Freeport-McMoRan - M&A Summary and Business Overview

Metals/miningCompany

Freeport-McMoRan M&A Summary

Freeport-McMoRan has acquired 3 companies. It has also divested 2 assets.

Freeport-McMoRan’s largest acquisition to date was in 2006, when it acquired Phelps Dodge for $25.9B. It’s largest disclosed sale occurred in 2016, when it sold Freeport-Mcmoran Gulf Of Mexico Assets to Anadarko Petroleum for $2.0B. Freeport-McMoRan has acquired in 3 different US states. The Company’s most targeted sectors include oil/gas exploration (67%) and metals/mining (34%).

Freeport-McMoRan Business Overview

Where is Freeport-McMoRan headquartered?

Freeport-McMoRan is headquartered in Phoenix, Arizona.

What is Freeport-McMoRan’s revenue?

Freeport-McMoRan disclosed revenue of 22,855M USD for 2023 and 22,780M USD for 2022.

How many employees does Freeport-McMoRan have?

Freeport-McMoRan has 27,200 employees.

What sector is Freeport-McMoRan in?

Freeport-McMoRan is a metals/mining company.

When was Freeport-McMoRan founded?

Freeport-McMoRan was founded in 1987.

M&A Summary

  • M&A Total Activity5
    • M&A Buy Activity3
    • M&A Sell Activity2
  • Total Sectors Invested 2
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 3
  • M&A Advisors 3

Freeport-McMoRan

Freeport-McMoRan, Inc.

333 North Central Avenue,
Phoenix, Arizona 85004
United States,
(602) 366-8100
www.fcx.com

Freeport-McMoRan is an international natural resources company. Freeport-McMoRan operates large, long-lived, geographically diverse assets with reserves of copper, gold, molybdenum, cobalt, oil and gas. Freeport-McMoRan was founded in 1987 and is based in Phoenix, Arizona.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 3 - - - - - 3
vol $27.3B $27.3B
Sell (0.0/yr) # 2 - - - - - 2
vol $2.7B $2.7B
  5

Most Recent M&A

Company Date Value Type
Freeport-Mcmoran Gulf Of Mexico Assets 2016-09-12 2.0B USD Divestiture
, United States
The Lucius oil field 2014-05-08 1.4B USD Stake Purchase
, United States
Plains Exploration & Production Co. 2013-05-31 - Add-on Acquisition
Houston, Texas · www.pxp.com
Phelps Dodge International Corp. 2007-09-12 735M USD Divestiture
Doral, Florida
Phelps Dodge Corp. 2006-11-19 25.9B USD Add-on Acquisition
Phoenix, Arizona
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Oil/Gas Exploration 2 (67%) 1.4B (5%) 1 (50%) 2.0B (73%)
Metals/Mining 1 (33%) 25.9B (95%) - -
Electrical Equipment - - 1 (50%) 735M (27%)
Total 3 $27.3B 2 $2.7B

By Geo

State/Country Buy Value Sell Value
United States 3 27.3B 2 2.7B
  Texas 1 - - -
  Arizona 1 25.9B - -
  Florida - - 1 735M
Total 3 $27.3B 2 $2.7B

Top M&A Advisors

Financial Deals
J.P. Morgan Securities
 1
Legal Deals
Davis Polk & Wardwell
 1
Jones Walker
 1

Deal Values

buy # Total
> $1B 2 $27.3B
TOTAL $27.3B
Largest Phelps Dodge Corp.
$25.9B (2006-11-19)
sell # Total
> $1B 1 $2.0B
$100M to $1B 1 $735M
TOTAL $2.7B
Largest Freeport-Mcmoran Gulf Of Mexico Assets
$2.0B (2016-09-12)

M&A Connections

Deals
Acquired from
Strategic(s)
33%
1 (33%)
Divested to
Strategic(s)
100%
2 (100%)

Company Summary

SECTOR

Metals/Mining

Revenue

22,855   1% 2023
22,780   1% 2022
22,845   61% 2021
14,198   2% 2020
14,402   23% 2019
18,628   14% 2018
16,403   11% 2017
14,830   7% 2016
15,877   26% 2015
21,438   3% 2014
20,921   17% 2013
18,010   2012
(millions of USD) Show More Show Less

Employees

27,200

Established

1987

Public

NYSE: FCX

Former Name

Freeport-McMoRan Copper & Gold, Inc.

 Subscribe to unlock this and 207,814
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More
1 Week Free Trial Learn More

What's Mergr?

We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.

Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone.

Try us for 1 week free today!

Mergr, the Easiest-to-Use PE and M&A DB

Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.6K Private Equity Firms
  • 200K M&A Transactions
  • 203K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.6K M&A Advisors
    (Investment Banks and Law Firms)
  • 81K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.

Related Lists for Freeport-McMoRan

Arizona Companies , Metals/Mining Companies , United States Companies , Arizona Metals/Mining Companies , Arizona Metals/Mining with Acquisitions , Arizona Metals/Mining with Divestitures

Related Lists for Arizona Companies

Largest Arizona Companies , Acquisitive Arizona Companies , Recently Acquired Arizona Companies , Recently Sold Arizona Companies , Private Arizona Companies , Public Arizona Companies , Acquired Arizona Companies , PE Backed Arizona Companies

Related Lists for Metals/Mining Companies

Largest Metals/Mining Companies , Acquisitive Metals/Mining Companies , Recently Acquired Metals/Mining Companies , Recently Sold Metals/Mining Companies , Private Metals/Mining Companies , Public Metals/Mining Companies , Acquired Metals/Mining Companies , PE Backed Metals/Mining Companies

Related Lists for United States Companies

Largest United States Companies , Acquisitive United States Companies , Recently Acquired United States Companies , Recently Sold United States Companies , Private United States Companies , Public United States Companies , Acquired United States Companies , PE Backed United States Companies
Mergr

Product

Company

Legal