Nabors Industries leads the way in the world’s oil drilling and harvesting and the end of 2017 going into 2018 was no exception. Company chairman Tony Petrello announced the release of the company’s financial statements which noted Nabors Industries had brought in $2.6 billion in revenue for 2017, a number that was up even higher than the previous year. Losses were also down in 2017 and the company has seen its common and preferred stocks trading at a steady pace. Petrello is especially excited about what the new holdings with the merging of Tesco Corporation will do to overall production. He believes profits will also start going up with the joint venture Nabors is moving into with SANAD at Saudi Aramco.
Tony Petrello has spent over 20 years building partnerships and putting forth technology development proposals as chairman and Chief Executive Officer of Nabors Industries. Few have led a major company as effectively as he has, and he’s directed a substantial investment in automated oil rigs and horizontal wells and built the company into the largest rig fleet owner. But even before he became one of the world’s highest-paid executives at Nabors, he amazed people with his problem solving acumen.
Mathematics was Tony Petrello’s first love. He performed exceptional in the subject in school and enrolled in the advanced program at Yale University. He even studied under the famous Serge Lange while he was there, and he finished both his undergraduate and master’s degrees with high honors. Petrello decided to take his problem solving ability to the field of law, and after finishing law school he entered practice in the corporate field at Baker & McKenzie in New York. Petrello helped Wall Street and big corporate clients with tax issues, mergers and acquisitions, governing policies and labor-related litigations. The great job he did at the firm led to his being offered the position as Chief Operating Officer of Nabors Industries.
There’s a lot of other small facts about Tony Petrello that aren’t always brought up. He’s married to former soap opera actress Cynthia Carrafa and has a daughter who has cerebral palsy. Having someone in his family who has CP has led to him doing philanthropy work with foundations who fight for cures for brain disorders and chronic illnesses, and he’s given $7 million of his money to help these foundations. Petrello also hosted a reception party for Broadway actor Tommy Tune not long ago.
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