We expect the prevailing weakness in copper and oil prices to negatively impact the company?s profitability in Q3. Since Freeport has divested some of its copper mining and oil and gas assets over the course of the last year or so, the company?s production figures for both copper and oil and gas are expected to be lower in Q3 this year. Lower production and pricing will negatively impact the company?s top line as well. Given the weak prevailing market conditions for both major commodities sold b...
Freeport-McMoRan Q3 Earnings Preview: Weak Copper And Oil Prices To Take Their Toll On Results
Forbes - 21 Oct 2015 22:00
We expect the prevailing weakness in copper and oil prices to negatively impact the company?s profitability in Q3. Since Freeport has divested some of its copper mining and oil and gas assets over the course of the last year or so, the company?s production figures for both copper and oil and gas are expected to be lower in Q3 this year. Lower production and pricing will negatively impact the company?s top line as well. Given the weak prevailing market conditions for both major commodities sold b...
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