v3.26.3
Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Income Statement [Abstract]        
Revenues $ 7,546 $ 6,972 $ 20,809 $ 20,282
Cost of sales:        
Production and delivery 4,479 4,205 12,864 12,243
Depreciation, depletion and amortization 520 625 1,557 1,759
Total cost of sales 4,999 4,830 14,421 14,002
Selling, general and administrative expenses 131 131 428 412
Exploration and research expenses 55 55 146 140
Environmental obligations and shutdown costs 8 0 38 37
Gain on PT Freeport Indonesia (PTFI) mud rush incident insurance settlement 0 0 (699) 0
Gain on sale of assets 0 (16) (18) (16)
Total costs and expenses 5,193 5,000 14,316 14,575
Operating income 2,353 1,972 6,493 5,707
Interest expense, net (86) (107) (295) (259)
Other income, net 25 59 58 158
Income before income taxes and equity in affiliated companies’ net earnings (losses) 2,292 1,924 6,256 5,606
Provision for income taxes (610) (669) (1,807) (2,019)
Equity in affiliated companies’ net earnings (losses) 6 (8) 17 0
Net income 1,688 1,247 4,466 3,587
Net income (loss) attributable to noncontrolling interests 514 573 1,427 1,789
Net income attributable to common stockholders $ 1,174 $ 674 $ 3,039 $ 1,798
Net income per share attributable to common stockholders:        
Earnings per share, basic (in dollars per share) $ 0.81 $ 0.46 $ 2.11 $ 1.25
Earnings per share, diluted (in dollars per share) $ 0.81 $ 0.46 $ 2.10 $ 1.24
Weighted-average shares of common stock outstanding:        
Basic weighted-average shares of common stock outstanding 1,437 1,437 1,438 1,437
Diluted weighted-average shares of common shares outstanding 1,442 1,443 1,443 1,443
Dividends declared per share of common stock (in dollars per share) $ 0.15 $ 0.15 $ 0.45 $ 0.45