Freeport-McMoRan Inc. reported fourth-quarter 2023 net income attributable to common stock of $388 million, $0.27 per share, and adjusted net income attributable to common stock of $393 million, $0.27 per share, after excluding net charges totaling $5 million, less than $0.01 per share, primarily associated with reserves for litigation settlements, partly offset by net adjustments to reclamation liabilities and international taxes.
Richard C. Adkerson, Chairman and Chief Executive Officer, said, “We enter 2024 with a focus on strong execution of our operating and investment plans, optimism on market fundamentals and a relentless drive to enhance the value of our strong portfolio of assets. Our global team achieved success during 2023 on a number of important initiatives to enhance value, advance growth options and position us for the future.
“During 2024, we will continue to prioritize productivity gains, operating and capital cost discipline and the advancement of organic opportunities for future long-term growth. We are dedicated to increasing the long-term value of our attractive assets, supported by the successful track record of our experienced and committed team, strong financial position and exposure to copper and other commodities with favorable long-term market fundamentals.”
For full details, read the news release on FCX.com.