Freeport-McMoRan Inc. (NYSE: FCX): Net income attributable to common stock totaled $280 million, $0.19 per share, for third-quarter 2017. After adjusting for net charges of $212 million, $0.15 per share, third-quarter 2017 adjusted net income attributable to common stock totaled $492 million, $0.34 per share. Consolidated sales totaled 932 million [...]
Freeport-McMoRan Inc. (NYSE: FCX) today provided an update on PT Freeport Indonesia's (PT-FI) negotiations with the Indonesian Government regarding PT-FI’s long term operating rights. FCX and the Government of Indonesia have reached an understanding on a framework to support PT-FI's long-term investment plans in Papua. This framework, which [...]
Freeport-McMoRan Inc. (NYSE: FCX) announced today that notices have been issued to redeem on September 18, 2017, $543 million aggregate principal amount of two series of Freeport-McMoRan Inc. (FCX) senior notes and three series of Freeport-McMoRan Oil & Gas LLC (FMOG) senior notes currently outstanding. In accordance with the terms of respective [...]
Cox Oil Offshore, L.L.C. (Cox Oil), an established, privately owned, independent oil and gas company, announces the purchase of certain interests in the Gulf of Mexico Outer Continental Shelf from Freeport-McMoRan Oil & Gas (FM O&G), a subsidiary of Freeport-McMoRan Inc. (NYSE: FCX). “Cox Oil believes in the enormous potential in the Gulf of [...]
Freeport-McMoRan Inc. (NYSE: FCX): Net income attributable to common stock totaled $268 million, $0.18 per share, for second-quarter 2017. After adjusting for net gains of $27 million, $0.01 per share, second-quarter 2017 adjusted net income attributable to common stock totaled $241 million, $0.17 per share. Consolidated sales totaled 942 million [...]
Freeport-McMoRan Inc. (NYSE: FCX): Net income attributable to common stock totaled $228 million, $0.16 per share, for first-quarter 2017. After adjusting for net gains of $8 million, $0.01 per share, first-quarter 2017 adjusted net income attributable to common stock totaled $220 million, $0.15 per share. Consolidated sales totaled 809 million [...]
Elk Petroleum is pleased to advise that its acquisition of a ~14% working interest in the Madden Gas Field, the Madden Deep Unit Gas Field and the Lost Cabin Gas Plant in Wyoming, USA from subsidiaries of Freeport-McMoRan has closed. This follows Elk's US$10 million closing payment to FCX, confirmation of receipt of funds by FCX and release of [...]
Freeport-McMoRan Inc. (NYSE: FCX) is providing an update on the status of PT Freeport Indonesia’s (PT-FI) operations and its discussions with the Government of Indonesia on concentrate exports and other matters related to its Contract of Work (COW). Following more than five years of discussions with the Government, in which PT-FI negotiated [...]
Freeport-McMoRan Inc. (NYSE: FCX) reported today that its subsidiary, PT Freeport Indonesia (PT-FI), continues to seek approval from Indonesian authorities for the export of its copper concentrates, consistent with its rights under its Contract of Work (COW). To date, this approval has not been granted. Richard C. Adkerson, FCX President and Chief [...]
Freeport-McMoRan Inc. (NYSE: FCX): Net income attributable to common stock totaled $292 million, $0.21 per share, for fourth-quarter 2016. After adjusting for net charges totaling $59 million, $0.04 per share, fourth-quarter 2016 adjusted net income attributable to common stock totaled $351 million, $0.25 per share. Consolidated sales (including [...]
Freeport-McMoRan Inc. (NYSE: FCX) announced today that it has completed the previously announced sale of its onshore California properties to Sentinel Peak Resources California LLC for $592 million in cash, before closing adjustments. Under the terms of the agreement, FCX has the right to receive additional proceeds of $50 million per annum in each [...]
Freeport-McMoRan Inc. (NYSE: FCX) announced today that it has completed the previously announced sale of its Deepwater Gulf of Mexico (GOM) properties to Anadarko Petroleum Corp. (NYSE: APC) for $2.0 billion in cash, before closing adjustments. In connection with this transaction, FCX also settled a preferred stock obligation with its consolidated [...]
