Freeport-McMoRan Inc. (FPMB.DE)
Freeport-McMoRan Inc. operates in the Copper industry of the Basic Materials sector, headquartered in Phoenix, AZ, US. The stock last traded at $63.37, up 0.59% on the session, giving a market capitalisation of $91.10B. Its beta of 1.38 implies it has historically moved more than the broad market.
Freeport-McMoRan Inc. operates as a prominent global mining entity, focusing on the extraction of a broad spectrum of minerals and energy resources across North America, South America, and Indonesia. The company primarily delves into the exploration and production of essential commodities such as copper, gold, molybdenum, and silver, alongside other metals, as well as oil and natural gas. Its extensive operational footprint includes the notable Grasberg minerals district in Indonesia. Within North America, key sites are located in Arizona (Morenci, Bagdad, Safford, Sierrita, and Miami), New Mexico (Tyrone and Chino), and Colorado (Henderson and Climax). In South America, its assets encompass the Cerro Verde mine in Peru and El Abra in Chile. Furthermore, Freeport-McMoRan maintains a significant portfolio of oil and gas assets, primarily situated in offshore California and the Gulf of Mexico, managing approximately 135 wells as of December 31, 2021. Founded in 1987 and headquartered in Phoenix, Arizona, the company was formerly recognized as Freeport-McMoRan Copper & Gold Inc., adopting its current name, Freeport-McMoRan Inc., in July 2014.
Freeport-McMoRan Inc. is most often compared with the following Basic Materials names: