Tony Petrello, the CEO of the Nabors Industries, gave an example of how companies who care about their community rather than profit, especially in the face of natural disasters. When Houston, TX, along with the surrounding areas, got struck by the Hurricane Harvey (2017), the community faced devastating consequences. The destruction of homes was severe, and the town’s streets remained flooded, with essential supplies barely enough to respond to the needs of the affected residents. Looking past their interest and profits, many business owners stepped out to aid the community during the challenging times.
Nabors Industries, alongside Houston’s prominent businesses like H-E-B and Houston Food Bank, rushed to the aid the community in need. To aid with the relief of the catastrophe caused by Hurricane Harvey, the company employees participated in the events, community fundraisers and community projects. The company efforts joined their efforts to help with the hurricane relief where there was a need for the additional workforce, while the CEO offered paid working hours for them to do so.The Nabors Industries workers moved across the Gulf Coast to aid where needed, while the company CEO donated the amount of $173622 to match the total amount of the donations his employees made.
The fund the company CEO and the employees made was named the Nabors Disaster Relief Fund, used to finance the necessities of the relief efforts. The company also stationed on-site kitchen which served volumes of meals three times every day, to aid local families. As the record shows, the 10% of the organization’s employees were affected by the disaster. Besides helping the local community, Nabors Industries made contributions to other national funds, such as Susan G. Komen Foundation, as well as the Bike MS. Besides the donations made to hurricane relief, the Nabors Charitable Foundation contributed more than $3 million in the form of educational scholarships to the children to the employees and their staff.
Anthony Petrello is the CEO of the Nabors Industries Ltd., a Bermuda-based grass drilling contractor. Nabors Industries provides natural and biothermal gas across the U.S., Africa, Middle East and the Far East. Nabors Industries originated as Anglo Energy in 1968 and developed to its current size mainly thanks to the Petrello’s engagement. The company engages in philanthropic activities aside from their industry, participating in the community charity programs and funding educational programs and scholarships.
Anthony Petrello @ linkedin.com