Category Archives: Research

Here’s Why Tony Petrello Donates Millions Every Year

Since 2006 Tony Petrello has donated millions of dollars to various research organizations. And from the looks of it, he won’t be slowing down on his giving anytime soon.

What Has Inspired Tony To Be Such A Big Giver?

When Tony’s daughter Carena was born she weighed in at only 20 ounces. She was premature and would eventually be diagnosed with periventricular leukomalacia, a disease caused by an insufficient amount of blood flow to the brain. As a result, Carena developed cerebral palsy and has experienced developmental delays since birth. Even with all these obstacles the Petrello family refuses to give up. Everyday Tony has the pleasure of watching his daughter eat breakfast. Something she couldn’t do just a year ago. And now, at the age of eight, Carena is working on mastering walking and talking.

Tony Saw A Big Opportunity To Give Back

When Tony Petrello and his wife realized what a difficult journey they would facing, they made it their mission to find the best pediatric research institution they could find. They didn’t care where it was located or how much it would cost. All that mattered was their daughter Carena was able to get the best possible care in the world. Though Tony and his wife looked into facilities all over the world, it turned out the facility that could help them the most was their neighborhood Texas Children’s Hospital. They are now on a mission to ensure any child who has been diagnosed with periventricular leukomalacia will have the opportunity to grow up and pursue dreams just like the rest of us.

Who Is Tony Petrello?

Since 2011 Tony Petrello has been the CEO of Nabors Industries, the largest drilling contractor in the entire world. After graduating from Yale University with a Bachelor of Science degree in Mathematics, Tony started working at the Baker & McKenzie law firm. He joined the firm in 1979 and worked his way up to Managing Partner by 1986. In 1991 he resigned from that position and started working at Nabors Industries as an elected member of the Board of Directors.

12 years later, in 2003, Petrello was promoted to Deputy Chairman. He served in that position until 2011 when he was promoted to Chief Executive Officer. And last but not least, since 2012, Tony Petrello has been the Chairman of the Board and Chairman of the Executive Committee of the Board.

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How Anthony Petrello is Contributing to the Success of Nabors Industries

Anthony Petrello is among the highest paid and compensated CEOs in the U.S. He is an executive officer and board chair of an oil and gas company known as Nabors Industries. Petrello’s success can be attributed to his several years of hardwork and ambition.

Education and work experience

As an alumnus of Yale University student, Petrello scored good grades in mathematics. He was enrolled in the university’s bachelor’s and master’s degree in mathematics programs. His college professors advised him to pursue a career that is related to mathematics, but his dream was to venture into law. Anthony Petrello decided to enroll in Harvard Law and later earned a Juris Doctorate in law.

Petrello debuted his law career at Baker & McKenzie working as an associate. At the firm, he specialized in general corporate law, international arbitration and taxation. He managed to help Baker & McKenzie close deals and was promoted to managing partner. He resigned from the lucrative job and decided to accept a top-notch opportunity at Nabors Industries. He was officially elected as the firm’s COO and president back in 1991.

Besides Nabors Industries, Petrello has other executive duties that he carries out. For instance, he is an executive director of two companies known as Hilcorp Energy Company and Stewart & Stevenson LLC. As a board member of the trustees’ board of the famed Texas Children’s Hospital, Petrello usually advocates for kids ailing from neurological disorders. Hos advocacy is aimed at improving the facility’s research and clinical programs.

CEO role at Nabors Industries

Since 2012, Nabors Industries has been benefiting from Petrello’s CEO and board chair roles. His role at the reputable company entails providing strategic planning advice with a goal of enabling the firm to be productive in the competitive oil and gas industry.

Nabors Industries established a name for itself in the energy industry due to its commitment to excellence. The firm is also known for its sustainable exploration and exploitation operations on oil fields. It is safe to say that Nabors Industries managed to rank highly in the energy thanks to the efforts of Anthony Petrello and members of its professional team.

As an executive officer of a publicly-traded company, NYSE: NBR, helping a business venture maintain its top position is Petrello’s ultimate goal. Nabors is classified as a venture with one of the world’s largest offshore drilling rig fleet. Nabors also serves companies and individuals with directional drilling services, innovative solutions and performance tools.

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