Anthony Petrello is currently arranging some of the biggest deals between oil drilling contractors and large corporations, and he has been responsible for growing profits in the company for shareholders. He guides the technology initiatives and strategic investments of the company’s funds, and he’s received a hefty compensation for his work. At one time he pulled in $68 million that included his base pay plus a large bonus for contract buyout and also stocks and equity in his name. Petrello joined Nabors in 1991 and has been a part of many other organizations.
Prior to entering the oil drilling industry, Petrello had a career in math and law. He attended Yale University as a young man and looked into a career as a mathematician, and even was a protégé of mathematician Serge Lange. He moved from mathematics to law and practiced in corporate affairs as an attorney for Baker & McKenzie. Most of the legal issues he addressed were offshore investments, taxes, mergers and acquisitions and other major transactions. His expertise in financial law was what prompted Nabors Industries to bring him to their executive board.
Anthony Petrello is also on the boards of Stewart & Stevenson, Hillcorp Energy and the Texas Children’s Hospital. He has a young daughter who has cerebral palsy and though no treatment has yet existed for her, Petrello decided to help the research team at Dan & Jan Duncan Neurological Research Institute with research funding. He and his wife Cynthia have become great friends with the Duncans and have started spreading the word to other business owners in the greater Houston area.