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Corporation
ENERGY & UTILITIES | Oil & Gas Production & Exploration
geoilandgas.com

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Investments

1

Portfolio Exits

1

Partners & Customers

3

About General Electric Oil & Gas

General Electric (NYSE: GE) is an American multinational conglomerate corporation and leading digital industrial company. The company's Oil & Gas Business specializing in drilling solutions for both land and offshore, offshore solutions, subsea solutions, enhanced oil recovery solutions, full range LNG solutions, industrial power generation, and more.

General Electric Oil & Gas Headquarter Location

3135 Easton Turnpike

Fairfield, Connecticut, 06828,

United States

203-373-2211

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Latest General Electric Oil & Gas News

More Bad News Ahead for General Electric

Sep 14, 2018

More Bad News Ahead for General Electric By Jon C. Ogg September 14, 2018 1:15 pm EDT Many investors have operated under the hope and belief that the worst has been seen at General Electric Co. (NYSE: GE). After all, its shares have been cut in half and then some, it’s already involved in a monumental restructuring and it has been booted out of the Dow Jones industrial average. Unfortunately for GE holders, there may be more bad times ahead, if a very negative analyst continues to be correct about the conglomerate. JPMorgan has been negative on GE for some time, and long before it was cool to be negative about Jeff Immelt’s plans. The research report also is not saying “enough is enough” here at all. JPMorgan’s Stephen Tusa said that the data points he has seen continue to support a bearish view. In other words, Tusa thinks GE has even more downside ahead. His rating is Underweight, and the price target of $11 represents about 10% in implied downside. The term “Underweight” in ratings is effectively synonymous with “Sell.” The bearish report notes that each company filing shows increased evidence that there is likely material downside to GE’s consensus earnings expectations for 2019. One issue mentioned was that GE Capital continues to shrink and each industrial business looks less impressive. That’s bad news for those investors hoping for an outright breakup of GE. In other words, GE might not be worth more when you just add up the value of the standalone entities without the major corporation stature of today. Thomson Reuters has consensus earnings estimates of $0.94 per share in 2018 and $1.01 in 2020. GE shares have a 52-week trading range of $11.94 to $25.21, and the 0.9% drop to $12.47 in midday trading on Friday doesn’t look good. To add insult to injury, GE was a $30 stock not that long ago. Just because one analyst is negative does not necessarily mean that he has a crystal ball. The consensus analyst price target from Thomson Reuters currently is just under $17. That said, JPMorgan has had an Underweight rating on GE since May of 2016 (back when GE shares were just over $30) and the firm has lowered its target price more than once since that initial downgrade. That means this firm has been more accurate than the consensus estimate by a long shot.

General Electric Oil & Gas Investments

1 Investments

General Electric Oil & Gas has made 1 investments. Their latest investment was in Tellurian Investments as part of their Unattributed - V on November 11, 2016.

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General Electric Oil & Gas Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/28/2016

Unattributed - V

Tellurian Investments

$25M

Yes

5

Date

11/28/2016

Round

Unattributed - V

Company

Tellurian Investments

Amount

$25M

New?

Yes

Co-Investors

Sources

5

General Electric Oil & Gas Portfolio Exits

1 Portfolio Exit

General Electric Oil & Gas has 1 portfolio exit. Their latest portfolio exit was Lufkin Rod Solutions on May 01, 2020.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

5/1/2020

Acq - Fin

8

Date

5/1/2020

Exit

Acq - Fin

Companies

Valuation

Acquirer

Sources

8

General Electric Oil & Gas Acquisitions

1 Acquisition

General Electric Oil & Gas acquired 1 company. Their latest acquisition was Lufkin Rod Solutions on April 08, 2013.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

4/8/2013

Acq - P2P

Acq - P2P

1

Date

4/8/2013

Investment Stage

Acq - P2P

Companies

Valuation

Total Funding

Note

Acq - P2P

Sources

1

General Electric Oil & Gas Partners & Customers

3 Partners and customers

General Electric Oil & Gas has 3 strategic partners and customers. General Electric Oil & Gas recently partnered with Chevron Corporation on March 3, 2018.

Date

Type

Business Partner

Country

News Snippet

Sources

3/2/2018

Client

Chevron Corporation

United States

Chevron, GE show faith in LNG sector with subsea service agreement in Australia

In an attempt to provide more subsea services for natural gas operators off the northwest coast of Western Australia , Chevron recently signed a long-term service agreement with GE ... http://anz.businesschief.com/finance/1858/Chevron-GE-show-faith-in-LNG-sector-with-subsea-service-agreement-in-Australia

1

2/20/2017

Client

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10

11/30/2016

Client

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10

Date

3/2/2018

2/20/2017

11/30/2016

Type

Client

Client

Client

Business Partner

Chevron Corporation

Country

United States

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News Snippet

Chevron, GE show faith in LNG sector with subsea service agreement in Australia

In an attempt to provide more subsea services for natural gas operators off the northwest coast of Western Australia , Chevron recently signed a long-term service agreement with GE ... http://anz.businesschief.com/finance/1858/Chevron-GE-show-faith-in-LNG-sector-with-subsea-service-agreement-in-Australia

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Sources

1

10

10

General Electric Oil & Gas Team

11 Team Members

General Electric Oil & Gas has 11 team members, including former Chief Executive Officer, Sebastien Condom.

Name

Work History

Title

Status

Sebastien Condom

Chief Executive Officer

Former

Mary Hackett

Chief Executive Officer

Former

Anne McEntee

Chief Executive Officer, President

Former

Phil Mason

President

Former

Ben Clark

Chief Financial Officer

Former

Name

Sebastien Condom

Mary Hackett

Anne McEntee

Phil Mason

Ben Clark

Work History

Title

Chief Executive Officer

Chief Executive Officer

Chief Executive Officer, President

President

Chief Financial Officer

Status

Former

Former

Former

Former

Former

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