Anthony Petrello is a philanthropist, president, and CEO of Nabors Industries Limited, the largest company involved in oil exploration in the United States. Anthony Petrello has served as CEO since 2011 and has acted as the company’s president for over two decades. Petrello majored in mathematics at Yale University. He is also an alumnus of Harvard law school.
Anthony Petrello’s responsibilities at Nabors Industries
Nabors Industries is an oil & gas, drilling, and exploration Company, which was established in 1968. The Company is based in Houston, Texas. Petrello began working at Nabors Industries in 1991 as a chief operating officer. In 1992, he was appointed the president of the company. In 2003, he was promoted to deputy chairman of the board of directors, a position he held for nine years. Since he joined the company, Petrello has strived to expand the company globally. In 1992, he facilitated an increase in the company’s revenue to US$40 million. The same year, Nabors Industries featured in the S&P MidCap 400 Index stock market.
In the 1993-1994 financial years, Petrello helped the company stabilize following a serious economic regression. Under the guidance of Petrello, Nabors’ stock has continued to rise in stock exchange market. In 2007, he facilitated the company’s sale of Sea Mar Fleet, a vessel management agency. This transaction earned the company over US$180 million.
Anthony Petrello’s previous work experience and philanthropic acts
Prior to working at Nabors Industries Limited, Petrello worked at Baker & McKenzie. Petrello was the managing partner of Baker & McKenzie from 1986 to 1991. In 2011, Petrello was the head of Stewart & Stevenson, LLC a company that deals in manufacturing of specialized equipment. Additionally, he also served as a director of MediaOnDemand.com, a creative market and design agency that deals in web design, and promotions.
Anthony Petrello is involved in a variety of philanthropic activities. He has been serving as director of the Texas Children’s pediatric hospital for several years. This hospital is a non-profit organization that pioneers in treating children with conditions such as cancer, diabetes, and heart-related conditions. He donates generously towards organizations whose goal is to eradicate diseases.