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Subsequent Events (Unaudited)
6 Months Ended
Jun. 30, 2017
Subsequent Events [Abstract]  
Subsequent Events
SUBSEQUENT EVENTS

On July 31, 2017, FM O&G sold certain property interests in the Gulf of Mexico Shelf for cash consideration of $62 million, before closing adjustments. The transaction has an effective date of April 1, 2017, and is expected to result in a gain in third-quarter 2017 under the full cost accounting rules.

FCX evaluated events after June 30, 2017, and through the date the consolidated financial statements were issued, and determined any events or transactions occurring during this period that would require recognition or disclosure are appropriately addressed in these consolidated financial statements.