Chart for FREEPORT-MCMORAN INC (FCX)

freeport-mcmoran inc (FCX) Details

Freeport-McMoRan Inc., a natural resource company, engages in the acquisition of mineral assets, and oil and natural gas resources. It primarily explores for copper, gold, molybdenum, cobalt, silver, and other metals, as well as oil and gas. The company operates through North America Copper Mines; South America Mining; Indonesia Mining; Africa Mining; Molybdenum Mines; United States (U.S.) Oil and Gas Operations; Rod & Refining; and Atlantic Copper Smelting & Refining segments. It holds interests in various mines located in the Grasberg minerals district in Indonesia; Morenci, Bagdad, Safford, Sierrita, Miami, Chino, Tyrone, Henderson, and Climax in North America; Cerro Verde and El Abra in South America; and Tenke Fungurume minerals district in Africa. The company’s oil and gas operations include oil production facilities in the Deepwater Gulf of Mexico (GOM); oil production facilities onshore and offshore California; onshore natural gas resources in the Haynesville shale play in Louisiana; natural gas production from the Madden area in central Wyoming; and a position in the Inboard Lower Tertiary/Cretaceous natural gas trend located in the shallow waters of the GOM and onshore in South Louisiana. As of December 31, 2014, its consolidated recoverable proven and probable mineral reserves included 103.5 billion pounds of copper, 28.5 million ounces of gold, 3.11 billion pounds of molybdenum, 282.9 million ounces of silver, and 0.85 billion pounds of cobalt; and its estimated proved oil and natural gas reserves totaled 390 million barrels of oil equivalents. The company was formerly known as Freeport-McMoRan Copper & Gold Inc. and changed its name to Freeport-McMoRan Inc. in July 2014. Freeport-McMoRan Inc. was founded in 1987 and is headquartered in Phoenix, Arizona.

35,000 Employees
Last Reported Date: 02/27/15
Founded in 1987

freeport-mcmoran inc (FCX) Top Compensated Officers

Chief Executive Officer, Vice Chairman, Presi...
Total Annual Compensation: $1.5M
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $763.8K
Vice Chairman, Chief Executive Officer of Fre...
Total Annual Compensation: $1.5M
Chief Administrative Officer and Executive Vi...
Total Annual Compensation: $646.3K
Compensation as of Fiscal Year 2014.

freeport-mcmoran inc (FCX) Key Developments

Freeport-Mcmoran Inc. Reports Unaudited Consolidated Earnings and Operating Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Operating Guidance for the Third Quarter and Earnings and Operating Guidance for the Year 2015

Freeport-McMoRan Inc. reported unaudited consolidated earnings results and operating results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenues of $4,284 million compared to revenues of $5,522 million for the same period a year ago. Operating loss was $2,374 million compared to $1,153 million last year. Income before income taxes and equity in affiliated companies' net earnings was $2,486 million compared to $986 million last year. Net income attributable to the company common stockholders was $1,851 million or $1.78 per basic and diluted share compared to $482 million or $0.46 per diluted share last year. Capital expenditures totaled $1.7 billion for second-quarter 2015. Operating cash flows totaled $1.1 billion. For the six months, the company reported revenues of $8,401 million compared to revenues of $10,507 million for the same period a year ago. Operating income was $5,337 million compared to $2,264 million last year. Income before income taxes and equity in affiliated companies' net earnings was $5,588 million compared to $1,969 million last year. Net income attributable to the company common stockholders was $4,325 million or $4.16 per diluted share compared to $992 million or $0.95 per diluted share last year. Net cash provided by operating activities was $1,786 million compared to $2,587 million last year. At June 30, 2015, consolidated debt totaled $20.9 billion and consolidated cash totaled $466 million. For the quarter, the company reported copper production of 977 million of pounds compared to 931 million of pounds last year. Copper sales excluding purchases were 964 million of pounds compared to 968 million of pounds last year. Gold production was 367 million of pounds compared to 166 million of pounds last year. Gold sales, excluding purchases was 352 million of pounds compared to 159 million of pounds last year. Molybdenum production was 25 million. Molybdenum sales, excluding purchases was 23 million of pounds compared to 25 million of pounds last year. For the six months, the company reported copper production of 1,892 million of pounds compared to 1,879 million of pounds last year. Copper sales, excluding purchases was 1,924 million of pounds compared to 1,839 million of pounds last year. Gold production was 626 million of pounds compared to 397 million of pounds last year. Gold sales, excluding purchases was 615 million of pounds compared to 346 million of pounds last year. Molybdenum production was 49 million. Molybdenum sales, excluding purchases was 46 million of pounds compared to 52 million of pounds last year. For the third quarter, consolidated sales are expected to approximate 1.0 billion pounds of copper, 315,000 ounces of gold, 24 million pounds of molybdenum and 13.6 MMBOE. For the year 2015, consolidated sales are expected to approximate 4.2 billion pounds of copper, 1.3 million ounces of gold, 93 million pounds of molybdenum and 52.3 MMBOE. Capital expenditures are expected to approximate $6.3 billion for the year 2015, including $2.5 billion for major projects at mining operations and $2.8 billion for oil and gas operations. Operating cash flows for the year 2015 are expected to approximate $3.6 billion.

Freeport-McMoRan Announces Organizational Changes

Freeport-McMoRan Inc. announced changes to its mining and oil and gas organizational structure to implement increased responsibilities for certain members of its senior management team. These changes reflect the professional growth and development of these senior managers and are designed to enhance the efficiency of the Freeport-McMoRan organization. Mark J. Johnson will continue in his present role as FCX's senior operating officer responsible for Indonesian operations as President and Chief Operating Office Indonesia and will continue his present responsibilities for global mine planning. The company also announced that Doss R. Bourgeois has been named President and Chief Operating Officer for Freeport-McMoRan Oil & Gas. Doss has been a major part of the success of Freeport-McMoRan Oil & Gas and its predecessor companies.

Freeport-McMoRan Inc. Announces Board Appointments

Freeport-McMoRan Inc. announced changes to its mining and oil and gas organizational structure to implement increased responsibilities for certain members of its senior management team. FCX reported that Harry M. 'Red' Conger has been named President and Chief Operating Officer – Americas and Africa Mining. In this role, Red will continue to have operational responsibility for the Americas and will expand his responsibilities to include FCX’s Africa mining operations and the Climax Molybdenum business. Mark J. Johnson will continue in his present role as FCX’s senior operating officer responsible for Indonesian operations as President and Chief Operating Officer – Indonesia and will continue his present responsibilities for global mine planning.

 

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