OverviewSuggest Edit

Freeport-McMoran (formerly Freeport-McMoRan Copper & Gold) is an international mining company that operates geographically diverse assets with reserves of copper, gold, and molybdenum. It is a producer of copper concentrate, cathode, and continuous cast copper rod. The company also provides gold sold as a component of its copper concentrate or in slimes, which are a product of the smelting and refining process. Besides, it offers molybdenum and molybdenum-based chemicals.

TypePublic
Founded1987
HQPhoenix, AZ, US
Websitefcx.com
Employee Ratings3.9
Overall CultureC+

Latest Updates

Employees (est.) (Dec 2020)24,500(-10%)
Job Openings288
Revenue (FY, 2020)$14.2 B(-1%)
Share Price (Jun 2021)$40.8(+2%)
Cybersecurity ratingAMore

Key People/Management at Freeport-McMoran

Richard C. Adkerson

Richard C. Adkerson

Chairman of the Board and Chief Executive Officer
Kathleen L. Quirk

Kathleen L. Quirk

President and Chief Financial Officer
Mark J. Johnson

Mark J. Johnson

Director, Executive Vice President and Chief Operating Officer, Freeport Indonesia
Michael J. Kendrick

Michael J. Kendrick

President, Climax Molybdenum Co.
Douglas N. Currault

Douglas N. Currault

Senior Vice President and General Counsel
Stephen T. Higgins

Stephen T. Higgins

Senior Vice President and Chief Administrative Officer
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Freeport-McMoran Office Locations

Freeport-McMoran has offices in Phoenix, Houston, New Orleans and Jakarta
Phoenix, AZ, US (HQ)
333 N Central Ave
Houston, TX, US
11450 Compaq Center W Dr #450
New Orleans, LA, US
Freeport McMoRan Building, 1615 Poydras St
Jakarta, ID
Jl. HR. Rasuna Said Kav. X-7 No.6, Plaza 89, Lt. 5, RT.6/RW.7, Kuningan, Karet Kuningan, Setia Budi
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Freeport-McMoran Financials and Metrics

Freeport-McMoran Revenue

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View revenue for all periods
Freeport-McMoran's revenue was reported to be $14.2 b in FY, 2020 which is a 1.4% decrease from the previous period.
USD

Revenue (Q1, 2021)

4.9b

Gross profit (Q1, 2021)

1.6b

Gross profit margin (Q1, 2021), %

33.9%

Net income (Q1, 2021)

953.0m

EBIT (Q1, 2021)

1.5b

Market capitalization (11-Jun-2021)

59.8b

Closing stock price (11-Jun-2021)

40.8

Cash (31-Mar-2021)

4.6b

EV

65.1b
Freeport-McMoran's current market capitalization is $59.8 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

18.6b14.4b14.2b

Revenue growth, %

(23%)(1%)

Cost of goods sold

13.4b13.1b11.7b

Gross profit

5.2b1.3b2.5b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

4.9b5.2b4.9b3.8b3.5b3.2b2.8b3.1b3.9b4.9b

Cost of goods sold

3.3b3.4b3.5b3.3b3.4b3.0b3.1b2.6b2.9b3.2b

Gross profit

1.6b1.8b1.4b469.0m192.0m125.0m(310.0m)441.0m983.0m1.6b

Gross profit Margin, %

33%35%28%12%5%4%(11%)14%26%34%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

4.2b2.0b3.7b

Accounts Receivable

829.0m741.0m892.0m

Inventories

1.5b1.6b1.6b

Current Assets

10.7b7.9b9.3b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

3.7b3.9b4.6b2.8b2.6b2.2b1.6b1.5b2.4b4.6b

Accounts Receivable

1.2b1.1b1.1b781.0m725.0m731.0m515.0m717.0m893.0m1.2b

Inventories

1.3b1.3b1.4b1.6b1.6b1.6b1.6b1.6b1.6b

Current Assets

10.1b10.3b10.9b9.0b8.7b8.3b7.4b7.2b8.1b10.9b
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

2.9b(189.0m)865.0m

Depreciation and Amortization

1.8b1.4b1.5b

Inventories

(631.0m)259.0m42.0m

Accounts Payable

(106.0m)(60.0m)115.0m
USDQ1, 2018

Debt/Equity

1 x

Debt/Assets

0.3 x

Financial Leverage

3 x
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Freeport-McMoran Operating Metrics

Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020FY, 2020

Copper Produced (North America), pounds

348 m354 m349 m1.4 b336 m370 m390 m1.46 b346 m368 m369 m1.42 b

Copper Produced (South America), pounds

293 m313 m325 m1.25 b299 m281 m283 m1.18 b245 m218 m253 m979 m

Copper Produced (Indonesia), pounds

311 m347 m332 m1.16 b145 m125 m191 m607 m140 m181 m222 m809 m

Copper Sold, excluding purchases (North America), pounds

384 m361 m350 m1.43 b320 m369 m395 m1.44 b355 m368 m379 m1.42 b
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Freeport-McMoran Acquisitions / Subsidiaries

Company NameDateDeal Size
Plains Exploration & ProductionMay 01, 2013
Climax Molybdenum Company
Cyprus Amax Minerals Company
Cyprus Climax Metals Company
Cyprus Metals Company
Freeport-McMoRan Bagdad Inc.
Freeport-McMoRan Exploration Corporation
Freeport-McMoRan Morenci Inc.
Freeport Minerals Corporation
PT Freeport Indonesia
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Freeport-McMoran Revenue Breakdown

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Freeport-McMoran revenue breakdown by business segment: 19.1% from South America Mining, 24.9% from Indonesia Mining, 14.2% from Atlantic Copper Smelting & Refining, 33.7% from Rod & Refining, 7.6% from Corporate and Other and 0.5% from Other

Freeport-McMoran revenue breakdown by geographic segment: 5.4% from Spain, 8.3% from Japan, 12.1% from Indonesia, 14.0% from Switzerland, 36.2% from U.S. and 24.0% from Other

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Freeport-McMoran Cybersecurity Score

Cybersecurity ratingPremium dataset

A

90/100

SecurityScorecard logo

Freeport-McMoran Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Freeport-McMoran Online and Social Media Presence

Embed Graph

Freeport-McMoran Company Culture

  • Overall Culture

    C+

    65/100

  • CEO Rating

    F

    54/100

  • Compensation

    C+

    66/100

  • Diversity

    B

    71/100

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Freeport-McMoran News and Updates

Thinking about trading options or stock in Nio, AT&T, General Electric, Freeport-McMoRan, or Carnival Corp?

NEW YORK, May 19, 2021 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for NIO, T, GE, FCX, and CCL. Click a link below then choose between in-depth options trade idea report or a stock score report. Options Report – Ideal trade ideas on up to seven different options...

Thinking about trading options or stock in Exxon Mobil, Pfizer, Freeport-McMoRan, Apple, or Alexion Pharmaceuticals?

NEW YORK, May 10, 2021 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for XOM, PFE, FCX, AAPL, and ALXN. Click a link below then choose between in-depth options trade idea report or a stock score report. Options Report – Ideal trade ideas on up to seven different...

Freeport-McMoRan Stock Doubles In Six Months – More Gains To Follow?

Freeport-McMoRan stock (NYSE: FCX) has doubled in the last six months (126 trading days) and currently trades close to $38 per share. The rally in the stock from $19 to $38 was driven by a sharp recovery in copper prices over recent months. Global copper prices jumped from $3.05/pound at the end...

Precious Metals: Worldwide Market Insights 2020-2025 Featuring Anglo American Platinum, Barrick Gold Corp, Freeport-Mcmoran, Glencore Int'l, Impala Platinum, Pan American Silver Corp, and More

Dublin, April 09, 2021 (GLOBE NEWSWIRE) -- The "Precious Metals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025" report has been added to ResearchAndMarkets.com's offering.The global precious metals market exhibited moderate growth during 2014-2019. Looking …

Where Is Freeport-McMoRan Stock Headed After Dropping 8% In A Week?

Freeport-McMoRan stock dropped more than 8% in one week (five trading days) and has, in fact, underperformed the S&P 500 which increased 1% during this period. FCX stock now trades at $32. FCX stock generally trades in line with the global copper prices. However, this trend seems to have broken.…

AI’s Take On The Overvalued Freeport-McMoRan Inc Stock

Freeport appears to be undergoing a necessary correction on its overvalued stock prices. Here's what Q.ai has to say.
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Freeport-McMoran Blogs

Remote-control Crawler Improves Grasberg Block Cave Inspections

Remote-control Crawler Improves Grasberg Block Cave Inspections mboyle Mon, 05/24/2021 - 09:01 Post Image May 24, 2021 - Think of it as PTFI’s version of R2-D2 from Star Wars or NASA’s Mars rovers. Into the dark recesses of Grasberg Block Cave, the …

Company Leader Contributes to Global Copper Conference

Company Leader Contributes to Global Copper Conference mboyle Tue, 04/27/2021 - 09:32 Post Image April 27, 2021 - Josh Olmsted, President and Chief Operating Officer-Americas, was among the global mining leaders who participated in CRU’s World Copper…

Morenci Operations Awarded Copper Mark

Morenci Operations Awarded Copper Mark mboyle Fri, 04/09/2021 - 09:36 Post Image April 9, 2021 - The Copper Mark announced on April 7 that Morenci operations in Arizona was the company’s sixth site – and the eighth in the world – to achieve the Coppe…

Atlantic Copper President Honored with 2021 Andalusia Medal

Atlantic Copper President Honored with 2021 Andalusia Medal mboyle Wed, 04/07/2021 - 09:27 Post Image April 7, 2021 - Javier Targhetta, President-Atlantic Copper, recently received the 2021 Andalusia Medal in the Economy and Business category for his…

David P. Abney

David P. Abney mboyle Tue, 04/06/2021 - 12:55 Mr. Abney retired as Chairman and Chief Executive Officer of United Parcel Service, Inc., a multinational package delivery and supply chain management company in 2020. He served as CEO beginning in 2014 and previously served as the Chief Op…

Don’t Let Pandemic Fatigue Lower your Guard

Don’t Let Pandemic Fatigue Lower your Guard mboyle Wed, 03/31/2021 - 10:38 March 10, 2021 - Over the last 12 months, are you often:                  __  irritable                __  unmotivated                __  eating kinda weird                __  sleeping kinda weird          …
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Freeport-McMoran Frequently Asked Questions

  • When was Freeport-McMoran founded?

    Freeport-McMoran was founded in 1987.

  • Who are Freeport-McMoran key executives?

    Freeport-McMoran's key executives are Richard C. Adkerson, Kathleen L. Quirk and Mark J. Johnson.

  • How many employees does Freeport-McMoran have?

    Freeport-McMoran has 24,500 employees.

  • What is Freeport-McMoran revenue?

    Latest Freeport-McMoran annual revenue is $14.2 b.

  • What is Freeport-McMoran revenue per employee?

    Latest Freeport-McMoran revenue per employee is $579.5 k.

  • Who are Freeport-McMoran competitors?

    Competitors of Freeport-McMoran include Vedanta Resources, Nucor and Newmont.

  • Where is Freeport-McMoran headquarters?

    Freeport-McMoran headquarters is located at 333 N Central Ave, Phoenix.

  • Where are Freeport-McMoran offices?

    Freeport-McMoran has offices in Phoenix, Houston, New Orleans and Jakarta.

  • How many offices does Freeport-McMoran have?

    Freeport-McMoran has 4 offices.