General Electric recently made a huge bet on shale, buying an oil and gas equipment company called Lufkin Industries for $3.3 billion. The purchase will boost GE's portfolio of U.S. energy businesses. Shares of both Lufkin and GE were up with word of the news.
GE Bets on Shale
General Electric recently made a huge bet on shale, buying an oil and gas equipment company called Lufkin Industries for $3.3 billion. The purchase will boost GE's portfolio of U.S. energy businesses. Shares of both Lufkin and GE were up with word of the news.
May 2, 2013
Latest in Home
ABB to Invest $110 Million in 4 U.S. Plants
September 17, 2025
Nvidia CEO Huang Says He's Disappointed by China Chip Curbs
September 17, 2025