Freeport-McMoRan CEO: In Face of International Woes, U.S. is Great Place to Invest

SUGAR LAND--January 26, 2017--Researched by Industrial Info Resources (Sugar Land, Texas)--On Wednesday, miner Freeport-McMoRan Incorporated (NYSE:FCX) (Phoenix, Arizona) reported net income of $292 million, compared to a net loss of $4.08 billion in fourth-quarter 2015--a loss that primarily came from the reduction of the value in the company's oil and gas properties. In a conference call regarding the company's earnings, Freeport-McMoRan CEO Richard Adkerson discussed some of the quandaries of international investments and how U.S. investments were once again making their way onto Freeport McMoRan's books. Industrial is tracking $2.7 billion in active Freeport-McMoRan projects.