Anthony Petrello: How the Drilling Industry Made Him Successful

Anthony Petrello is known as the current president, chief executive officer and chairman of the board and executive committee of Nabors Industries, Ltd., a drilling corporation based in Bermuda which is regarded as world’s largest drilling contractor for geothermal and natural gas. He is also considered as one of the top-paid chief executives in America, being paid $68.2 million in 2014. The company has experienced tremendous growth under the leadership of Anthony Petrello, and they have always been passionate when it comes to hitting their production target and developing their company technologies. Nabors Industries Ltd. is currently operating in North America, Far East Asia, the Middle East, and Africa, drilling tons of resources that are vital to different industries.

Anthony Petrello grew up in an Italian neighborhood in New Jersey, and because of his perseverance and hard work, he managed to finish high school and passed the examination at one of the top universities in the United States. Anthony Petrello graduated from Yale University as a scholar, where he earned his Bachelor of Science Degree and Master of Science degree in Mathematics. He decided to continue his studies and earned his Juris Doctor degree at the Harvard University. After graduating, Anthony Petrello decided to work in different companies, until he found about Nabors Industries, Ltd. He worked for the company for 30 years, and combined with his will to get to the top, he slowly climbed the corporate ladder, until he became the chief executive officer. As the CEO of Nabors Industries, Ltd., he is making sure that the operation of the company produces the resources that they need, and he is also making sure that everyone working for the company is treated right.

Anthony Petrello is one of the few CEOs in the United States who takes care of their employees’ rights. He requested in his contract that 80% of his salary would be based on the income of the company, so if ever the profits made by Nabors Industries, Ltd. would go down, his salary would also go down. Because of leadership of Anthony Petrello, the company was also able to give 100,000 people high paying jobs, through the rigs owned by Nabors Industries, Ltd. which spans all over the US.

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