Nabors Industries is a huge company. Nabors is a major provider of offshore drilling rigs in the United States and in countries around the world. The company owns and operates the largest drilling rig fleet in the world on LinkedIn, and Nabors also provides performance tools, drilling services, and innovative technology to the oil and gas industry. The 29,000 Nabors workforce is known for setting new operational standards, and they are constantly transforming the oil and gas industry. Sitting at the top of this giant oil and gas enterprise is one man. His name is Anthony Petrello.
Anthony Petrello came to Nabors Industries in a unique way. Tony was a math major at Yale. He earned two math degrees at Yale before entering Harvard Law School. Anthony Petrello earned his law degree, and he when to work for the Baker and McKenzie Law Firm after graduation. The Newark native knew how to function in the law profession. He was eventually named a managing partner of the firm. In 1991, Nabors Industries came calling, and the company offered Tony an opportunity he couldn’t refuse. That was the year that Tony’s life changed once again.
Change was something Tony was used to. When he was growing up in Northern New Jersey, he was a math prodigy on fuelfix.com. He was solving complicated math problems while other boys were playing football and basketball. Professor Serge Lang, a world-renowned mathematician, thought Tony would follow in his footsteps and make a career out of his math talent. Even his college roommate, Lloyd Grove, though Petrello would become one of the world’s leading mathematicians after graduating from Yale. Years later, Grove was surprised to discover his old college buddy was in a rare company in the oil and gas industry on Bloomberg.com. Tony got Grove’s attention in 2015 when the writer saw Tony’s name at the top of the highly paid executive list. Tony’s earned more than $68 million that year.
But Anthony Petrello is more than a top oil executive. He is dedicated to finding the cause of periventricular leukomalacia (PVL). PVL is a common disease that develops in premature babies. Tony’s daughter, Carena, was born at 24 weeks, and she only weighed 20 ounces. Petrello and his wife Cynthia, the former soap opera star, have given Texas Children’s Hospital, and the Dan Duncan Neurological Research more than $5 million to continue their research on the cause of this debilitating illness.
Carena developed cerebral palsy and other developmental issues. Petrello is the director of the Texas Children’s Hospital board, and he is also a director of Stewart & Stevenson Executive Committee.
As CEO, Chairman of the Board, President, and Chairman of Executive Committee of Nabors Industries, Petrello is constantly asked to speak to industry groups about the future of the oil and gas drilling around the world. Nabors was founded in 1963 by Clair Nabors. Nabors revenue topped $17 billion in 2015. The future looks bright for Nabors Industries, in spite of the push to reduce fossil fuel use in the U.S. and other countries. See: http://www1.salary.com/Anthony-G-Petrello-Salary-Bonus-Stock-Options-for-NABORS-INDUSTRIES-LTD.html