freeport-mcmoran oil & gas (fm o&g) is a wholly-owned subsidiary of freeport-mcmoran copper & gold (fcx), a premier u.s. based natural resource company with an industry leading global portfolio of mineral assets, significant oil and gas resources and a growing production profile. fm o&g consists of oil & natural gas assets in north america, including reserves in the deepwater gulf of mexico (gom), onshore and offshore california and haynesville shale plays, and an industry leading position in the emerging shallow water ultra-deep gas trend in the shelf of the gom and onshore in south louisiana. assets in fm o&g’s principal focus areas include mature properties with long-lived reserves and significant development opportunities as well as newer properties with development and exploration potential. additional information about fm o&g can be found on fcx’s website at www.fcx.com.
Company profile
Ticker
FCX
Exchange
Website
CEO
Richard C. Adkerson
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
FREEPORT MCMORAN COPPER & GOLD INC
SEC CIK
Corporate docs
Subsidiaries
Climax Molybdenum Company • Cyprus Amax Minerals Company • Cyprus Climax Metals Company • Cyprus Metals Company • Freeport Minerals Corporation • Freeport-McMoRan Morenci Inc. ...
IRS number
742480931
FCX stock data
Latest filings (excl ownership)
ARS
2023 FY
Annual report to shareholders
26 Apr 24
DEFA14A
Additional proxy soliciting materials
26 Apr 24
DEF 14A
Definitive proxy
26 Apr 24
8-K
Reports First-Quarter 2024 Results
23 Apr 24
PRE 14A
Preliminary proxy
16 Apr 24
10-K
2023 FY
Annual report
15 Feb 24
8-K
Departure of Directors or Certain Officers
9 Feb 24
8-K
Reports Fourth-Quarter and Year Ended 2023 Results
24 Jan 24
8-K
Other Events
17 Nov 23
10-Q
2023 Q3
Quarterly report
3 Nov 23
Transcripts
FCX
Earnings call transcript
2024 Q1
23 Apr 24
FCX
Earnings call transcript
2023 Q4
24 Jan 24
FCX
Earnings call transcript
2023 Q3
19 Oct 23
FCX
Earnings call transcript
2023 Q2
20 Jul 23
FCX
Earnings call transcript
2023 Q1
21 Apr 23
FCX
Earnings call transcript
2022 Q4
25 Jan 23
FCX
Earnings call transcript
2022 Q3
20 Oct 22
FCX
Earnings call transcript
2022 Q2
21 Jul 22
FCX
Earnings call transcript
2022 Q1
21 Apr 22
FCX
Earnings call transcript
2021 Q4
26 Jan 22
Latest ownership filings
4
JOHN JOSEPH STEPHENS
2 Apr 24
4
HUGH GRANT
2 Apr 24
4
Ellie L. Mikes
16 Feb 24
4
Maree E. Robertson
16 Feb 24
4
Stephen T. Higgins
16 Feb 24
4
Douglas N. Currault II
16 Feb 24
4
KATHLEEN L QUIRK
16 Feb 24
4
RICHARD C ADKERSON
16 Feb 24
SC 13G/A
VANGUARD GROUP INC
13 Feb 24
SC 13G/A
BlackRock Inc.
12 Feb 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
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Net income | |||||
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 6.54 bn | 6.54 bn | 6.54 bn | 6.54 bn | 6.54 bn | 6.54 bn |
Cash burn (monthly) | 132.33 mm | 190.42 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 914.98 mm | 1.32 bn | n/a | n/a | n/a | n/a |
Cash remaining | 5.62 bn | 5.22 bn | n/a | n/a | n/a | n/a |
Runway (months of cash) | 42.5 | 27.4 | n/a | n/a | n/a | n/a |
Institutional ownership, Q4 2023
59.5% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 1127 |
Opened positions | 172 |
Closed positions | 303 |
Increased positions | 432 |
Reduced positions | 388 |
13F shares | Current |
---|---|
Total value | 33.45 tn |
Total shares | 853.02 mm |
Total puts | 11.12 mm |
Total calls | 11.72 mm |
Total put/call ratio | 0.9 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 119.49 mm | $5.09 tn |
FMR | 80.08 mm | $3.41 tn |
STT State Street | 62.90 mm | $2.68 tn |
Capital Research Global Investors | 59.75 mm | $2.54 tn |
Fisher Asset Management | 55.66 mm | $2.37 tn |
T. Rowe Price | 34.49 mm | $1.47 bn |
JPM JPMorgan Chase & Co. | 21.78 mm | $927.33 bn |
BK Bank Of New York Mellon | 19.61 mm | $834.60 bn |
Amundi | 19.53 mm | $814.52 bn |
MS Morgan Stanley | 17.73 mm | $754.72 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
1 Apr 24 | John Joseph Stephens | Common Stock | Grant | Acquire A | No | No | 47.02 | 451 | 21.21 k | 56,324 |
1 Apr 24 | Grant Hugh | Common Stock | Grant | Acquire A | No | No | 47.02 | 717 | 33.71 k | 32,142 |
15 Feb 24 | Ellie L. Mikes | Common Stock | Payment of exercise | Dispose F | No | No | 37.2 | 3,761 | 139.91 k | 46,572 |
15 Feb 24 | Maree E. Robertson | Common Stock | Payment of exercise | Dispose F | No | No | 37.2 | 6,526 | 242.77 k | 81,198 |
15 Feb 24 | Stephen T. Higgins | Common Stock | Payment of exercise | Dispose F | No | No | 37.2 | 5,595 | 208.13 k | 104,377 |
News
Copper Is A Hot Commodity: Bidding War for Anglo American May Emerge After BHP's 'Low Ball' Offer — 'Let The Games Begin'
25 Apr 24
Argus Research Maintains Buy on Freeport-McMoRan, Raises Price Target to $54
25 Apr 24
Raymond James Maintains Outperform on Freeport-McMoRan, Raises Price Target to $54
24 Apr 24
JP Morgan Maintains Neutral on Freeport-McMoRan, Lowers Price Target to $51
24 Apr 24
Cleveland-Cliffs, Freeport-McMoRan Report Q1 Results; Worthington Steel Gets GM Supplier Of The Year And More: Tuesday's Top Mining Stories
23 Apr 24