A Look At Oil Executive Anthony Petrello’s Career
Anthony Petrello is the President, Chief Executive Officer, and Chairman of the Board at Nabors Industries Ltd. Nabors is the operator of the largest on-land drilling fleet in the world with sites in the United States, the Middle East, Asia, Canada, and other regions. Anthony Petrello, who also goes by Tony, oversees the company from its headquarters in Houston, Texas.
Petrello earned both his bachelor’s and master’s degrees from Yale University, both in Mathematics. He also has a J.D. degree which he earned at Harvard Law School. He practiced law at the law firm of Baker & McKenzie for 22 years. While acting as a lawyer Petrello specialized in taxation, corporate law, and international arbitration. For the final 5 years that he was with Baker & McKenzie he was the Managing Partner of their New York City office.
Petrello first came to Nabor Industries in 1991 when he was named the company’s President and Chief Operating Officer. He became Deputy Chairman in 22003 and then Chief Executive Officer in 2011. He was named Chairman of Executive Committee of the Board and Chairman of the Board in 2012. According to Bloomberg Anthony Petrello was paid $27,663,602 as of 2015.
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A few years ago one of Petrello’s college roommates, Lloyd Grove wrote an article on The Daily Beast about his remembrances of him. This came about because Grove was reading an article about the United States highest-paid CEO’s and recognized one of the names as his old roommate. As he recalls Petrello was a skinny kid from a working-class background and very much an extrovert. Grove also recalls that Petrello was exceptionally gifted in math and would write proofs of theorems on napkins all the time.
Petrello ended up during his time at school as a protege of Professor Serge Lang who taught at the school and was a world-renowned mathematician. Grove recently reached out to contract Petrello but his phone call was unsuccessful as Petrello was out of the office. Shortly after he received an email from Petrello, part of which said that success comes down to being lucky or being smart, and he had been very lucky.