GE Points to Baker Hughes Merger After Disappointing Earnings
SUGAR LAND--January 23, 2017--Researched by Industrial Info Resources (Sugar Land, Texas)--Weaker-than-expected revenues, attributed largely to its oil and gas businesses, were among the factors that led to a sense of disappointment for General Electric (NYSE:GE) (Fairfield, Connecticut) for fourth-quarter 2016, despite a strong performance by its power-plant and renewable-energy businesses. But significant contributions from French power company Alstom, which GE acquired in 2015, and a pending merger with a major oilfield-services company have put executives in an optimistic mood for the near future. Industrial Info is tracking $57.14 billion in active projects involving GE and its GE Oil & Gas subsidiary.
Within this article: Details on some of the highest-valued projects involving GE and GE Oil & Gas, as well as soon-to-be associate Baker Hughes Incorporated (NYSE:BHI).
Other companies featured: Chevron Corporation (NYSE:CVX), Dominion Resources Incorporated (NYSE:D)
