<p><span><div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"><img src="https://static-ssl.businessinsider.com/image/573f70d452bcd0210c8c43ed-643-482/oil-prices-fall-as-canadian-oil-sands-fields-gradually-return-2016-5.jpg" alt="A natural gas flare on an oil well pad burns as the sun sets outside Watford City, North Dakota January 21, 2016. REUTERS/Andrew Cullen " data-mce-source="Thomson Reuters" data-mce-caption="A natural gas flare on an oil well pad burns as the sun sets outside Watford City, North Dakota" /><p class="source"><span>Thomson Reuters</span></p><p class="caption">A natural gas flare on an oil well pad burns as the sun sets outside Watford City, North Dakota</p></div><p></p></div></div>Freeport-McMoRan Oil &amp; Gas has withdrawn its initial public offering, <a href="https://twitter.com/CNBCnow/status/733750920333434882">CNBC reports</a></span><span>.</span></p><p><span>The company filed for an IPO <a href="https://www.sec.gov/Archives/edgar/data/1645676/000119312515231999/d942692ds1.htm">in June 2015</a>.</span></p><p><span>Copper and gold mining company Freeport-McMoRan, <a href="http://www.businessinsider.com/freeport-mcmoran-may-spin-off-oil-and-gas-business-2015-10">said it was considering spinning off its oil and gas business to shareholders last October</a>.</span></p><p><span>The company had planned to list Class A common stock on the New York Stock Exchange, <a href="http://www.marketwatch.com/story/freeport-mcmoran-oil-gas-files-for-ipo-2015-06-23-1791046">according to MarketWatch</a>.</span></p><p><em>More to come...</em> </p>    <div class="margin-top">        <h3>NOW WATCH: <a href="http://www.businessinsider.com/merrill-lynch-wall-street-banks-finance-2016-5">How Merrill Lynch changed the way people are paid on Wall Street</a></h3>        <div>            <div>    <script src="http://player.ooyala.com/v3/6e12e8b3387a44daacfb73afba25a76e"></script>    <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="o5aThjMzE6B0rd_VIYnQsLwbNdOt0AJU" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div>    <script>    if (typeof RunFunctions === 'undefined') { var RunFunctions = []; }     RunFunctions.push(function()    {         var ooyalapopvideo = OO.Player.create('ooyalaplayer_popvideo', 'o5aThjMzE6B0rd_VIYnQsLwbNdOt0AJU',{ autoplay: 'false' });     });    </script>    <noscript><div>Please enable Javascript to watch this video</div></noscript></div>        </div>        <script>(function() { function createPlayer() { OO.ready(function() { RunFunctions.forEach(function(ooyalaFunction) { ooyalaFunction(); }); RunFunctions = [];}); } createPlayer(); }()); </script>    </div>

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A big oil and gas company just withdrew its IPO

Thomson ReutersA natural gas flare on an oil well pad burns as the sun sets outside Watford City, North DakotaFreeport-McMoRan Oil &amp; Gas has withdrawn its initial public offering, CNBC reports.The company filed for an IPO in June 2015.Copper and gold mining company Freeport-McMoRan, said it was considering spinning off its oil and gas business to shareholders last October.The company had planned to list Class A common stock on the New York Stock Exchange, according to MarketWatch.More to come... NOW WATCH: How Merrill Lynch changed the way people are paid on Wall Street if (typeof RunFunctions === 'undefined') { var RunFunctions = []; } RunFunctions.push(function() { var ooyalapopvideo = OO.Player.create('ooyalaplayer_popvideo', 'o5aThjMzE6B0rd_VIYnQsLwbNdOt0AJU',{ autoplay: 'false' }); }); Please enable Javascript to watch this video (function() { function createPlayer() { OO.ready(function() { RunFunctions.forEach(function(ooyalaFunction) { ooyalaFunction(); }); RunFunctions = [];}); } createPlayer(); }());

Thomson ReutersA natural gas flare on an oil well pad burns as the sun sets outside Watford City, North DakotaFreeportMcMoRan Oil  Gas has withdrawn its initial public offering, CNBC reports. The company filed for an IPO in June 2015.

A big oil and gas company just withdrew its IPO

Portia Crowe

NOW WATCH: How Merrill Lynch changed the way people are paid on Wall Street

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