Inform
Will Freeport-McMoRan exit the oil and gas sector again?
This report is currently unavailable
Report summary
Freeport-McMoRan (FCX) is reviewing strategic alternatives for its oil and gas business following discussions with shareholders, and has announced that Board changes have been agreed with activist investor Carl Icahn – one of FCX's largest shareholders – in preparation for a potential spinoff. The conglomerate has been hit hard by the fall in oil and copper prices, with market value down almost 70% year-on-year. These latest announcements follow a series of moves made to address the near-term funding gap, including a lower dividend, cuts to the 2016 budget, and a US$1 billion equity raising.
Table of contents
- Will Freeport-McMoRan exit the oil and gas sector again?
Tables and charts
This report includes 1 images and tables including:
- Benchmarking: share price performance
What's included
This report contains:
Other reports you may be interested in
Insight
Webinar: Oil & Gas Corporate Strategic Briefing - March 2024
On 21 March 2024, experts from our Corporate Research team discussed key topical themes impacting the oil and gas sector.
$1,350
Wallmap
West Africa Oil and Gas Wallmap
Wood Mackenzie has produced a detailed wallmap showing the latest oil and gas information for West Africa.
$550
Wallmap
Southern & Eastern Africa Oil & Gas Wall Map
Our detailed wallmap showing the latest oil and gas information of southern and eastern Africa.
$550
