Freeport-McMoRan 2013 Annual Report Download - page 23
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Financial Policy
FCX has a long-standing tradition of seeking to build shareholder value through investing in
projects with attractive rates of return and returning cash to shareholders through common
stock dividends. FCX intends to continue to maintain a strong financial position, with a focus
on reducing debt while continuing to invest in attractive growth projects and providing cash
returns to shareholders. The Board of Directors will continue to review FCX’s financial policy
on an ongoing basis.
FINANCIAL PERFORMANCE & POLICY
21
VALUE CREATION FOCUS
Cash Flows/
Returns
Resources
Investment
in Attractive
Development
Projects
Reserve
Additions
Production
Growth