The BusinessWeek 50 Ranking
35
Freeport-McMoRan Copper & Gold
FREEPORT’S profits more than quadrupled, and shares soared in 2005, on sky-high copper and gold prices and strong production at its unrivaled Grasberg mine in Indonesia. Except for Hurricane Katrina, which devastated Freeport’s home city of New Orleans, it was “a year we’d like to live over again,” CEO Adkerson said recently. But this year, ever-tense relations with locals have erupted in a new spate of protests at Grasberg. Four guards were killed in March, and operations were halted for four days. Still, Adkerson is upbeat: Copper demand remains strong, and Freeport has quieted discord in Indonesia before.
Company Info |
|
| 2005 Rank | 350 |
| GET MORE COMPANY INFO | FCX |
| Market Value $ Million | 9,318.2 |
| Total Return $ Million | (1-yr.) 28.0
(3-yr.) 230.1 |
| 2005 Sales $ Billion | 4.2 |
| Sales Growth $ Million | (1-yr.) 76
(3-yr.) 27.4 |
| Long-Term Growth Est. % | 15.0 |
| Net income $ Million | 995.1 |
| Net Income Growth $ Million | (1-yr.) 392
(3-yr.) 71.0 |
| Net Margin %* | 23.8 |
| Return on Inv. Capital (%)* | 30.5 |
| Share Price 12-Mo. Hi/Lo | 65/32 |
| P/E Ratio | 11 |
| Industry | Materials |
| CORPORATE WEB SITE | |
