Does Freeport McMoRan have oil and gas?

Freeport-McMoRan Oil & Gas (formerly Plains Exploration & Production) targets offshore and onshore areas to acquire, develop, and produce oil and natural gas.

What does Freeport-McMoRan own?

Our portfolio of assets includes the Grasberg minerals district in Indonesia, one of the world’s largest copper and gold deposits; and significant mining operations in the Americas, including the large-scale Morenci minerals district in North America and the Cerro Verde operation in South America.

What sector is Freeport-McMoRan?


Type Public
Industry Metals and Mining
Founded 1912
Founder Eric Pierson Swenson, et al
Headquarters Freeport-McMoRan Center Phoenix

Is Freeport-McMoRan profitable?

The Phoenix-based mining company posted earnings of 73 cents a share, up from 3 cents a share in 2020’s second quarter. Net income attributable to common stockholders rose to $1.08 billion, from $53 million a year earlier. Excluding one-time items, the company’s adjusted earnings were 77 cents a share.

What is Freeport-McMoRan net worth?

Freeport-McMoRan net worth as of July 23, 2021 is $51.57B. Freeport-McMoRan Inc. is a leading international mining company with headquarters in Phoenix, Arizona.

Is Freeport-McMoRan a good buy?

Stocks with high Zacks Ranks and “A” grades for Value will be some of the highest-quality value stocks on the market today. One company to watch right now is Freeport-McMoRan (FCX). FCX is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock has a Forward P/E ratio of 9.08.

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What do Freeport-McMoRan do?

Freeport-McMoRan Inc. (FCX) is a mining company. The Company operates through geographical assets with proven and probable reserves of copper, gold and molybdenum, and traded copper producer. The Company’s segments include refined copper products, copper in concentrate, gold, molybdenum, oil and other.

Who does Freeport-McMoRan sell to?

PHOENIX–(BUSINESS WIRE)–Freeport-McMoRan Inc. (NYSE: FCX) announced today that it has entered into a definitive agreement to sell a 13 percent ownership interest in its Morenci unincorporated joint venture to Sumitomo Metal Mining Co., Ltd. (SMM) for $1.0 billion in cash.

Does Freeport mine gold?

Freeport-McMoRan is engaged in gold mining, which contributed about 15% of company’s total revenue in 2018. Freeport’s gold operations are almost wholly concentrated at the Grasberg mine in Indonesia. The company also produces gold as a by-product in its North and South American copper operations.

Does Freeport-McMoRan pay a dividend?

Freeport-McMoRan Declares Quarterly Cash Dividend on Common Stock. … (NYSE: FCX) announced today that its Board of Directors (“Board”) declared a cash dividend of $0.075 per share on FCX’s common stock payable on August 2, 2021, to stockholders of record as of July 15, 2021.

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