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Energy : Oil, Gas & Consumable Fuels | Large Cap BlendCompany profile

EOG Resources, Inc. explores for, develops, produces and markets crude oil and natural gas in major producing basins in the United States, The Republic of Trinidad and Tobago, the United Kingdom, The People's Republic of China, Canada and, from time to time, select other international areas. Its operations are all crude oil and natural gas exploration and production related. As of December 31, 2016, its total estimated net proved reserves were over 2,147 million barrels of oil equivalent (MMBoe), of which over 1178 million barrels (MMBbl) were crude oil and condensate reserves, over 416 MMBbl were natural gas liquids reserves and over 3318 billion cubic feet, or 553 MMBoe, were natural gas reserves. Its operations are focused in the productive basins in the United States with a focus on crude oil and, to a lesser extent, liquids-rich natural gas plays. It has operations offshore Trinidad, in the United Kingdom East Irish Sea, in the China Sichuan Basin and in Canada.

Price
Delayed
$70.24
Day's Change
2.58 (3.81%)
Bid
--
Ask
--
B/A Size
--
Day's High
70.70
Day's Low
67.40
Volume
(Below Average)

Today's volume of 3,051,555 shares is on pace to be lower than EOG's 10-day average volume of 5,050,825 shares.

3,051,555

GE Announces Pricing for its Debt Tender Offers

3:06 pm ET September 26, 2019 (BusinessWire) Print

GE (NYSE:GE) today announced the pricing and the accepted tender amounts for its previously announced offers to purchase for cash (i) up to $2,500,000,000 (the "Dollar Security Maximum Amount") aggregate purchase price of its U.S. Dollar-Denominated Debt Securities listed in Table I below (the "Dollar Securities" and such offer to purchase, the "Dollar Tender Offer"), and (ii)up to $2,500,000,000 (as converted on the basis set forth in the Offer to Purchase) (the "Euro Security Maximum Amount") aggregate purchase price of its Euro-Denominated Debt Securities listed in Table II below (the "Euro Securities" and such offer to purchase, the "Euro Tender Offer"). The overall maximum aggregate purchase price to be paid between the Dollar Tender Offer and the Euro Tender Offer is $5,000,000,000 (the "Total Maximum Amount") and will not be increased. The Dollar Securities and the Euro Securities are together referred to as the "Securities" and the Dollar Tender Offer and the Euro Tender Offer are together referred to as the "Tender Offers" and each, a "Tender Offer." Table I and Table II below outline the tender offer yield for each series of Securities and the principal amount accepted as of the Early Participation Date for each series of Securities.

As previously announced, the Early Participation Date for each Tender Offer was 5:00 p.m., New York City time, on September 25, 2019. Each Tender Offer is made upon the terms and subject to the conditions set forth in the Offer to Purchase, dated September 12, 2019 (as it may be amended or supplemented from time to time, the "Offer to Purchase"). Withdrawal rights for each Tender Offer expired at 5:00 p.m., New York City time, on September 25, 2019, and have not been extended. The Early Payment Date for each Tender Offer will be promptly following the Early Participation Date and is expected to be on or about September 30, 2019. Consummation of each Tender Offer is subject to certain conditions (as described in the Offer to Purchase).

The Expiration Date of the Tender Offers is 11:59 p.m., New York City time, on October 9, 2019, unless extended or earlier terminated by GE. However, because the aggregate purchase price of Dollar Securities validly tendered in the Dollar Tender Offer prior to the Early Participation Date exceeds the Dollar Security Maximum Amount and the aggregate purchase price of Euro Securities validly tendered in the Euro Tender Offer prior to the Early Participation Date exceeds the Euro Security Maximum Amount, GE will not accept any further tenders of Securities.

The consideration to be paid in the Tender Offers for each series of Securities has been determined in the manner described in the Offer to Purchase according to the "Reference Yield" which means (i) with respect to the Dollar Securities, the yield of the applicable Reference Security listed in Table I below for such series and (ii) with respect to the Euro Securities, the Interpolated Rate for such series.

GE plans to accept all Dollar Securities tendered with Acceptance Priority Level 1, all Euro Securities tendered with Acceptance Priority Levels 1 through 3, Dollar Securities tendered with Acceptance Priority Level 2 using a proration factor of approximately 92.10% in accordance with the Offer to Purchase, Euro Securities tendered with Acceptance Priority Level 4 using a proration factor of approximately 16.61% in accordance with the Offer to Purchase, none of the Dollar Securities tendered with Acceptance Priority Levels 3 through 4, and none of the Euro Securities tendered with Acceptance Priority Levels 5 through 6.

Holders who validly tendered and did not validly withdraw such Securities at or prior to the Early Participation Date that are accepted for purchase will receive the applicable "Total Consideration" listed in Table I or Table II below, as applicable, for their Securities, which includes an early participation amount of $50.00 per $1,000 principal amount of Dollar Securities or EUR50.00 per EUR1,000 principal amount of Euro Securities accepted for purchase (the "Early Participation Amount"). In addition, holders whose Securities are accepted for purchase pursuant to a Tender Offer will also receive accrued and unpaid interest on the Securities from, and including, the most recent interest payment date prior to the applicable Payment Date up to, but not including, the applicable Payment Date ("Accrued Interest"). See the Offer to Purchase for additional information. The Early Payment Date is expected to be September 30, 2019.

                                                                                                                                                                          Table I: Dollar Securities Subject To The Dollar Tender Offer
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
       Title of            Security           Security         Applicable      Applicable      Principal      Principal   Acceptance Acceptance    Principal      Principal      Principal      Principal                 Reference                           Reference                Reference      Reference        Fixed          Fixed         Tender         Tender           Total            Total
       Security          Identifier(s)      Identifier(s)       Maturity        Maturity        Amount         Amount      Priority   Priority      Amount         Amount         Amount         Amount                   Security                            Security                 Yield(1)       Yield(1)        Spread         Spread          Offer          Offer     Consideration(2) Consideration(2)
                                                                  Date            Date        Outstanding    Outstanding     Level      Level   Tendered as of Tendered as of Accepted as of Accepted as of                                                                                                       (basis points) (basis points)      Yield          Yield
                                                                                                                                                   the Early      the Early      the Early      the Early
                                                                                                                                                 Participation  Participation  Participation  Participation
                                                                                                                                                     Date           Date           Date           Date
--------------------- ------------------ ------------------ --------------- --------------- -------------- -------------- ---------- ---------- -------------- -------------- -------------- -------------- ----------------------------------- ----------------------------------- -------------- -------------- -------------- -------------- -------------- -------------- ---------------- ----------------
 4.500% Notes due 2044      CUSIP:             CUSIP:        March 11, 2044  March 11, 2044 $2,250,000,000 $2,250,000,000      1          1     $1,249,537,000 $1,249,537,000 $1,249,537,000 $1,249,537,000  2.875% US Treasury due May 15, 2049 2.875% US Treasury due May 15, 2049    2.155%         2.155%           190            190          4.055%         4.055%         $1,068.59        $1,068.59
                           369604BH5          369604BH5
                      ISIN: US369604BH58 ISIN: US369604BH58
--------------------- ------------------ ------------------ --------------- --------------- -------------- -------------- ---------- ---------- -------------- -------------- -------------- -------------- ----------------------------------- ----------------------------------- -------------- -------------- -------------- -------------- -------------- -------------- ---------------- ----------------
 4.125% Notes due 2042      CUSIP:             CUSIP:        October 9, 2042 October 9, 2042$2,000,000,000 $2,000,000,000      2          2     $1,243,821,000 $1,243,821,000 $1,144,230,000 $1,144,230,000  2.875% US Treasury due May 15, 2049 2.875% US Treasury due May 15, 2049    2.155%         2.155%           185            185          4.005%         4.005%         $1,017.93        $1,017.93
                           369604BF9          369604BF9
                      ISIN: US369604BF92 ISIN: US369604BF92
--------------------- ------------------ ------------------ --------------- --------------- -------------- -------------- ---------- ---------- -------------- -------------- -------------- -------------- ----------------------------------- ----------------------------------- -------------- -------------- -------------- -------------- -------------- -------------- ---------------- ----------------
 3.375% Notes due 2024      CUSIP:             CUSIP:        March 11, 2024  March 11, 2024  $750,000,000   $750,000,000       3          3      $358,735,000   $358,735,000        $0             $0                  --                      --           -- -- -- -- -- --  --   --
                           369604BG7          369604BG7
                      ISIN: US369604BG75 ISIN: US369604BG75
--------------------- ------------------ ------------------ --------------- --------------- -------------- -------------- ---------- ---------- -------------- -------------- -------------- -------------- ----------------------------------- ----------------------------------- -------------- -------------- -------------- -------------- -------------- -------------- ---------------- ----------------
 2.700% Notes due 2022      CUSIP:             CUSIP:        October 9, 2022 October 9, 2022$3,000,000,000 $3,000,000,000      4          4     $1,159,353,000 $1,159,353,000       $0             $0                  --                      --           -- -- -- -- -- --  --   --
                           369604BD4          369604BD4
                      ISIN: US369604BD45 ISIN: US369604BD45
--------------------- ------------------ ------------------ --------------- --------------- -------------- -------------- ---------- ---------- -------------- -------------- -------------- -------------- ----------------------------------- ----------------------------------- -------------- -------------- -------------- -------------- -------------- -------------- ---------------- ----------------
                                                                                                                                                                                                Table II: Euro Securities Subject To The Euro Tender Offer
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
       Title of            Security           Security       Applicable   Applicable           Principal                 Principal        Acceptance Acceptance         Principal               Principal               Principal               Principal              Interpolated               Interpolated           Reference      Reference        Fixed          Fixed         Tender         Tender             Total                Total
       Security          Identifier(s)      Identifier(s)     Maturity     Maturity             Amount                    Amount           Priority   Priority           Amount                  Amount                  Amount                  Amount                    Rate                       Rate               Yield(1)       Yield(1)        Spread         Spread          Offer          Offer       Consideration(2)     Consideration(2)
                                                                Date         Date             Outstanding               Outstanding          Level      Level        Tendered as of          Tendered as of            Accepted as             Accepted as                                                                                              (basis         (basis          Yield          Yield
                                                                                                                                                                        the Early               the Early             of the Early            of the Early                                                                                              points)        points)
                                                                                                                                                                      Participation           Participation           Participation           Participation
                                                                                                                                                                          Date                    Date                   Date(3)                 Date(3)
--------------------- ------------------ ------------------ ------------ ------------ ------------------------- ------------------------- ---------- ---------- ----------------------- ----------------------- ----------------------- ----------------------- -------------------------- -------------------------- -------------- -------------- -------------- -------------- -------------- -------------- -------------------- --------------------
 2.125% Notes due 2037      CUSIP:             CUSIP:       May 17, 2037 May 17, 2037  EUR2,000,000,000 EUR2,000,000,000     1          1      EUR992,486,000 EUR992,486,000 EUR992,486,000 EUR992,486,000May 2037 Interpolated Rate May 2037 Interpolated Rate     0.121%         0.121%           175            175          1.871%         1.871%     EUR1,037.80 EUR1,037.80
                           369604BU6          369604BU6
                             ISIN:              ISIN:
                         XS1612543394       XS1612543394
--------------------- ------------------ ------------------ ------------ ------------ ------------------------- ------------------------- ---------- ---------- ----------------------- ----------------------- ----------------------- ----------------------- -------------------------- -------------------------- -------------- -------------- -------------- -------------- -------------- -------------- -------------------- --------------------
 1.875% Notes due 2027      CUSIP:             CUSIP:       May 28, 2027 May 28, 2027  EUR1,250,000,000 EUR1,250,000,000     2          2      EUR374,063,000 EUR374,063,000 EUR374,063,000 EUR374,063,000May 2027 Interpolated Rate May 2027 Interpolated Rate     -0.284%        -0.284%          135            135          1.066%         1.066%     EUR1,059.17 EUR1,059.17
                           369604BL6          369604BL6
                      ISIN: XS1238902057 ISIN: XS1238902057
--------------------- ------------------ ------------------ ------------ ------------ ------------------------- ------------------------- ---------- ---------- ----------------------- ----------------------- ----------------------- ----------------------- -------------------------- -------------------------- -------------- -------------- -------------- -------------- -------------- -------------- -------------------- --------------------
     1.500% Notes           CUSIP:             CUSIP:       May 17, 2029 May 17, 2029  EUR2,250,000,000 EUR2,250,000,000     3          3      EUR784,057,000 EUR784,057,000 EUR784,057,000 EUR784,057,000May 2029 Interpolated Rate May 2029 Interpolated Rate     -0.179%        -0.179%          155            155          1.371%         1.371%     EUR1,011.54 EUR1,011.54
       due 2029            369604BT9          369604BT9
                             ISIN:              ISIN:
                         XS1612543121       XS1612543121
--------------------- ------------------ ------------------ ------------ ------------ ------------------------- ------------------------- ---------- ---------- ----------------------- ----------------------- ----------------------- ----------------------- -------------------------- -------------------------- -------------- -------------- -------------- -------------- -------------- -------------- -------------------- --------------------
 1.250% Notes due 2023      CUSIP:             CUSIP:       May 26, 2023 May 26, 2023  EUR1,250,000,000 EUR1,250,000,000     4          4      EUR407,748,000 EUR407,748,000 EUR59,407,000  EUR59,407,000 May 2023 Interpolated Rate May 2023 Interpolated Rate     -0.436%        -0.436%          90             90           0.464%         0.464%     EUR1,028.40 EUR1,028.40
                           369604BK8          369604BK8
                             ISIN:              ISIN:
                         XS1238901166       XS1238901166
--------------------- ------------------ ------------------ ------------ ------------ ------------------------- ------------------------- ---------- ---------- ----------------------- ----------------------- ----------------------- ----------------------- -------------------------- -------------------------- -------------- -------------- -------------- -------------- -------------- -------------- -------------------- --------------------
 0.875% Notes due 2025      CUSIP:             CUSIP:       May 17, 2025 May 17, 2025  EUR2,000,000,000 EUR2,000,000,000     5          5      EUR806,099,000 EUR806,099,000      EUR0           EUR0           --             --       -- -- -- -- -- --    --       --
                           369604BS1          369604BS1
                             ISIN:              ISIN:
                         XS1612542826       XS1612542826
--------------------- ------------------ ------------------ ------------ ------------ ------------------------- ------------------------- ---------- ---------- ----------------------- ----------------------- ----------------------- ----------------------- -------------------------- -------------------------- -------------- -------------- -------------- -------------- -------------- -------------- -------------------- --------------------
 0.375% Notes due 2022      CUSIP:             CUSIP:       May 17, 2022 May 17, 2022  EUR1,750,000,000 EUR1,750,000,000     6          6      EUR679,163,000 EUR679,163,000      EUR0           EUR0           --             --       -- -- -- -- -- --    --       --
                           369604BR3          369604BR3
                             ISIN:              ISIN:
                         XS1612542669       XS1612542669
--------------------- ------------------ ------------------ ------------ ------------ ------------------------- ------------------------- ---------- ---------- ----------------------- ----------------------- ----------------------- ----------------------- -------------------------- -------------------------- -------------- -------------- -------------- -------------- -------------- -------------- -------------------- --------------------

The Bloomberg screen page used for determining the Reference Yield for the Dollar Tender Offer is "FIT1" and that for the Euro Tender Offer is "ICAE1." The applicable Total Consideration payable for each series of Securities will be at a price per $1,000 or EUR1,000 principal amount of such series of Securities validly tendered on or prior to the applicable Early Participation Date and accepted for purchase by us, which is calculated using the applicable Fixed Spread, and includes the applicable Early Participation Amount. In addition, holders whose Securities are accepted for purchase will also receive any Accrued Interest on such Securities. The exchange rate used to convert Euro to U.S. dollar was $1.0963 per Euro, the applicable exchange rate as of 10:00 a.m., New York City time, on September 26, 2019 as reported on the Bloomberg screen page "FXIP" under the heading "FX Rate vs. USD."

Copies of the Offer to Purchase are available from the Information and Tender Agent as set out below. Capitalized terms used in this announcement but not defined have the meanings given to them in the Offer to Purchase. All documentation relating to the Offer to Purchase, together with any updates will be available via the Offer Website: https://sites.dfkingltd.com/ge.

GE reserves the right, in its sole discretion, not to accept any Tender Instructions, not to purchase any Securities or to extend, re-open, withdraw or terminate one or both of the Tender Offers and to amend or waive any of the terms and conditions of one or both of the Tender Offers in any manner, subject to applicable laws and regulations.

Unless stated otherwise, announcements in connection with the Tender Offers will be made available on GE's website at www.genewsroom.com. Such announcements may also be made by (i) the issue of a press release and (ii) the delivery of notices to the Clearing Systems for communication to Direct Participants. Copies of all such announcements, press releases and notices can also be obtained from the Information and Tender Agent, the contact details for whom are set out below. Significant delays may be experienced where notices are delivered to the Clearing Systems and Holders are urged to contact the Information and Tender Agent for the relevant announcements relating to the Tender Offers. In addition all documentation relating to the Offer to Purchase, together with any updates, will be available via the Offer Website: https://sites.dfkingltd.com/ge.

Holders are advised to read carefully the Offer to Purchase for full details of and information on the procedures for participating in a Tender Offer.

J.P. Morgan Securities LLC, J.P. Morgan Securities plc, BofA Merrill Lynch, Merrill Lynch International and Goldman Sachs & Co. LLC (collectively, the "Dealer Managers") are acting as dealer managers in connection with the Tender Offers. D.F. King is acting as information and tender agent (the "Information and Tender Agent") in connection with the Tender Offers.

Questions and requests for assistance or for additional copies of this Offer to Purchase may be directed to any of the Dealer Managers or to the Information and Tender Agent.

  J.P. Morgan Securities LLC            BofA Merrill Lynch            Goldman Sachs & Co. LLC
  Liability Management Group        Liability Management Group      Liability Management Group
 383 Madison Avenue, 6th Floor  214 North Tryon Street, 14th Floor        200 West Street
      New York, NY 10179          Charlotte, North Carolina 28255    New York, New York 10282
   United States of America           Collect: (646) 855-0173               In the U.S.
 Toll Free: +1 (866) 834-4666        Toll-Free: (888) 292-0070        Collect: (212) 902-6351
  Collect: +1 (212) 834-3424                      Toll-Free: (800) 828-3182
                                       In Europe
  J.P. Morgan Securities plc        Merrill Lynch International       Tel.: +44 20 7552 6157
  Liability Management Group           2 King Edward Street             
        25 Bank Street                    London EC1A 1HQ
         Canary Wharf                     United Kingdom
        London E14 5JP                Tel.: +44 20 7996 5420
        United Kingdom         Attention: Liability Management Group
 Collect: +44 (0) 207 779 2468      Email: DG.LM_EMEA@baml.com
                     

Questions and requests for assistance in connection with the delivery of Tender Instructions may be directed to the Information and Tender Agent.

Information and Tender Agent

D.F. King

Email: ge@dfkingltd.com

Offer Website: https://sites.dfkingltd.com/ge

       In London                        In New York
   65 Gresham Street            48 Wall Street, 22nd Floor
    London EC2V 7NQ              New York, New York 10005
    United Kingdom               United States of America
 Tel: +44 20 7920 9700            Attention: Andrew Beck
                         Banks and Brokers call: +1 (212) 269-5550
                      All others call (toll free): +1 (800) 820-2415

DISCLAIMER This announcement must be read in conjunction with the Offer to Purchase. This announcement and the Offer to Purchase contain important information which should be read carefully before any decision is made with respect to the Tender Offers. If you are in any doubt as to the contents of this announcement or the Offer to Purchase or the action you should take, you are recommended to seek your own financial and legal advice, including as to any tax consequences, immediately from your broker, bank manager, solicitor, accountant or other independent financial or legal adviser. Any individual or company whose Securities are held on its behalf by a broker, dealer, bank, custodian, trust company or other nominee or intermediary must contact such entity if it wishes to participate in a Tender Offer. None of the Dealer Managers, the Information and Tender Agent or GE makes any recommendation as to whether Holders should tender their Securities for purchase pursuant to the Tender Offers.

None of the Dealer Managers, the Information and Tender Agent or any of their respective directors, officers, employees, agents or affiliates assumes any responsibility for the accuracy or completeness of the information concerning GE, the Securities or the Tender Offers contained in this announcement or in the Offer to Purchase. None of the Dealer Managers, the Information and Tender Agent or any of their respective directors, officers, employees, agents or affiliates is acting for any Holder, or will be responsible to any Holder for providing any protections which would be afforded to its clients or for providing advice in relation to the Tender Offers, and accordingly none of the Dealer Managers, the Information and Tender Agent and any of their respective directors, officers, employees, agents or affiliates assumes any responsibility for any failure by GE to disclose information with regard to GE or Securities which is material in the context of the Tender Offers and which is not otherwise publicly available.

General

Neither this announcement, the Offer to Purchase nor the electronic transmission thereof constitutes an offer to buy or the solicitation of an offer to sell Securities (and tenders of Securities for purchase pursuant to a Tender Offer will not be accepted from Holders) in any circumstances in which such offer or solicitation is unlawful. GE is not aware of any jurisdiction where the making of the Tender Offers is not in compliance with the laws of such jurisdiction. If GE becomes aware of any jurisdiction where the making of a Tender Offer would not be in compliance with such laws, GE will make a good faith effort to comply with any such laws or may seek to have such laws declared inapplicable to such Tender Offer. If, after such good faith effort, GE cannot comply with any such applicable laws, such Tender Offer will not be made to the holders of Securities residing in each such jurisdiction.

In any jurisdictions where the securities, blue sky or other laws require the Tender Offers to be made by a licensed broker or dealer and a Dealer Manager or, where the context so requires, any affiliate is such a licensed broker or dealer in any such jurisdiction, the Tender Offers shall be deemed to be made on behalf of GE by such Dealer Manager or such affiliate (as the case may be) in such jurisdiction.

Each Holder participating in a Tender Offer will be deemed to give certain representations in respect of the jurisdictions referred to above and generally as set out in the Offer to Purchase under the heading "The Tender Offers--Procedures for Tendering Securities." If you are unable to make these representations, your tender of Securities for purchase may be rejected. Each of GE, the Dealer Managers and the Information and Tender Agent reserves the right, in their absolute discretion, to investigate, in relation to any tender of Securities for purchase pursuant to a Tender Offer, whether any such representation given by a Holder is correct and, if such investigation is undertaken and as a result GE determines (for any reason) that such representation is not correct, such tender or submission may be rejected.

Forward-Looking Statements

This press release contains a number of forward-looking statements. Words, and variations of words, such as "expect," "anticipate," "intend," "plan," "believe," "seek," "see," "will," "would," "estimate," "forecast," "target," "preliminary," or "range," and similar expressions are intended to identify these forward-looking statements, including but not limited to statements about: the expected timing, size or other terms of each Tender Offer; our ability to complete each Tender Offer; our expected financial performance, including cash flows, revenues, organic growth, margins, earnings and earnings per share; macroeconomic and market conditions; planned and potential business or asset dispositions; our de-leveraging plans, including leverage ratios and targets, the timing and nature of specific actions to reduce indebtedness and our credit ratings and outlooks; GE Capital Global Holdings, LLC ("GE Capital") and our funding and liquidity; our businesses' cost structures and plans to reduce costs; restructuring, goodwill impairment or other financial charges; or tax rates.

For us, particular uncertainties that could cause our actual results to be materially different than those expressed in our forward-looking statements include, but are not limited to: our success in executing and completing, including obtaining regulatory approvals and satisfying other closing conditions for, announced GE industrial and GE Capital business or asset dispositions or other transactions, including the planned sale of our BioPharma business within our Healthcare segment and plans to exit our equity ownership position in Baker Hughes, a GE company ("BHGE"), the timing of closing for those transactions and the expected proceeds and benefits to us; our de-leveraging and capital allocation plans, including with respect to actions to reduce our indebtedness, the timing and amount of GE dividends, organic investments, and other priorities; further downgrades of our current short and long-term credit ratings or ratings outlooks, or changes in rating application or methodology, and the related impact on our liquidity, funding profile, costs and competitive position; our liquidity and the amount and timing of our GE industrial cash flows and earnings, which may be impacted by customer, competitive, contractual and other dynamics and conditions; GE Capital's capital and liquidity needs, including in connection with GE Capital's run-off insurance operations, the amount and timing of required capital contributions and related strategic actions that we may pursue; the impact of conditions in the financial and credit markets on GE Capital's ability to sell financial assets; the availability and cost of funding; and GE Capital's exposure to particular counterparties and markets; the results of our annual GAAP premium deficiency testing for GE Capital's run-off insurance operations, which we expect to be completed in the third quarter of 2019; changes in macroeconomic conditions, particularly interest rates, as well as the value of stocks and other financial assets (including our equity ownership position in BHGE), oil and other commodity prices and exchange rates; market developments or customer actions that may affect levels of demand and the financial performance of the major industries and customers we serve, such as secular and cyclical pressures in our Power business, pricing and other pressures in the renewable energy market, conditions in China and other key markets, early aircraft retirements, and other shifts in the competitive landscape for our products and services; operational execution by our businesses, including our ability to improve the operations and execution of our Power business, execution by our Renewable Energy business, and the continued strength of our Aviation business; changes in law, regulation or policy that may affect our businesses, such as trade policy and tariffs, regulation related to climate change and the effects of U.S. tax reform and other tax law changes; our decisions about investments in new products, services and platforms, and our ability to launch new products in a cost-effective manner; our ability to increase margins through implementation of operational changes, restructuring and other cost reduction measures; the impact of regulation and regulatory, investigative and legal proceedings and legal compliance risks, including the impact of Alstom, SEC and other investigative and legal proceedings; the impact of actual or potential failures or our products or our customers' products, such as the fleet grounding of the Boeing 737 MAX, and related reputational effects; the impact of potential information technology, cybersecurity or data security breaches; the other factors that are described in "Forward-Looking Statements" in BHGE's most recent earnings release or SEC filings; and the other factors that are described in "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2018, as such descriptions may be updated or amended in our Quarterly Reports on Form 10-Q. There may be other factors not presently known to us or which we currently consider to be immaterial that could cause our actual results to differ materially from those projected in any forward-looking statements we make. We disclaim and do not undertake any obligation to update or revise any forward-looking statement in this press release except as required by applicable law or regulation.

About GE

GE (NYSE:GE) drives the world forward by tackling its biggest challenges. By combining world-class engineering with software and analytics, GE helps the world work more efficiently, reliably, and safely. For more than 125 years, GE has invented the future of industry, and today it leads new paradigms in additive manufacturing, materials science, and data analytics. GE people are global, diverse and dedicated, operating with the highest integrity and passion to fulfill GE's mission and deliver for our customers. www.ge.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20190926005817/en/

SOURCE: GE

GE Investor Contact:
Steve Winoker
swinoker@ge.com 
617.443.3400


GE Media Contact:
Mary Kate Mullaney
marykate.nevin@ge.com 
202.304.6514

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