GE shifts from oil to wind

The squeezed US conglomerate is putting its oil and gas division up for sale and will henceforth only invest in electricity and wind.

Photo: /ritzau/AP/Thibault Camus

One week ago, GE lost its place in the US Dow Jones index. After more than 110 consecutive years on the list of leading shares, the US conglomerate was replaced by chain Walgreens Boots Alliance.

Over the last 12 months, the company has lost approximately half of its market value and work across several arms of its diverse business.

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