Anthony Petrello, the CEO of Nabors Industries, strongly believes in giving back to the community. That’s why, after Hurricane Harvey caused horrific damage to the city of Houston, Petrello and Nabors Industries were one of the first local companies to take action.
Helping the local community is a crucial part of the culture at Nabors, and employees frequently participate in fundraisers and community service projects. But after Hurricane Harvey hit, Nabors Industries offered paid leave for employees to take time off and help victims of the hurricane throughout the Gulf Coast. The company also started the Nabors Disaster Relief Fund, and after employees raised over $170,000 to benefit hurricane victims, Tony Petrello matched the donations. Nabors also made use of its onsite kitchens to cook hot meals for displaced families, which were distributed three times each day.
But Harvey relief isn’t the only charitable cause that Petrello has contributed to. Mr. Petrello is strongly invested in improving education, and he has contributed to various educational charities, including his company’s Nabors Charitable Foundation, which has given over 3 million dollars to provide education for Nabors employees and their children. and Tony and his wife Cynthia also donated $7 million to the Texas Children’s Hospital, which led to the hospital inviting Tony to serve as a member of their board.
Anthony Petrello received his collegiate education at Yale University before also graduating from Harvard Law School. Since 2012, he has served as the Chairman and Chief Executive Officer of Nabors Industries, a drilling contractor for oil, natural gas and geothermal energy. They are the largest land drilling company in the world, with rigs in more than 25 different countries. In 2017, Nabors, under the direction of Mr. Petrello, acquired the Tesco Oil Corporation, and this past year also saw them begin a joint venture with Saudi Aramco, which is known as SANAD Drilling.
Tony Petrello has been with Nabors since 1991, serving as the Chief Operating Officer, President and Deputy Chairman before being appointed CEO in 2011 and the Chairman of the Board in 2012. In addition to his work at Nabors, Petrello is also the director of Stewart and Stevenson, LLC and Hilcorp Energy Company. He is a member of the Texas Children’s Hospital’s Board of Trustees, and while serving in this position he has advocated strongly for increased research to help children suffering from neurological disorders.
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