When it comes to both domestic and foreign oil drilling, Nabors Industries based in Houston, TX is invested in the technology to speed the process up greatly. Leading this endeavor is CEO and Chairman Anthony Petrello. Petrello has been running the company since 2011 when he took over for Eugene Isenberg, and his job includes creating strategies and options for technology initiatives. His compensation has been well documented at $1.5 million on base pay, and a lot of money invested in equity and stocks that valued his total compensation at $27 million in 2015.
Anthony Petrello doesn’t have a lot written on his background growing up, but one of his Yale University roommates Lloyd Grove who contributes to the Daily Beast mentioned how he loved arithmetic growing up. Petrello was so gifted at solving problems that he was beloved by his world-renowned mathematics professor Serge Lange. Mr. Petrello received high honors at Yale completing both a bachelor’s and master’s degree in the field, but instead of becoming a mathematician he became a lawyer for Baker & McKenzie law firm for 13 years. He was hired by Nabors Industries for his expertise in corporate law.
In addition to his job at Nabors, Petrello is also a philanthropist whose main goal is to raise awareness for neurological research. His daughter Carena has battled periventricular leukomalacia (PVL) since she was born, and this has driven petrello to support the Dan and Jan Duncan Neurological Research Institute at the Texas Children’s Hospital. While no cures for PVL exist at this time, Petrello is hopeful that his $7 million gift will start a major fundraising commitment in the Houston business community.