Freeport-McMoRan Inc.

Freeport-McMoRan Inc. (NYSE: FCX): Net loss attributable to common stock totaled $2.5 billion, $2.38 per share, for first-quarter 2015, compared with net income attributable to common stock of $510 million, $0.49 per share, for first-quarter 2014. After adjusting for net charges totaling $2.4 billion, $2.32 per share, primarily for the reduction [...]

Freeport-McMoRan Inc. (NYSE: FCX) announced today that it has declared a cash dividend of $0.05 per share payable on May 1, 2015 to holders of record as of April 15, 2015 for its common stock. FCX’s Board of Directors reduced the quarterly dividend from the previous rate of $0.3125 per share in response to the impact of lower commodity prices [...]

Freeport-McMoRan Inc. (NYSE: FCX) announced today 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 [...]

Freeport-McMoRan Inc. (NYSE: FCX): Net loss attributable to common stock totaled $2.9 billion, $2.75 per share, for fourth-quarter 2014 and $1.3 billion, $1.26 per share, for the year 2014. After adjusting for special items (see page 2) totaling $3.1 billion, $3.00 per share, for fourth-quarter 2014 and $3.3 billion, $3.22 per share, for the [...]

Freeport-McMoRan Inc. (NYSE: FCX) announced today a successful production test from 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, indicated a flow rate of approximately 43.5 [...]

Freeport-McMoRan Inc. (NYSE: FCX) today declared a cash dividend of $0.3125 per share payable on February 2, 2015 to holders of record as of January 15, 2015 for its common stock. FCX is a premier U.S.-based natural resources company with an industry-leading global portfolio of mineral assets, significant oil and gas resources and a growing [...]

Freeport-McMoRan Inc. (NYSE: FCX) announced today that as of 5:00 p.m., New York City time, on December 4, 2014 (the “Early Participation Date”), pursuant to the cash tender offer (the “Tender Offer”) by its subsidiary, Freeport-McMoRan Oil & Gas LLC (the “Company”), the Company has received tenders of $1.66 billion aggregate principal amount of [...]

Freeport-McMoRan Inc. (NYSE: FCX) announced today positive drilling results from the Freeport-McMoRan Oil & Gas (FM O&G) 100-percent-owned Holstein Deep and Dorado development wells in the Deepwater Gulf of Mexico (GOM). Production from these projects is expected to total approximately 30,000 barrels of oil equivalents (BOE) per day in 2016 [...]

Freeport-McMoRan Inc. (NYSE: FCX) announced today a modified “Dutch Auction” cash tender offer by its subsidiary, Freeport-McMoRan Oil & Gas LLC (the “Company”), for the following series of its notes (collectively the “Notes”):                   ...

Freeport-McMoRan Inc. (NYSE: FCX) announced today that it has completed the sale of $3.0 billion of senior notes. FCX intends to use the net proceeds from this offering to repay certain of its outstanding debt. Following is a summary of the four new tranches of debt, which will have an aggregate weighted interest cost of approximately 4.1 [...]