Freeport-McMoRan (NYSE: FCX) reported net income of $482 million, $0.46 per share, for second-quarter 2014, compared with $482 million, $0.49 per share, for second-quarter 2013 and $992 million, $0.95 per share, for the first six months of 2014, compared with $1.1 billion, $1.17 per share, for the first six months of 2013.
Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) announced today that its oil and gas subsidiary, Freeport-McMoRan Oil & Gas (FM O&G), has entered into a definitive purchase and sale agreement to acquire certain of Apache Corporation’s (Apache) (NYSE, Nasdaq: APA) interests in the Deepwater Gulf of Mexico (GOM), including Apache’s interests in the Lucius and Heidelberg oil production development projects and 11 exploration leases, for $1.4 billion.
Freeport-McMoRan Copper & Gold (NYSE: FCX) reported net income of $510 million, $0.49 per share, for the first-quarter of 2014, compared with $648 million, $0.68 per share, for the first-quarter of 2013.
Dow Chemical (NYSE: DOW) reported solid quarterly results that reflected management’s efforts at cost controls and the company’s low-cost feedstock supply; margins improved for the sixth consecutive quarter.
Freeport-McMoRan Copper & Gold (NYSE: FCX) announced that it was the apparent high bidder on 20 tracts in the U.S. government’s latest lease auction worth a total investment of approximately $330 million.
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