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  • Previous Rank26
  • Revenues ($M)$126,661
  • Revenue Percent Change-9.8%
  • Profits ($M)$8,831
  • Profits Percent Change-
  • Assets ($M)$365,183
  • Employees295,000

Under long-serving CEO Jeff Immelt, GE continues its major transformation to refocus on its bedrock industrial businesses and distance itself from the legacy of Immelt’s legendary predecessor, Jack Welch. The company faced headwinds in 2016 and earnings for its Oil and Gas business dropped 37% year over year as the rest of the portfolio rose 8%. “We simply couldn’t outrun pressure in resource markets,” Immelt acknowledged, even though the company’s greatest race is to turn its staple industrial businesses, from locomotives to jet engines, into high-growth opportunities. In August, Immelt handed over the CEO reins to John Flannery to continue GE’s transformation. GE was founded in 1892 and is headquartered in Boston.

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Company Information

CEO
Jeffrey R. Immelt
Sector
Industrials
Industry
Industrial Machinery
HQ Location
Boston, MA
Websitehttp://www.ge.com
Years on Global 500 List23
Employees295,000

General Electric Rank History

Key Financials (Last Fiscal Year)

($ Millions)% change
Revenues ($M)$126,661-9.8%
Profits ($M)$8,831-
Assets ($M)$365,183-
Total Stockholder Equity ($M)$75,828-

Profit Ratios

Profit as % of Revenues7%
Profits as % of Assets2.4%
Profits as % of Stockholder Equity11.6%