How Tony Petrello Ended Up Leading Nabor Industries

Tony Petrello took a unique path to the top of the oil and natural gas industry. He is now one of the most highly paid executives in the world and achieved many goals. As someone growing up in Newark, New Jersey, he began life far removed from drilling for oil. Due to his love and ability to do math it was exceedingly likely his life would have taken a very different path than the one he eventually found himself on.

Growing up with amazing abilities to do math, Tony Petrello seemed destined to one day be a mathematician. It was his skill at this that earned him a scholarship to attend Yale University. He earned both his bachelor’s and master’s degrees at this honored institution, studying under the eye of Serge Lang who himself was a brilliant mathematician as well as a professor and author.

Tony Petrello’s friends and professors expected him to continue on his educational path of being a top mathematician. Instead, he surprised everyone when he decided to instead go to Harvard Law School. After earning his law degree he found a job at Baker & McKenzie, one of the most prestigious law firms in the United States. He was soon to make Partner at this firm.

One day Tony Petrello acquired a new client to help in a matter of the law, Nabors Industries. He found out that they were the biggest driller of oil and natural gas on the face of the planet. His work for them was so impressive they decided they needed him to be one of their top executives. Their effort to hire him paid off and soon he was leaving the Northeast for a place he had never been before, Houston, Texas.

Tony Petrello now occupies the top three positions at Nabor Industries; CEO, President, and Chairman of the Board. In 2016 his total compensation hit $15,202,689. This was due to his success managing the company and much of it came as stock awards. As of 2016 he led Nabor Industries to earn a revenue of $2.228 billion and a net income of $1.029 billion.

Tony Petrello has used a significant piece of his money to support the Jan and Dan Duncan Neurological Research Institute. This organization is located at Texas Children’s Hospital and in support of their mission to help children with neurological diseases he and his wife donated $7 million dollars.

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