Chairman, President and Chief Executive Officer Anthony Petrello of Nabors Industries offers insight into the energy market and how recent trends will affect the company. Since Nabors Industries is a drilling contractor providing land-based and offshore drilling rigs for gas and oil extraction, including specialty rigs, in 20 countries worldwide, any change in oil prices will affect the company’s customer’s spending, and Nabor’s revenue. Petrello analyzes key customer’s projected operations nationally and internationally and factors in supply to determine the strategies Nabors will employ in the upcoming year.
CEO since since October 28, 2011 and a member of the Nabor’s Board of Directors since 1991, Petrello, who holds a J.D. degree from Harvard Law School, previously worked as an attorney specializing in corporate law. A clever, astute executive, Petrello also has an M.S. degree in Mathematics from Yale University.
Chairman of the Board and Chairman of the Executive Committee of the Board Anthony Petrello is also expected to uphold Nabors Industries’ values, which are going the extra mile to exceed their customer’s expectations, even in the toughest drilling environments. In addition, Nabors values accountability, and although Petrello is not directly responsible for meeting deadlines, the drilling contractor’s failures would reflect on his leadership skills.
As a member of the Board of Directors, Petrello is accountable for adhering to the governance policies, including compliance with the of the Organization for Economic Co-Operation and Development’s Principles of Corporate Governance and Nabors’ own code of conduct, which includes obeying the competition laws in all countries that the contractor does business in.
Originally from the East Coast, Petrello moved to Houston to work at Nabors Industries, a move that enabled him to become one of the country’s highest-paid CEOs. A long way from his childhood in Newark, New Jersey, Petrello’s high intelligence resulted in a scholarship, acceptance into law school, a job at a prestigious Manhattan law firm and finally, a position as the head of one of the world’s largest oil and gas drilling contractors.