Saturday, May 03, 2008

Freeport is a standout in Fortune 500

Freeport McMoRan Copper & Gold is #140 on Fortune magazine's top 500 U.S. corporations, up 258 positions in the rankings from last year, making it the company that moved up the most.

Freeport was also 16th best performing company in the 500 with an 86.9% increase in total shareholder return for 2007, from $55.73 to $102.44. Freeport saw a 208.7% growth in revenues for 2007, putting them at #1 among the 500.

Arizona has 6 companies in the Fortune 500 list (making Arizona 21st in the nation in terms of numbers of headquarters), with Freeport at the top of the list (others are Avnet, US Airways, Allied Waste, Insight Enterprises, and Petsmart). Freeport merged with Phelps-Dodge last year, and is based in Phoenix.

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