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General Electric Company is Quickly Becoming an Energy Company

By Taylor Muckerman – Feb 5, 2014 at 9:04AM

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The growth at General Electric Oil & Gas has been quite notable over the past couple of years. Its latest deal with Chevron Corporation is just the latest in a string of activity.

Furthering their existing relationship, General Electric (GE -0.33%) and Chevron Corp (CVX 0.30%) have decided to come together on the technology side of the oil and gas sector in what will be creatively called the Chevron GE Technology Alliance. After several sizable acquisitions by GE over the past couple of years, this partnership furthers its reach into the energy sector. The combination of GE's manufacturing capabilities and Chevron's field experience should allow for some pretty innovative products to emerge. Check out our short clip below for more.

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This segment is from Tuesday's edition of "Digging for Value," in which sector analysts Joel South and Taylor Muckerman discuss energy and materials news with host Alison Southwick. The twice-weekly show can be viewed on Tuesdays and Thursdays. It can also be found on Twitter, along with our extended coverage of the energy & materials sectors @TMFEnergy.

Taylor Muckerman has no position in any stocks mentioned. The Motley Fool recommends Chevron. The Motley Fool owns shares of General Electric Company. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Stocks Mentioned

General Electric Stock Quote
General Electric
GE
$85.00 (-0.33%) $0.28
Chevron Stock Quote
Chevron
CVX
$172.52 (0.30%) $0.51
Cameron International Corporation Stock Quote
Cameron International Corporation
CAM.DL

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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