Can GE Continue To Grow Its Oil & Gas Business?

We figure with global demand for oil & gas continuing to grow, especially from the developing countries, oil & gas production will likely also rise in coming years. Accordingly, GE anticipates oil & gas industry's total spending to rise by 6% annually through 2017. In our view, this rising industry spending will grow GE's oil & gas results, as the company holds a leading position as an equipment supplier.