Freeport-McMoRan Inc.

Freeport-McMoRan Inc. (NYSE: FCX): Net loss attributable to common stock totaled $1.85 billion, $1.78 per share, for second-quarter 2015. After adjusting for net charges totaling $2.0 billion, $1.92 per share, second-quarter 2015 adjusted net income attributable to common stock totaled $143 million, $0.14 per share. Consolidated sales totaled 964 million pounds of copper, 352 thousand ounces of gold, 23 million pounds of [...]

Freeport-McMoRan Inc. (NYSE: FCX) today 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. FCX is pleased to report that Harry M [...]

Freeport-McMoRan Inc. (NYSE: FCX) today declared a cash dividend of $0.1605 per share payable on August 3, 2015 to holders of record as of July 15, 2015 for its common stock. The August 2015 common stock dividend consists of $0.05 per share for FCX’s regular quarterly dividend and $0.1105 per share as a special dividend related to the previously announced settlement of the stockholder derivative litigation approved [...]

Freeport-McMoRan Inc. (NYSE: FCX) today announced that its wholly-owned subsidiary, Freeport-McMoRan Oil & Gas Inc. (FM O&G), filed a registration statement on Form S-1 (the Registration Statement) with the U.S. Securities and Exchange Commission (SEC) related to its potential initial public offering (IPO) of Class A common stock representing a minority interest in FM O&G. FM O&G intends to apply to list the common stock [...]

LONDON, April 27, 2015 /PRNewswire/ -- Editor Note: For more information about this release, please scroll to bottom. Investor-Edge has initiated coverage on the following equities: Vale S.A. (NYSE: VALE), Freeport-McMoRan Inc. (NYSE: FCX), Steel Dynamics Inc. (NASDAQ: STLD), Century Aluminum Company (NASDAQ: CENX), and Southern Copper Corp. (NYSE: SCCO). Free research report on Vale S.A. can be accessed at [...]

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 of the carrying value of oil and gas properties and the related tax charge [...]

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. FCX’s Board reviews its financial policy on an ongoing basis and has a [...]

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 equipment and indicated a flow rate of approximately 75 million cubic feet of [...]

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 year 2014, adjusted net income attributable to common stock totaled $257 [...]

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 million cubic feet of natural gas per day (MMcf/d), approximately 21 MMcf/d [...]