Houston resident Anthony Petrello is President and Chief Executive Officer of Nabors Industries, the leading provider of oil rigs for land and ocean-based drilling operations. Established in 1968 under the original name Anglo Energy Ltd, Nabors has been a leader in driving the standard for the industry’s practice. Much of its success is attributed to the acquisition of resource-rich land in Alaska and later out-sourcing their operations to twenty-five countries around the world. Demand for energy shifts from year to year, with Nabors effectively being able to weather the storm and boast a current revenue gain of over two and half billion dollars for calendar year 2017.
Anthony Petrello grew up in Newark, New Jersey and would later attend Yale University on a scholarship. It was here that he would study mathematics and obtain a Bachelors and Master’s degree in the field. He would go on to study law at Harvard University, having graduated from the institution in 1979. His career began with the law firm Baker and McKenzie. It was here that one of the firm’s clients, Nabors Industries, became familiar with Petrello and offered him a job opportunity with the company. Petrello accepted the position and rose within the ranks to become Chief Operating Officer, Deputy Chairman, and eventually the Chief Executive Officer. Revenue growth has exceled during Petrello’s appointment and has afforded him an annual compensation package of over fifteen million dollars.
In addition to the many charitable endeavors that Anthony Petrello is involved with, he also created an endowment at his alma mater Yale University. The one-hundred and fifty-thousand-dollar prize is awarded to an individual who shows exceptional results in the area of mathematics. Petrello created this fund to recognize a professor at the university who passed away in 2016. He also contributed a fifty-million-dollar donation to the Texas Children’s Hospital. Petrello’s daughter Carena suffers from cerebral palsy and the Petrello family desperately wanted to understand more about the disease. This effort led to the founding of the Neurological Research Institute within the hospital to better understand and research the deficiencies of the brain.
Broadway performer and Houston native Tommy Tune returned to his home state for a performance at the Miller Outdoor Theatre in front of thousands of fans. Learning of Tune’s arrival, Anthony Petrello and wife Cynthia threw a welcome home party for the star, along with fifty of their closest associates. The event took place at the Petrello’s lavish estate, where patrons were able to peruse the grounds and mingle with one another into the evening hours. The event hosted live entertainment, along with catering services from Houston-based catering service City Kitchen.