Company
General Electric
Official Name: General Electric Company
Headquarters: Boston, MA, United States
Founded: April 15, 1892
Employees: 168,000
CEO: Mr. H. Lawrence Culp Jr.
Market Cap
$178.42 Billion
USD as of July 1, 2024
General Electric Categories
United States Industrials Specialty Industrial MachineryUnited States Industrials United States Specialty Industrial Machinery
Company Description
General Electric Company, more simply known as GE, is a multinational company primarily involved in engineering and machinery. Tracing its origins to 1889 with the foundation of the Edison Lamp Company by Thomas Edison, GE has grown and acquired engineering companies in a number of industries, including aviation, power generation, nuclear energy, renewable energy, and expanded into finance and asset management.
Top Competitors by Market Capitalization
Industry: Specialty Industrial Machinery
| Company | Market Cap (USD) |
|---|---|
| Siemens | $149.99 B |
| Schneider Electric | $138.86 B |
| Honeywell | $138.35 B |
| Eaton Corporation plc | $126.91 B |
| Open Joint Stock Company OMZ | $101.93 B |
Sector:
| Company | Market Cap (USD) |
|---|---|
| Caterpillar | $160.58 B |
| Siemens | $149.99 B |
| Schneider Electric | $138.86 B |
| Honeywell | $138.35 B |
| Union Pacific | $137.63 B |
Detailed Description
General Electric Company operates as a high-tech industrial company in Europe, China, Asia, the Americas, the Middle East, and Africa. It operates through four segments: Power, Renewable Energy, Aviation, and Healthcare segments. The Power segment offers gas and steam turbines, full balance of plant, upgrade, and service solutions, as well as data-leveraging software for power generation, industrial, government, and other customers. The Renewables segment provides various solutions for its customers through combining onshore and offshore wind, blade manufacturing, grid solutions, hydro, storage, hybrid renewables, and digital services offerings. The Aviation segment designs and produces commercial and military aircraft engines, integrated engine components, electric power, and mechanical aircraft systems; and provides aftermarket services. The Healthcare segment provides healthcare technologies to developed and emerging markets in medical imaging, digital solutions, patient monitoring and diagnostics, and drug discovery and performance improvement solutions that are the building blocks of precision health to hospitals and medical facilities. The company also engages in the provision of various financial solutions; and management of run-off insurance operations, which provides life and health insurance and reinsurance products, as well as grid management software. General Electric Company was incorporated in 1892 and is headquartered in Boston, Massachusetts.
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Stocks & Indices
General Electric Company has the following listings and related stock indices.
Stock: NYSE: GE wb_incandescent
Stock: LSE: GEC wb_incandescent
Stock: FSX: GEC wb_incandescent
Stock: XETR: GEC wb_incandescent
Stock: Euronext: GNE wb_incandescent
Product & Services
Aircraft enginesElectrical distributionElectric motorsEnergyFinanceHealth careSoftwareWind turbines
Key People
Founder(s): Charles A. Coffin Thomas Edison J. P. Morgan
H. Lawrence Culp Jr. (Chairman & CEO)
Financials
Revenue: US$ 74.196 billion (2021)
Operating income: US$ 6.096 billion (2021)
Net income: US$ -3.325 billion (2021)
Total assets: US$ 198.874 billion (2021)
Total equity: US$ 40.310 billion (2021)