Nabors Industries Limited began as Anglo Energy in 1968. It is the largest geothermal and natural gas contractor in the world. Nabors Industries has its operations in Africa, United States, and the Middle East. Anthony Petrello has played a significant part in the development and operations of the company. He is the CEO and Chairman of the Board, Nabors Industries Limited.
Anthony Petrello graduated with a J.D. degree from Harvard University. He also graduated with BS and MS degrees in Mathematics from Yale University. He joined the Baker & McKenzie law firm in 1979 where he began his career. He later joined the Nabors Industries in 1991 as the Chief Operating Officer. He has been advancing in the company ever since. In the company, he had earned himself a position where he was able to earn a salary, bonuses and other types of compensations.
Anthony Petrello’s salary is dependent on the company’s revenue now. He was given 60 million dollars in order to forfeit the bonuses he got annually. If the revenue of the company increases, his salary increases and vice versa. He is a strong believer in earning what you work for and appreciates the hard work put in by his colleagues and the sacrifices of his family. He is still among the best-paid CEOs in America.
Nabors Industries Limited is based in Hamilton in Bermuda. It was formed by Eugene M. Isenberg and has over 29 marine vessels for operations that are offshore. The Company also offers onshore oil drilling services and is equipped with sufficient manpower to run its operations. With its presence in over 25 countries, it has over 500 rigs and it is claimed that it has the largest land-based drilling rigs fleet in the world.
Anthony Petrello is also a philanthropist among his many designations. He donated 7 million dollars to the Texas Children’s Hospital to assist with their neurological research. This was after the birth of their daughter Carena who was born prematurely and had developed cerebral palsy. For Tony and his wife, the situation was a real challenge as they were used to fixing things themselves.
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