能源行业分析
TODAY’S DISCUSSION
Capital markets: ruthless driver of innovationCreative destruction in the Energy IndustryWhat can Houston do to lead innovation in Energy?
LONG-TERM SURVIVAL IS DIFFICULT, AND GETTING MORE SO
Note: Number of exits averaged over twenty year period Source: McKinsey analysis
1935
1955
1975
1995
2005E
The S&P 500 is a brutal, unemotional yardstick of performanceThe pace of change is accelerating
Implied lifetime in S&P 500 based on company exits in years


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