GE Oil & Gas

What GE Oil & Gas does

GE Oil & Gas historically operated as a business unit within General Electric's energy portfolio, headquartered in Houston, Texas, focused on delivering technology and equipment solutions for the upstream, midstream, and downstream oil and gas value chains, including turbomachinery, subsea production systems, pressure control equipment, and digital solutions. Following GE's November 2021 announcement to split into three independent public companies, the GE Oil & Gas business was consolidated into GE Vernova (NYSE: GEV), which spun off in April 2024 and now encompasses the full energy portfolio including Gas Power, Hydro Power, Nuclear (BWRX-300 SMR), Steam Power, Offshore Wind (Haliade-X), Onshore Wind (3.6-154), Grid Solutions, Electrification Software (GridOS, CERius), and Power Conversion. GE Vernova's portfolio spans approximately 55,000 wind turbines and 7,000 gas turbines globally, helping generate roughly 30% of the world's electricity, with documented hydrogen-capable combustion experience exceeding 8 million operating hours. The company operates a direct enterprise sales model targeting utilities, independent power producers, and industrial customers, with revenue streams from capital equipment sales, long-term service agreements, project financing via Vernova Financial Services, and recurring software subscriptions. GE's broader 2024 restructuring left GE Aerospace (NYSE: GE, ~$32B revenue) operating commercial and military aircraft engines, and GE HealthCare (NASDAQ: GEHC, ~$19B revenue) operating medical technology, with GE Monogram brand identity retained across all three entities.

Name

GE Oil & Gas

Legal name

General Electric Company

Website

https://ge.com

Company type

Public

Founded year

1889

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

GE Oil & Gas, formerly a GE energy business unit headquartered in Houston, is now part of GE Vernova (NYSE: GEV). It supplies gas turbines, subsea equipment, and digital energy solutions to global utilities, oil and gas operators, and industrial customers, with an installed base enabling roughly 30% of world electricity generation.

Ownership category

akta.pro rank

Product category

Oil and Gas Equipment

NAICS

Oil and Gas Field Machinery and Equipment Manufacturing (333132), Mining and Oil and Gas Field Machinery Manufacturing (33313)

SIC

Oil & Gas Field Machinery & Equipment (3533)

akta.pro primary industry

Production Services & Artificial Lift (ESP, Rod Lift, Gas Lift, Chemicals) (EUALABAH)

akta.pro secondary industry

Captive & Embedded Gas-Fired Power Generation (Industrial/Commercial CHP) (EUALALAB)

Keywords

• Oil and gas equipment
• Subsea production systems
• Wellhead pressure control
• Drilling and turbomachinery
• Upstream oilfield services

Headquarters

HQ city

Houston

HQ country

United States

HQ region

North America

Offices16 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Technology or R&D, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Aerospace Systems and Engines: GE Aerospace generates revenue from commercial and military aircraft engines, propulsion systems, and related services. NYSE: GE with ~$32B annual revenue
2. Energy Systems and Power Generation: GE Vernova generates revenue from gas turbines, wind turbines, nuclear power, hydro power, steam power, and electrified power systems. NYSE: GEV with ~$33B annual revenue
3. Healthcare Technology: GE HealthCare generates revenue from medical technology, pharmaceutical diagnostics, and digital solutions. NASDAQ: GEHC with ~$19B annual revenue
4. Engine Maintenance and Overhaul Services: Maintenance, Repair, and Overhaul (MRO) services for commercial and military engines
5. Digital Software Solutions: CERius carbon emissions management software and GridOS grid orchestration software for energy customers
6. Financial Services: GE Vernova Financial Services provides project financing and co-development for energy projects

Go-to-market motion2 records

Distribution channels3 records

Marketing channels7 records

Core offering

GE Oil & Gas designed, manufactured, and serviced equipment and technology solutions for the global oil and gas industry. The portfolio included subsea production systems, wellhead and pressure control equipment, drilling solutions, turbomachinery (compressors, pumps, and gas turbines), and digital monitoring tools used by upstream exploration and production operators, midstream pipeline and processing companies, and downstream refiners. Following GE's 2024 restructuring, these operations are now part of GE Vernova.

Product overview

GE Oil & Gas operations are now part of GE Vernova (NYSE: GEV), a purpose-built global energy company that includes Power, Wind, and Electrification businesses. GE Vernova's portfolio spans Gas Power (gas turbines, aeroderivatives), Hydro Power, Nuclear (including BWRX-300 SMR), Steam Power, Onshore and Offshore Wind (including Haliade-X), Grid Solutions, Electrification Software (GridOS, CERius), and Power Conversion. The company also operates accelerator businesses including Advanced Research, Consulting Services, and Financial Services. GE Vernova is headquartered in Cambridge, Massachusetts with over 80,000 employees across 100+ countries. The company's mission is to electrify the world while decarbonizing it, supporting the energy transition through technology solutions for power generation, transmission, and distribution.

Differentiator

Problem solved

Functional benefit

Products and services

• Subsea Production Systems
• Wellhead and Pressure Control Equipment
• Drilling Solutions
• Turbomachinery (Compressors and Pumps)
• LM2500 Aeroderivative Gas Turbines
• Pressure and Sensing Instrumentation
• Long-Term Service Agreements and Aftermarket Support
• Hydrogen-Capable Gas Turbines for Oil & Gas Facilities

Quantifiable outcome

• 3,500 MW capacity from single wind project (SunZia)
• +4 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability7 records

Feature8 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• Technip EnergiescoreStrategic or Co-development Partner · 15 March 2024GE Vernova and Technip Energies are advancing one of the world's first commercial-scale gas-fired power stations integrated with carbon capture technology at Net-Zero Teesside (NZT) Power in the UK
• EnergyAustraliacoreStrategic or Co-development Partner · 19 February 2024Tallawarra B Power Station - Australia's first dual-fuel gas and green hydrogen capable power plant, opened February 2024
• SaskPowercoreStrategic or Co-development Partner · 30 January 2024Agreement to advance small modular reactor (SMR) development in Saskatchewan using GE Hitachi Nuclear Energy's BWRX-300 technology
• IHI CorporationcoreStrategic or Co-development Partner · 24 January 2024Joint Development Agreement to develop 100% ammonia capable gas turbine combustion system by 2030, compatible with GE Vernova's 6F.03 and other gas turbines
• CS EnergycoreStrategic or Co-development Partner · 8 January 2024CS Energy's Brigalow Peaking Power Plant powered by 12 GE Vernova LM2500XPRESS aeroderivative turbines, Queensland's first hydrogen-ready power station
• National Audubon SocietyminorOthers · 1 January 2024Pattern Energy working with National Audubon Society to address environmental challenges and impact of transmission line route for SunZia project
• Boeing and NASAcoreStrategic or Co-development Partner · 1 January 2022Electrified Powertrain Flight Demonstration (EPFD) project for hybrid electric commercial flight technology development
• TerraPowercoreStrategic or Co-development Partner · 1 January 2022GE-led joint venture Global Nuclear Fuel-Americas (GNF-A) and TerraPower building the Natrium Fuel Facility near Wilmington, North Carolina with $200M+ investment
• GE-Baker Hughes Joint Venture (Aero Engine Operation)coreStrategic or Co-development Partner · 1 January 2022Joint venture for Aero Engine Operation (AEO) investing in Evendale, Ohio facility for test operations and assembly
• Pattern EnergycoreStrategic or Co-development Partner · 1 January 2021Pattern Energy and GE Vernova collaboration on SunZia wind project (3,500 MW, largest in Western Hemisphere) and Western Spirit wind project (1,050 MW)

Scale indicators17 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• TechnipFMC: Subsea, surface, and integrated project competitor for oil & gas infrastructure. Partnered with GE Vernova on Net-Zero Teesside Power carbon capture project; competes in subsea production systems and integrated EPC for upstream-to-power energy projects.
• Hitachi Energy: Direct competitor in grid infrastructure (transformers, HVDC) and partner with GE Vernova on SunZia. Hitachi Energy's grid solutions portfolio competes with GE Vernova Grid Solutions and its HVDC technology for renewable power transmission.
• Mitsubishi Heavy Industries: Competes with GE in large-scale gas turbines (M501J, M501G) for utility and industrial power, plus turbomachinery (compressors, pumps) for oil & gas applications. Mitsubishi Power's hydrogen-ready turbines and M501JAC directly target GE Vernova's installed base.
• Siemens Energy: Direct competitor in heavy-duty and aeroderivative gas turbines, grid technology, and industrial power generation. Siemens Energy's SGT-A35 (LM2500-class) and SGT-9000HL compete head-to-head with GE Vernova's LM2500XPRESS and HA-class turbines for oil & gas and utility customers.
• Schlumberger (SLB): Largest oilfield services company globally, competing with the historical GE Oil & Gas business in drilling services, well completions, artificial lift, and production technologies. Both companies have pivoted toward digital and emissions-management offerings for oil & gas operators.
• Baker Hughes: Major direct competitor in oilfield services, drilling, production equipment, and turbomachinery (compressors, pumps) for upstream and midstream oil & gas. Baker Hughes' GEOilfield and ESP/lift products compete directly with the historical GE Oil & Gas portfolio.

Broad incumbents

• Rolls-Royce: Competes in industrial gas turbines (Rolls-Royce Power Systems / MTU) for oil & gas and industrial power, plus aero engines. The Bergen and MTU turbine ranges target similar industrial and midstream oil & gas applications as GE Vernova's aeroderivative units.
• Honeywell: Broad industrial conglomerate with process technology (UOP), gas processing, turbomachinery, and emissions management solutions competing with GE in oil & gas refining, petrochemical, and gas processing adjacencies.
• ABB: Competes in industrial automation, electrification, motion, and process automation for oil & gas, power generation, and industrial customers. ABB's drives, motors, and grid solutions overlap with GE Vernova's electrification and grid offerings.
• Caterpillar: Major manufacturer of reciprocating engines, turbines, and oilfield equipment (Cat Oil & Gas). Competes with GE in smaller-scale mechanical drive turbines and gas compression for upstream and midstream oil & gas applications.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat7 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/ge_oilandgas
• YouTubeyoutube.com/@GEAerospace
• LinkedInlinkedin.com/company/ge-oil-gas
• Instagraminstagram.com/ge_aerospace
• Facebookfacebook.com/GeneralElectricOilGas

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A6 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about GE Oil & Gas