Freeport's deleveraging continues

Freeport McMoRan’s debt-cutting strategy has continued after it announced the sale of its deep-water oil and gas assets in the Gulf of Mexico to Andarko Petroleum.

The deep-water oil and gas assets in the Gulf of Mexico represent just over half Freeport’s production

13 September 2016
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The Phoenix, Arizona-based copper and petroleum group has agreed a US$2 billion purchase price with New York-listed Andarko, which could rise to $2.15 billion based on contingency payments.

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