Freeport-McMoRan (NYSE: FCX) announced it has undertaken a comprehensive review of its operating plans in its mining and oil and gas businesses to target significant additional reductions in capital spending and operating and administrative costs in response to weak market conditions for its major products.
Freeport-McMoRan (NYSE: FCX) reported a net loss attributable to common stock of $1.85 billion, $1.78 per share, for second-quarter 2015 and $4.3 billion, $4.16 per share, for the first six months of 2015, compared with net income attributable to common stock of $482 million, $0.46 per share, for second-quarter 2014 and $992 million, $0.95 per share, for the first six months of 2014.
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