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Last €17.31 EUR
Change Today -0.53 / -2.97%
Volume 6.0K
As of 2:11 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

freeport-mcmoran inc (FPMB) Snapshot

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07/10/14 - €28.98
52 Week Low
01/30/15 - €14.47
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Current Stock Chart for FREEPORT-MCMORAN INC (FPMB)

freeport-mcmoran inc (FPMB) 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 (FPMB) Top Compensated Officers

Vice Chairman, Chief Executive Officer, Presi...
Total Annual Compensation: $2.5M
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $650.0K
Vice Chairman, Chief Executive Officer of Fre...
Total Annual Compensation: $1.5M
Chief Administrative Officer and Executive Vi...
Total Annual Compensation: $550.0K
Compensation as of Fiscal Year 2013.

freeport-mcmoran inc (FPMB) Key Developments

Freeport-McMoRan Reportedly Seeks Partners To Fund The Projects

Freeport-McMoRan Inc. (NYSE:FCX) is looking for some private equity firms that can finance some of its projects, Reuters reported citing people familiar with the matter. Freeport-McMoRan is believed in talks to The Blackstone Group L.P. (NYSE:BX), Apollo Global Management, LLC (NYSE:APO) and Warburg Pincus LLC, about such partnerships. Freeport-McMoRan Inc. has hired Goldman Sachs Group Inc and Barclays Plc to help in the process. Freeport did not return calls seeking comment. Goldman Sachs and Barclays declined to comment. Representatives for Warburg Pincus and Blackstone declined comment. An Apollo representative had no immediate comment.

Freeport-McMoRan Inc. Announces Results of Additional Production Testing on Freeport-McMoRan Oil & Gas’s Highlander

Freeport-McMoRan Inc. announced the results of additional production testing on Freeport-McMoRan Oil & Gas’s (FM O&G) Highlander discovery, located onshore in South Louisiana in the Inboard Lower Tertiary/Cretaceous trend. The production test, which was performed in the Cretaceous/Tuscaloosa section, utilized expanded testing equipment and indicated a flow rate of approximately 75 million cubic feet of natural gas per day (MMcf/d), approximately 37 MMcf/d net to FM O&G, on a 42/64th choke with flowing tubing pressure of 10,300 pounds per square inch. FM O&G expects to immediately commence production using FM O&G facilities in the immediate area. FM O&G plans to install additional amine processing facilities to accommodate the higher rates. As previously reported, the Highlander discovery well was drilled to a total depth of approximately 29,400 feet in first-quarter 2014. Wireline log and core data obtained from the Wilcox and Cretaceous sand packages indicated favorable reservoir characteristics with approximately 150 feet of net pay. In December 2014, FM O&G tested the well at a rate of approximately 43.5 MMcf/d on a 22/64th choke with flowing tubing pressure of 11,880 pounds per square inch. A second well has been identified and future plans are being evaluated in this high potential area. FM O&G has identified multiple prospects in the Highlander area where it controls rights to more than 50,000 gross acres.

Freeport-McMoRan Inc. Presents at BMO Capital Markets 24th Global Metals & Mining Conference 2015, Feb-23-2015 09:00 AM

Freeport-McMoRan Inc. Presents at BMO Capital Markets 24th Global Metals & Mining Conference 2015, Feb-23-2015 09:00 AM. Venue: Westin Diplomat Resort, 3555 South Ocean Drive, Hollywood, Florida, United States. Speakers: Richard C. Adkerson, Vice Chairman, Chief Executive Officer, President and Chairman of FM Services Company.


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