Welcome to our dedicated page for Freeport-McMoran news (Ticker: FCX), a resource for investors and traders seeking the latest updates and insights on Freeport-McMoran stock.
Freeport-McMoRan Inc. (symbol: FCX) stands as a prominent player in the global mining sector. Headquartered in the United States, the company operates a diverse portfolio of mineral assets, significant oil and gas resources, and boasts a robust production profile.
Freeport-McMoRan's operations are divided into four primary divisions: North America copper mines, South America mining, Indonesia mining, and Molybdenum mines. The company’s flagship mines include the Morenci in North America, Cerro Verde in South America, and Grasberg in Indonesia. Beyond these, Freeport-McMoRan also oversees the Rod & Refining operations and the Atlantic Copper Smelting and Refining facility.
In addition to its mining operations, Freeport-McMoRan is involved in the oil and gas sector through its wholly-owned subsidiary, Freeport-McMoRan Oil & Gas (FM O&G). FM O&G holds substantial assets across North America, including reserves in the deepwater Gulf of Mexico, onshore and offshore California, and the Haynesville Shale plays. The company also has a strong presence in the emerging shallow water ultra-deep gas trend on the shelf of the Gulf of Mexico and onshore in South Louisiana.
The company’s key revenue driver is the sale of copper, but it also benefits from its diversified portfolio which includes gold, molybdenum, and oil and gas resources. Freeport-McMoRan is known for its mature properties with long-lived reserves, as well as properties with significant development and exploration potential.
Committed to sustainable mining, Freeport-McMoRan invests in environmental programs and community development projects to ensure that its operations have a positive impact on the regions where it operates. For the latest updates and more detailed information about Freeport-McMoRan, visit their official website at www.fcx.com.
Freeport-McMoRan announced the appointment of Marcela E. Donadio and Sara Grootwassink Lewis to its Board of Directors. Donadio, former partner at Ernst & Young, brings extensive experience in the oil and gas sector and currently serves as Lead Independent Director at Marathon Oil. Lewis, founder of Lewis Corporate Advisors, has significant financial expertise and chairs audit committees for multiple firms. The board now consists of nine members, with eight being independent directors, aiming to enhance corporate governance and fulfill stakeholder responsibilities.
Freeport-McMoRan (NYSE: FCX) released its second-quarter 2021 financial results and will hold a conference call to discuss quarterly performance at 10:00 a.m. ET today. The company is recognized as a leading international mining firm, with substantial reserves of copper, gold, and molybdenum. Notably, it operates major mining assets, including the Grasberg district in Indonesia and mining operations across North and South America. Further details and the full release can be accessed through the Investor Relations page on FCX's website.
Freeport-McMoRan (NYSE: FCX) declared a cash dividend of $0.075 per share on common stock, payable on August 2, 2021, to stockholders of record as of July 15, 2021. This announcement aligns with FCX's financial policy aimed at maintaining a strong balance sheet and increasing cash returns to shareholders. The policy sets a base dividend of $0.30 per share annually and outlines a performance-based payout framework, contingent upon achieving a net debt target between $3-$4 billion.
Freeport-McMoRan (NYSE: FCX) announced the posting of its first-quarter 2021 financial and operational results on its Investor Relations page. The company is a major global mining entity with a robust portfolio, including the Grasberg minerals district in Indonesia and significant North and South American operations. A conference call to discuss these quarterly results is scheduled for today at 10:00 a.m. Eastern Time, and it will be webcast live. More information is available on FCX's website.
Freeport-McMoRan (NYSE: FCX) appointed David P. Abney and Robert W. Dudley to its Board of Directors. Abney, former CEO of UPS, brings 46 years of experience in logistics and sustainability. Dudley, former Group Chief Executive of BP, offers over 40 years in the oil and gas sector, focusing on climate initiatives. Chairman Richard Adkerson highlighted their leadership credentials and their alignment with the company's strategy in the copper industry. FCX's board now has eight members, including seven independent directors, with plans for further additions.
Freeport-McMoRan Inc. (NYSE: FCX) announced a cash dividend of $0.075 per share on its common stock, payable on May 3, 2021, to stockholders of record as of April 15, 2021. The Board's financial policy includes a base dividend of $0.30 per share annually, with a performance-based payout framework contingent on reaching a net debt target of $3-$4 billion. FCX is a leading international mining company with significant operations in Indonesia and the Americas, focusing on responsible copper production.
Freeport-McMoRan (NYSE: FCX) has reinstated a cash dividend at an annual rate of $0.30 per share, up from $0.20 prior to its suspension in April 2020. The quarterly dividend is set at $0.075 per share, with the first payment expected on May 1, 2021. A new financial policy allocates up to 50% of cash flows post-capital spending towards shareholder returns, enhancing long-term value. The company aims to achieve a net debt target of $3-$4 billion by early 2022, excluding project debt. FCX focuses on safety and production efficiency amid the pandemic.
Freeport-McMoRan announced reinstatement of a cash dividend at an annual rate of $0.30 per share, up from $0.20 before the pandemic-induced suspension in April 2020. The Board plans to declare a quarterly dividend of $0.075, with the first payment expected on May 1, 2020. The new financial policy allocates up to 50% of available cash flows for shareholder returns post capital spending. The company anticipates achieving a net debt target of $3-$4 billion by early 2022.
Freeport-McMoRan has announced the retirement of Gerald J. Ford as non-executive Chairman, effective June 2021. Richard C. Adkerson has been appointed as the new Chairman while continuing his role as CEO. The Board has also appointed Kathleen L. Quirk as President, alongside her role as CFO. Dustan E. McCoy has been named Lead Independent Director. The restructuring reflects the company's focus on leadership continuity and operational effectiveness. FCX remains a major player in the copper market, with diverse, high-quality mining assets across the globe.
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