Freeport-McMoRan Inc.

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 Mexico (GoM) and today marks another step forward for the future success 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 pounds of copper, 432 thousand ounces of gold and 25 million pounds of [...]

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 pounds of copper, 182 thousand ounces of gold and 24 million pounds of [...]

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 closing documentation by FCX. - Elk has made US$10 million acquisition closing [...]

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 in good faith to be responsive to the Government’s aspirations while [...]

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 Executive Officer, and Chappy Hakim, PT-FI President Director, said [...]

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 volumes from Tenke Fungurume (Tenke) through November 16, 2016) totaled 1.2 [...]

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 of 2018, 2019 and 2020 if the price of Brent crude oil averages $70 per [...]

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 subsidiary, Plains Offshore Operations Inc., for $582 million. Under the [...]

Freeport-McMoRan Inc. (NYSE: FCX) announced today the early results of its previously announced offers to eligible holders to exchange any and all of the outstanding senior notes issued by Freeport-McMoRan Oil & Gas LLC (FM O&G), FCX Oil & Gas LLC and FMSTP Inc., as co-issuers, and guaranteed by FCX, for (1) new senior notes to be issued by FCX and guaranteed by FM O&G and (2) cash. The following table sets forth a [...]