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Freeport-McMoRan Inc. (FCX)

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Freeport-McMoRan Inc.

333 North Central Avenue
Phoenix, AZ 85004
United States
602-366-8100
http://www.fcx.com

SectorBasic Materials
IndustryCopper
Full Time Employees30,000

Key Executives

NameTitlePayExercisedAge
Mr. Richard C. AdkersonVice Chairman, Chief Exec. Officer and Pres4.21MN/A70
Ms. Kathleen L. QuirkChief Financial Officer, Exec. VP and Treasurer1.98MN/A53
Mr. Michael J. ArnoldChief Admin. Officer and Exec. VP1.71MN/A64
Mr. Harry Milton Conger IVPres & COO of Americas1.75MN/A61
Mr. W. Russell KingSr. VP of International RelationsN/AN/A67
Amounts are as of December 31, 2016 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Freeport-McMoRan Inc. engages in the mining of mineral properties in the United States, Indonesia, Peru, and Chile. It primarily explores for copper concentrate, copper cathode, copper rod, gold, molybdenum, silver, and other metals, as well as oil and gas. The company’s portfolio of assets include the Grasberg minerals district in Indonesia; Morenci, Bagdad, Safford, Sierrita, and Miami in Arizona; Tyrone and Chino in New Mexico; and Henderson and Climax in Colorado, North America, as well as Cerro Verde and El Abra mines in South America. It also operates a portfolio of oil and gas assets comprising oil and natural gas production onshore in South Louisiana; and on the GOM Shelf and oil production offshore California, as well as natural gas production from the Madden area in central Wyoming. As of December 31, 2016, the company’s estimated consolidated recoverable proven and probable mineral reserves totaled 86.8 billion pounds of copper, 26.1 million ounces of gold, and 2.95 billion pounds of molybdenum, as well as estimated proved developed oil and natural gas reserves totaled 18 million barrels of oil equivalents. The company was formerly known as Freeport-McMoRan Copper & Gold Inc. and changed its name to Freeport-McMoRan Inc. in July 2014. Freeport-McMoRan Inc. was founded in 1987 and is headquartered in Phoenix, Arizona.

Corporate Governance

Freeport-McMoRan Inc.’s ISS Governance QualityScore as of September 1, 2017 is 7. The pillar scores are Audit: 1; Board: 2; Shareholder Rights: 2; Compensation: 10.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.