<TABLE> <S> <C>

<ARTICLE>                                   5
<LEGEND>     THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
             THE CONSOLIDATED BALANCE SHEET AT DECEMBER 31, 1995 AND THE RELATED
             CONSOLIDATED  STATEMENTS  OF  OPERATIONS  AND OF CASH FLOWS FOR THE
             YEAR ENDED  DECEMBER 31, 1995 OF PHELPS DODGE  CORPORATION  AND ITS
             SUBSIDIARIES  AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
             FINANCIAL STATEMENTS.

</LEGEND>
<MULTIPLIER>                                1,000
<CURRENCY>                                  U.S. DOLLARS
       
<S>                                         <C>
<PERIOD-TYPE>                               12-MOS
<FISCAL-YEAR-END>                           DEC-31-1995
<PERIOD-START>                              JAN-01-1995
<PERIOD-END>                                DEC-31-1995
<EXCHANGE-RATE>                             1
<CASH>                                                                                   608,500
<SECURITIES>                                                                                   0
<RECEIVABLES>                                                                            495,700
<ALLOWANCES>                                                                              12,000
<INVENTORY>                                                                              281,500
<CURRENT-ASSETS>                                                                       1,555,200
<PP&E>                                                                                 4,820,800
<DEPRECIATION>                                                                         2,092,100
<TOTAL-ASSETS>                                                                         4,645,900
<CURRENT-LIABILITIES>                                                                    605,000
<BONDS>                                                                                  613,100
<PREFERRED-MANDATORY>                                                                          0
<PREFERRED>                                                                                    0
<COMMON>                                                                                 428,700
<OTHER-SE>                                                                             2,249,000
<TOTAL-LIABILITY-AND-EQUITY>                                                           4,645,900
<SALES>                                                                                4,185,400
<TOTAL-REVENUES>                                                                       4,185,400
<CGS>                                                                                  2,691,400
<TOTAL-COSTS>                                                                          2,691,400
<OTHER-EXPENSES>                                                                         269,900
<LOSS-PROVISION>                                                                               0
<INTEREST-EXPENSE>                                                                        62,000
<INCOME-PRETAX>                                                                        1,075,700
<INCOME-TAX>                                                                             322,700
<INCOME-CONTINUING>                                                                      746,600
<DISCONTINUED>                                                                                 0
<EXTRAORDINARY>                                                                                0
<CHANGES>                                                                                      0
<NET-INCOME>                                                                             746,600
<EPS-PRIMARY>                                                                              10.65
<EPS-DILUTED>                                                                              10.65
        

</TABLE>