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 22,780M USD for 2022 and 22,845M USD for 2021.

How many employees does Freeport-McMoRan have?

Freeport-McMoRan has 25,600 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

22,780   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

25,600

Established

1987

Public

NYSE: FCX

Former Name

Freeport-McMoRan Copper & Gold, Inc.

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