Anthony Petrello, One of The Highest Paid Oil & Gas Bosses

Anthony Petrello is the top boss of Nabors Industries Ltd. which is the largest oil & gas drilling company in the world. Nabors Industries Ltd. is currently operating in different regions of the world including USA, Middle East, Africa and the Far East. The 61-year-old Petrello holds various positions at the company including Chairman of the Board, Chairman of the Executive Committee, Chief Executive Officer, and President. Anthony Petrello is credited with developing Nabors Industries Ltd. into an oil & gas giant that began its journey in 1968 as Anglo Energy, Ltd.

Anthony Petrello is a highly qualified man who is a graduate of two top class universities of United States. He went to Yale University for B.S. and M.S. in Mathematics. Later, he went to Harvard Law School and got a J.D. degree. After completing his education, Anthony’s professional career began. In 1979, he joined Baker & McKenzie which was highly reputed law firm. In 1986, Petrello was promoted to Managing Partner of the New York office and served in this position until 1991. The same year, he was hired as Chief Operating Officer by Nabors Industries Ltd. By next year, he was the president of Nabors Industries Ltd. From 2003 to 2012, Petrello served as Deputy Chairman of the company on Wikipedia. He was promoted to Chief Executive Officer in 2011 and Chairman of the Board in 2012. He has also worked for MediaOnDemand.com.

Anthony Petrello didn’t top the list of best-paid bosses in 2014 due to changes made by the company in their compensation practices. The changes were designed to turn some money back to shareholders. However, the total compensation of Anthony Petrello for FY 2015 is $27,512,939. His salary was $1,580,077, bonuses were $7,727,000, stocks were $16,863,656 and other types of compensation were $1,342,206.

Anthony Petrello’s family life is very different from his professional career on Bloomberg. His sole child, a daughter named Carena, was born early at 24 weeks weighing only 20 ounces. She developed Periventricular Leukomalacia (PVL) due to lack of oxygen and blood flow to the brain. Unfortunately, the disease turned into Cerebral Palsy, and Carena has issues of developmental delay. Petrello and his wife Cynthia committed themselves to find a cure for this disease. As a result, they donated $5 million to Texas Children’s Hospital Jan and Dan Duncan Neurological Institute. The couple also leads the fundraising for this institute.

In The Daily Beast, an article was published about Anthony Petrello, and the author was Lloyd Grove—Anthony’s college roommate. Grove was highly curious when the name is topping the list for highest paid people looked familiar. He decided to check the website of Nabors Industries Ltd. and it was the person he knew as Tony—Anthony’s college nickname. He shared details about Anthony Petrello during their college life. He said Tony used to be a skinny Italian-American kid with a thick accent. He said that Petrello had an extrovert personality, and his favorite food was pizza. According to him, Petrello was extremely good at mathematics which made him Prof. Serge’s favorite student. See: http://people.equilar.com/bio/anthony-petrello-nbr/salary/503049#.WFgTQSMrJNQ

1 thought on “Anthony Petrello, One of The Highest Paid Oil & Gas Bosses”

  1. Anthony Petrello is also serving as Director of Steward & Stevenson, LLC, and Director of Texas Children’s Hospital. It is based in Hamilton, Bermuda with operational headquarter in Houston, Texas. It could get as much as what the best writing services has been able to do for others who do not understand the real deal.

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