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SUPPLEMENTARY OIL AND GAS INFORMATION (UNAUDITED) (Schedule of Changes in the Standardized Measure) (Details) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Supplemental Oil and Gas Information [Abstract]    
Balance at beginning of year $ 9,417us-gaap_StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves [1] $ 0us-gaap_StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves [1]
Reserves acquired in the acquisitions of PXP and MMR 0fcx_OilandGasReservesAcquiredinBusinessCombination 14,467fcx_OilandGasReservesAcquiredinBusinessCombination [1]
Sales, net of production expenses (3,062)us-gaap_SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts (2,296)us-gaap_SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts [1]
Net changes in sales and transfer prices, net of production expenses (2,875)us-gaap_NetIncreaseDecreaseInSalesAndTransferPricesAndProductionCosts (459)us-gaap_NetIncreaseDecreaseInSalesAndTransferPricesAndProductionCosts [1]
Extensions, discoveries and improved recoveries 194us-gaap_ExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts 752us-gaap_ExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts [1]
Changes in estimated future development costs (498)us-gaap_IncreaseDecreaseInEstimatedFutureDevelopmentCosts (1,190)us-gaap_IncreaseDecreaseInEstimatedFutureDevelopmentCosts [1]
Previously estimated development costs incurred during the year 982us-gaap_PreviouslyEstimatedDevelopmentCostsIncurredDuringPeriod 578us-gaap_PreviouslyEstimatedDevelopmentCostsIncurredDuringPeriod [1]
Sales of reserves in-place (1,323)us-gaap_DecreaseDueToSalesOfMineralsInPlace (12)us-gaap_DecreaseDueToSalesOfMineralsInPlace [1]
Other purchases of reserves in-place 487us-gaap_IncreaseDueToPurchasesOfMineralsInPlace 0us-gaap_IncreaseDueToPurchasesOfMineralsInPlace [1]
Revisions of quantity estimates 399us-gaap_RevisionsOfPreviousQuantityEstimates 102us-gaap_RevisionsOfPreviousQuantityEstimates [1]
Accretion of discount 1,195us-gaap_AccretionOfDiscount 701us-gaap_AccretionOfDiscount [1]
Net change in income taxes 1,505us-gaap_IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves (3,226)us-gaap_IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves [1]
Total changes (2,996)us-gaap_StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesPeriodIncreaseDecrease 9,417us-gaap_StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesPeriodIncreaseDecrease [1]
Balance at end of year $ 6,421us-gaap_StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves $ 9,417us-gaap_StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves [1]
[1] Includes the results of FM O&G beginning June 1, 2013.