Utilize the input text as a context reference, choose the right relationship between General Electric and conglomerate from the options. Options: product/material produced, manufacturer, distributed by, industry, position held, original broadcaster, owned by, founded by, distribution format, headquarters location, stock exchange, currency, parent organization, chief executive officer, director/manager, owner of, operator, member of, employer, chairperson, platform, subsidiary, legal form, publisher, developer, brand, business division, location of formation, creator.

The logo of U.S. conglomerate General Electric is pictured at the company's site in Belfort, June 23, … (Reuters) - General Electric Co (GE.N) on Friday posted higher-than-expected quarterly profit, as its businesses producing jet engines and power turbines offset declines in its oil and gas segment.

Answer: industry