Freeport-McMoRan Inc. engages in the mining of mineral properties in North America, South America, and Indonesia. The company primarily explores for copper, gold, molybdenum, silver, and other metals, as well as oil and gas. Its 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 in Peru and El Abra in Chile. The company also operates a portfolio of oil and gas properties primarily located in offshore California and the Gulf of Mexico. As of December 31, 2021, it operated approximately 135 wells. 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 incorporated in 1987 and is headquartered in Phoenix, Arizona.

Freeport-McMoRan Inc.

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Production and Delivery

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Cost of Sales

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Metals Inventory Adjustments

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Selling, General and Administrative Expenses

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Operating Income

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Interest Expense, Net

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Net Gain on Early Extinguishment of Debt

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Other Income, Net

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Income Before Income Taxes and Equity in Affiliated Companies' Net Earnings

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Equity in Affiliated Companies' Net Earnings

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Net Income

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Preferred Dividends

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Net Income Attributable to Noncontrolling Interests

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Net Income Attributable to Common Stockholders

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Basic and Diluted Weighted-Average Common Shares Outstanding

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Basic and Diluted Net Income per Share Attributable to Common Stockholders

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Basic

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Gross Profit

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Selling, General & Administrative Expenses

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Depreciation & Amortization Expenses

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Exploration Expenses

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Other Operating Expenses

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Operating Profit

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Income Before Provision for Income Taxes

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Consolidated Net Income

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Revenue

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CapEx

Net Interest Income

Assets

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Adjusted EBT

Adjusted Funds From Operations

Income Statement	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Total Revenues	13,310	12,510	12,945	11,729	11,126	10,761
Total Revenues %Chg	2.8%	6.7%	16.3%	9%	-7.4%	-12.1%
Revenues
Cost of Sales	9,172	8,972	8,823	8,035	7,660	7,922
Production and Delivery
Impairment of Oil and Gas Properties
Metals Inventory Adjustments
Depreciation, Depletion and Amortization
Gross Profit	4,138	3,538	4,122	3,694	3,466	2,839
Gross Profit Margin	31.1%	28.3%	31.8%	31.5%	31.2%	26.4%
Selling, General & Administrative Expenses	281	246	267	238	241	205
Selling, General and Administrative Expenses
Depreciation & Amortization Expenses	1,134	1,137	1,104	1,122	946	1,023
Depreciation, Depletion and Amortization
Exploration Expenses	85	79	77	64	73	66
Exploration and Research Expenses
Other Operating Expenses	37	32	95	178	141	76
Environmental Obligations and Shutdown Costs
Gain on Sales of Assets
Operating Profit	3,735	3,181	3,683	3,214	3,011	2,492
Operating Income
Operating Margin	28.1%	25.4%	28.5%	27.4%	27.1%	23.2%
Interest Expense	-152	-142	-177	-193	-322	-277
Interest Expense, Net
Non-Operating Income	99	164	198	179	117	188
Net Gain on Early Extinguishment of Debt
Other Income, Net
Gain on Sales of Assets
Total Non-Operating Income	-53	22	21	-14	-205	-89
Income Before Provision for Income Taxes	3,682	3,203	3,704	3,200	2,806	2,403
Income Before Income Taxes and Equity in Affiliated Companies' Net Earnings
Provision for Income Taxes	1,350	1,257	1,266	1,232	1,038	872
Provision for Income Taxes
Consolidated Net Income	2,340	1,957	2,442	1,971	1,780	1,537
Net Income
Net Income Attributable to Minority Interests and Other	1,208	1,146	1,349	1,126	762	430
Net Income Attributable to Noncontrolling Interests
Equity in Affiliated Companies' Net Earnings
Continuing Operations
Discontinued Operations
Net Income Attributable to Preferred Dividends	—	—	—	—	—	—
Preferred Dividends
Net Income Attributable to Discontinued Operations	—	—	—	—	—	—
Net Gain from Discontinued Operations
Net Income Attributable to Common Shareholders	1,124	800	1,089	842	1,006	1,101
Net Income Attributable to Common Stockholders
Basic EPS	0.8	0.6	0.8	0.6	0.7	0.8
Diluted EPS	0.8	0.6	0.8	0.6	0.7	0.8
Basic Weighted Average Shares Outstanding	1,438	1,439	1,437	1,434	1,434	1,431
Total Shares Outstanding	1,435	1,437	1,438	1,435	1,434	1,430
Diluted Weighted Average Shares Outstanding	1,444	1,445	1,445	1,443	1,443	1,439
EBITDA	4,869	4,318	4,787	4,336	3,957	3,515
Effective Tax Rate	36.7%	39.2%	34.2%	38.5%	37%	36.3%