Freeport-McMoran

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 Ratings4.1
Overall CultureC+

Latest Updates

Employees (est.) (Dec 2020)24,500(-10%)
Job Openings447
Revenue (FY, 2021)$22.8 B(+61%)
Share Price (Aug 2022)$28.7(-2%)
Cybersecurity ratingBMore
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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, New Orleans, The Woodlands and Jakarta
Phoenix, AZ, US (HQ)
333 N Central Ave
New Orleans, LA, US
Freeport McMoRan Building, 1615 Poydras St
The Woodlands, TX, US
21 Waterway Ave #250the
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

Freeport-McMoran's revenue was reported to be $22.85 b in FY, 2021
USD

Revenue (Q1, 2022)

6.6b

Gross profit (Q1, 2022)

(1.0m)

Net income (Q1, 2022)

1.9b

EBIT (Q1, 2022)

2.8b

Market capitalization (3-Aug-2022)

42.1b

Closing stock price (3-Aug-2022)

28.7

Cash (31-Mar-2022)

8.3b
Freeport-McMoran's current market capitalization is $42.1 b.
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021

Revenue

18.6b14.4b14.2b22.8b

Revenue growth, %

(23%)(1%)

Cost of goods sold

13.4b13.1b11.7b14.0b

Gross profit

5.2b1.3b2.5b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Revenue

4.9b5.2b4.9b3.8b3.5b3.2b2.8b3.1b3.9b4.9b5.7b6.1b6.6b

Cost of goods sold

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

Gross profit

1.6b1.8b1.4b469.0m192.0m125.0m(310.0m)441.0m983.0m1.6b2.2b(1.0m)

Gross profit Margin, %

33%35%28%12%5%4%(11%)14%26%34%38%
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021

Cash

4.2b2.0b3.7b8.1b

Accounts Receivable

829.0m741.0m892.0m1.2b

Inventories

1.5b1.6b1.6b

Current Assets

10.7b7.9b9.3b14.8b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Cash

3.7b3.9b4.6b2.8b2.6b2.2b1.6b1.5b2.4b4.6b6.3b7.7b8.3b

Accounts Receivable

1.2b1.1b1.1b781.0m725.0m731.0m515.0m717.0m893.0m1.2b1.1b931.0m1.5b

Inventories

1.3b1.3b1.4b1.6b1.6b1.6b1.6b1.6b1.6b963.0m

Current Assets

10.1b10.3b10.9b9.0b8.7b8.3b7.4b7.2b8.1b10.9b12.6b13.8b15.3b
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021

Net Income

2.9b(189.0m)865.0m5.4b

Depreciation and Amortization

1.8b1.4b1.5b2.0b

Inventories

(631.0m)259.0m42.0m(618.0m)

Accounts Payable

(106.0m)(60.0m)115.0m495.0m
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

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

Embed Graph

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

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

Freeport-McMoran Cybersecurity Score

Cybersecurity ratingPremium dataset

B

88/100

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+

    67/100

  • CEO Rating

    D+

    62/100

  • Compensation

    B

    70/100

  • Diversity

    B

    72/100

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Freeport-McMoran News and Updates

Freeport-McMoRan misses on profit and revenue amid a 'precipitous' fall in copper prices

Shares of Freeport-McMoRan Inc. slipped 0.1% in premarket trading, after the copper and gold miner reported second-quarter profit and revenue that missed expectations, concerns over the global economy, higher U.S. interest rates and a strong U.S. dollar led to a "precipitous decline" in copper pric…

Thinking about buying stock in iQIYI, Freeport-McMoRan, Velo3D, Sunstone Hotel, or Volcon?

NEW YORK, July 19, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for IQ, FCX, VLD, SHO, and VLCN. To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link. IQ:...

Why Did Freeport-McMoRan Stock Lose 30% In Value?

Despite the Russia-Ukraine war causing volatility in the energy markets and hurting discretionary spending, Freeport maintained its full-year sales and cash flow projections.

Freeport-McMoRan stock pulls back, even as profit and revenue topped forecasts

Shares of Freeport-McMoRan Inc. pulled back 3.2% in premarket trading Thursday, after the gold and copper miner reported first-quarter profit and revenue that beat expectations, while trimming its outlook for quarterly copper sales. Net income more than doubled to $1.53 billion, or $1.04 a share, f…

Thinking about trading options or stock in Occidental Petroleum, Charles Schwab, Freeport-McMoRan, Burlington Stores, or Arch Resources?

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Is Freeport-McMoRan Stock A Buy?

The shares of Freeport-McMoRan have touched the highs of $50 in recent weeks, assisted by skyrocketing prices of copper and gold. The company is the second-largest producer of copper in the world accounting for almost 7% of the total supply. Thus, its revenues and earnings are largely dependent...
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Freeport-McMoran Blogs

Company Conservation Work Garners Five Top Wildlife Habitat Council Awards

Company Conservation Work Garners Five Top Wildlife Habitat Council Awards mboyle Tue, 07/12/2022 - 08:53 Post Image July 12, 2022 – Freeport-McMoRan’s work to protect animals ranging from bats to bighorn sheep has earned the company five top awa…

PT Freeport Indonesia Wins National Award for Sustainable Business Practices

PT Freeport Indonesia Wins National Award for Sustainable Business Practices mboyle Fri, 07/01/2022 - 08:32 Post Image PT Freeport Indonesia recently received the nationally recognized Sustainable Business Practices Award in the Highly Commended Ca…

77 Receive Scholarships from Chile’s Minera El Abra Indigenous Scholarship Program

77 Receive Scholarships from Chile’s Minera El Abra Indigenous Scholarship Program mboyle Fri, 06/17/2022 - 09:11 Post Image June 17, 2022 – Chile’s Minera El Abra recently awarded 77 scholarships through its Indigenous Scholarship Program that fu…

PT Freeport Indonesia Repatriated 167 Turtles to Native Habitat

PT Freeport Indonesia Repatriated 167 Turtles to Native Habitat mboyle Fri, 06/03/2022 - 10:30 Post Image June 3, 2022 – JPT Freeport Indonesia’s Environmental Department helped return to the wild 167 native pig-snouted turtles from the West Sumatr…

Henderson Operations Hosts Future Military and Government Leaders from National Defense University

Henderson Operations Hosts Future Military and Government Leaders from National Defense University mboyle Wed, 06/01/2022 - 07:57 Post Image June 1, 2022 – A group of National Defense University scholars who have been studying Climax Molybdenum Co…

Headline: Around the Company in Pictures: Celebrate good times

Headline: Around the Company in Pictures: Celebrate good times mboyle Fri, 05/13/2022 - 14:13 Post Image May 13, 2022 – PT Freeport Indonesia celebrated its 55th anniversary last month with a series of celebrations that included employees and the …
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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 $22.8 b.

  • What is Freeport-McMoran revenue per employee?

    Latest Freeport-McMoran revenue per employee is $932.4 k.

  • Who are Freeport-McMoran competitors?

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

  • 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, New Orleans, The Woodlands and Jakarta.

  • How many offices does Freeport-McMoran have?

    Freeport-McMoran has 4 offices.