Tony Petrello’s Story of Rising to the Top of Nabors Industries

Mr. Tony Petrello is one of the top executives in the United States, having been employed by Nabors Industries since 1991. Although not the top-paid executive any longer, he earned a whopping $68.2 million in 2014 thanks to his exceptional leadership and decision-making skills.

Petrello was born in Newark, New Jersey, to a working-class family. Although his family didn’t have enough money to enlist him in private school or afford tutors, Tony’s mathematic skills were off the charts. Friends, family members, and teachers quickly recognized his academic ability. His parents have even said that Tony read academic textbooks prior to entering kindergarten, unlike virtually every other child that age.

Exceeding in mathematics, Tony Petrello wanted to work as a mathematician throughout his time in grade school and at Yale University. Tony Petrello excelled in doctorate-level calculus and linear algebra, far beyond the academic scope of virtually everyone his age. After high school, he lived in a dormitory with shared rooms, unlike most other executives who’ve likely been fed from proverbial silver spoons.

Tony Petrello went to Yale University, offered a full scholarship due to his advanced mathematical abilities. Following both a bachelor’s and master’s in mathematics in only four years, Petrello changed his mind about his career. He enrolled in Harvard’s School of Law, where Mr. Petrello earned his Juris Doctorate.

He began working for Baker & McKenzie, a law firm focusing on international law. Mr. Petrello was named Managing Partner in 1986. From that date onwards, Tony Petrello dealt with several clients, one of which was Nabors Industries. Executives at the energy company asked Petrello to join their ranks for several years, although he wasn’t responsive to the requests at first. Finally, in 1991, Mr. Petrello moved to Houston, Texas, where he initially served as Nabors’ Chief Operating Officer and President. He’s currently the Chairman of the Board, President, Chief Executive Officer, and Chairman of the Executive Committee.

Nabors Industries has more land-based oil drilling rigs than any other entity in the world. While not a leader in offshore drilling, Nabors is undoubtedly a staunch competitor in ocean-based oil drilling. The organization is listed on the S&P 500, a stock index of the largest, best-performing entities in the world. Nabors also provides consulting services to those in the oil, gas, and energy industries, drills for independent parties, and has a number of software performance tools for others to benefit from.

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