(July 21, 2022) Freeport-McMoRan Inc. reported net profit attributable to common stock in the second quarter of 2022 of $840 million, $0.57 per share, and adjusted net profit attributable to common stock of $854 million, $0.58 per share, excluding net charges totaling $14 million, $0.01 per share.
Richard C. Adkerson, President and Chief Executive Officer, said, "FCX is in a position of strength as we navigate the current uncertainties of the global market. The steps we have taken in recent years to consolidate a strong balance sheet, successfully expand low-cost operations and maintain flexible growth options, will allow us to manage the current market situation effectively, while preserving the substantial value of assets in the future. Despite short-term uncertainties, long-term market fundamentals and value opportunities for our shareholders remain extraordinarily favorable. I am confident in our strategy focused on being the First in Copper. Our assets are valuable and scarce. The future prospects of our markets, the quality of our assets and the expertise of our team will allow us to bring substantial value as global conditions improve."
For more details, read the press release in FCX.com.