Tony Petrello is a prominent business leader in the oil and gas industry. He heads Nabors Industries as the company’s Chief Executive Officer, President, and Chairman. He first joined the company in 1991 as the Chief Operating Officer after having worked as a lawyer for several years. His leadership has led Nabors Industries into becoming one of the largest drilling contractors in the world.
Nabors Industries has land drilling operations throughout the Americas The also have drilling operations in Africa, Asia, and the Middle East. In addition to oil and gas they also drill for geothermal resources. They also provide support for off-shore drillers. This includes providing drilling platform rigs as well as a marine fleet that provides a variety of services. Nabors Industries also supplies software that is used for rig reporting, data collection, drill pipe handling, and other uses.
Tony Petrello has ranked several times among the highest paid Chief Executive Officers in the nation. He was number one on that list in 2013 when he was paid $68.2 million. Since that time the company has made a number of organizational changes in order to return more money to shareholders, especially as the oil industry has been dealing with a much lower price per barrel over the last year and a half. Still, he is still highly compensated for his leadership at the company and presently earns around $20-25 million a year.
Tony and his wife, Cynthia, gave $5 million recently to the Jan and Dan Duncan Neurological Institute which is headquartered at the Texas Children’s Hospital. He also serves on the nonprofit’s Board of Trustees. They support research into birth defects that affect the lives of people throughout their childhood and adult lives.Tony and Cynthia have a daughter named Carena. She was born with a neurological disease called periventricular leukomalacia which led to cerebral palsy. This disease has slowed her development in things like learning to walk, talk, and eat. Her passion for life and purity have led the couple to their dedication to finding treatments for cerebral palsy and other neurological disorders.