Institute for Energy Economics and Financial Analysis Report: GE's Q3 Loss, Write-Off Likely to Be $9+Billion
October 04, 2019
October 04, 2019
CLEVELAND, Ohio, Oct. 4 -- The Institute for Energy Economics and Financial Analysis issued the following news release:
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- More red ink to follow as O&G division has nearly $25 billion on balance sheet
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General Electric's misreading of changing dynamics in the energy sector and its Oil & Gas (O&G) division's 2017 merger with oil services company Baker Hughes have cost the company billions, according to a report released to . . .
* * *
- More red ink to follow as O&G division has nearly $25 billion on balance sheet
* * *
General Electric's misreading of changing dynamics in the energy sector and its Oil & Gas (O&G) division's 2017 merger with oil services company Baker Hughes have cost the company billions, according to a report released to . . .