Freeport-McMoRan Inc. (FCX) CEO Richard Adkerson on Q2 2022 Results - Earnings Call Transcript

Freeport-McMoRan Inc. (NYSE:FCX) Q2 2022 Earnings Conference Call July 21, 2022 10:00 AM ET

Company Participants

Kathleen Quirk - President

Richard Adkerson - Chairman & CEO

Maree Robertson - Chief Financial Officer

Mark Johnson - Chief Operating Officer of Indonesia

Josh Olmsted - Chief Operating Officer for the Americas

Mike Kendrick - President, Climax Molybdenum Co.

Cory Stevens - President, Freeport-McMoRan Mining Services

Rick Coleman - President, Freeport-McMoRan Growth Support

Conference Call Participants

Emily Chieng - Goldman Sachs

Chris LaFemina - Jefferies

David Gagliano - BMO Capital Markets

Lawson Winder - Bank of America

Carlos De Alba - Morgan Stanley

Michael Dudas - Vertical Research Partners

Timna Tanners - Wolfe Research

Abhinandan Agarwal - Deutsche Bank

John Tumazos - John Tumazos Very Independent Research LLC

Jatinder Goel - BNP Paribas Exane

Operator

Ladies and gentlemen, thank you for standing by. Welcome to the Freeport-McMoRan Second Quarter Conference Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session. [Operator Instructions]

I would now like to turn the conference over to Ms. Kathleen Quirk, President. Please go ahead, ma'am.

Kathleen Quirk

Thank you, and good morning. Welcome to the Freeport-McMoRan second quarter conference call. Earlier this morning, FCX reported second quarter 2022 operating and financial results, and a copy of today's press release and slides are available on our website at fcx.com. Our call today is being broadcast live on the Internet, and anyone may listen to the call by accessing our website home page and clicking on the webcast link for the conference call. In addition to analysts and investors, the financial press has been invited to listen to today's call, and a replay of the webcast will be available on our website later today.

Before we begin our comments, we'd like to remind everyone that today's press release and certain of our comments on this call include forward-looking statements, and actual results may differ materially. I'd like to refer everyone to the cautionary language included in our press release and presentation materials and to the risk factors described in our SEC filings.

On the call today with me are, Richard Adkerson, our Chairman of the Board and Chief Executive Officer; Maree Robertson, our Chief Financial Officer; Mark Johnson, Chief Operating Officer of Indonesia; Josh Olmsted, Chief Operating Officer for the Americas; Mike Kendrick, who runs our molybdenum business; Cory Stevens, who leads our centralized technical services, engineering and construction; Rick Coleman, who's leading a number of our projects, including the smelter project in Indonesia; and Steve Higgins, our Chief Administrative Officer.