Exploration & Production | Quarterly / Earnings Reports
Freeport-McMoRan Tags Mega-Acquisitions in Q2; Updates Ops
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Freeport-McMoRan Copper & Gold Inc. has reported its second quarter 2013 financial and operational results.
Highlights: During second-quarter 2013, FCX completed its $19 billion acquisitions of Plains Exploration & Production Company (PXP) and McMoRan Exploration Co. (MMR), creating a premier U.S.-based natural resource company. FCX's second-quarter 2013 financial results include PXP's operations beginning June 1, 2013, and MMR's operations beginning June 4, 2013. Net income attributable to common stock totaled $482 million, $0.49 per share for second-quarter 2013, compared with net income of $710 million, $0.74 per share, for second-quarter 2012. Net income attributable to common stock for the first six months of 2013 totaled $1.1 billion, $1.17 per share, compared with $1.5 billion…- ✓ Full news archive — U.S., Canada & international coverage
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