Freeport-McMoRan Inc. (FCX) Income Tax Expense
The tax expense for Freeport-McMoRan Inc. (FCX) is $2.22 Billion with a year-over-year change of -11.97%. Income tax expense is the amount a company pays in federal, state, and foreign income taxes based on its taxable income for the period.
FCX Tax Expense Chart
Current Tax Expense
$2.22B
$2.22 Billion
Year-over-Year Change
-11.97%
vs. $2.52B prior year
Historical Data
30
Years of data available
Annual Tax Expense History
| Year | Tax Expense | YoY Change | % Change |
|---|---|---|---|
| 2025 | $2.22B | $-302.00M | -11.97% |
| 2024 | $2.52B | +$253.00M | +11.15% |
| 2023 | $2.27B | +$3.00M | +0.13% |
| 2022 | $2.27B | $-32.00M | -1.39% |
| 2021 | $2.30B | +$1.35B | +143.54% |
| 2020 | $944.00M | +$434.00M | +85.10% |
| 2019 | $510.00M | $-481.00M | -48.54% |
| 2018 | $991.00M | +$108.00M | +12.23% |
| 2017 | $883.00M | +$512.00M | +138.01% |
| 2016 | $371.00M | +$2.32B | +119.02% |
| 2015 | $-1.95B | $-2.27B | -702.16% |
| 2014 | $324.00M | $-1.15B | -78.03% |
| 2013 | $1.48B | $-35.00M | -2.32% |
| 2012 | $1.51B | $-1.58B | -51.09% |
| 2011 | $3.09B | +$104.00M | +3.49% |
| 2010 | $2.98B | +$676.00M | +29.30% |
| 2009 | $2.31B | +$5.15B | +181.12% |
| 2008 | $-2.84B | $-5.24B | -218.50% |
| 2007 | $2.40B | +$1.20B | +99.80% |
| 2006 | $1.20B | +$286.11M | +31.27% |
| 2005 | $915.07M | +$584.39M | +176.72% |
| 2004 | $330.68M | $-7.37M | -2.18% |
| 2003 | $338.05M | +$92.53M | +37.69% |
| 2002 | $245.52M | +$42.54M | +20.96% |
| 2001 | $202.98M | +$43.41M | +27.20% |
| 2000 | $159.57M | $-36.13M | -18.46% |
| 1999 | $195.70M | +$25.10M | +14.71% |
| 1998 | $170.60M | $-60.70M | -26.24% |
| 1997 | $231.30M | $-15.90M | -6.43% |
| 1996 | $247.20M | — | — |
About Freeport-McMoRan Inc.
Freeport-McMoRan Inc. is a prominent mining enterprise conducting extensive operations across North America, South America, and Indonesia. The company primarily focuses on the exploration and extraction of key mineral resources such as copper, gold, molybdenum, and silver, alongside other valuable metals. Additionally, it maintains a significant presence in the oil and gas sector. Its diverse portfolio of assets features the notable Grasberg minerals district in Indonesia; numerous sites in the United States including Morenci, Bagdad, Safford, Sierrita, and Miami in Arizona; Tyrone and Chino in New Mexico; and Henderson and Climax in Colorado. In South America, its holdings include Cerro Verde in Peru and El Abra in Chile. Beyond its mineral interests, Freeport-McMoRan operates a collection of oil and gas properties, predominantly situated off the coasts of California and in the Gulf of Mexico, managing approximately 135 wells as of December 31, 2021. Founded in 1987 and headquartered in Phoenix, Arizona, the company adopted its current name, Freeport-McMoRan Inc., in July 2014, having previously operated as Freeport-McMoRan Copper & Gold Inc.
- Sector
- Basic Materials
- Industry
- Copper
- CEO
- Kathleen Lynne Quirk