How Tony Petrello Became The Top Executive At Nabors Industries

Tony Petrello is a chief executive officer in the oil industry. Even though he leads one of the biggest companies in the industry, Nabors Industries, most people don’t know who he is. The reason for this is that he’s pretty low-key and doesn’t parade around on talk shows or give public speeches. He was actually once one of the most highly paid Chief Executive Officers in America for a period of time, such as in 2014 when he was compensated $68.2 million.

Success on this level for Tony Petrello didn’t seem likely when he was younger. He grew up in a low-income home in New Jersey. His parents couldn’t afford college so he dedicated himself to being extremely skilled at math so that he could get a full college scholarship through academic excellence. His plan paid off when Yale University accepted him as a student with a full scholarship. At Yale he graduated with both a bachelor’s and master’s in mathematics. While most assumed he would go on to become a logician or physicist he instead decided to pursue a law degree. He then attended Harvard Law School and afterward found a position at a New York law firm called Baker & McKenzie.

While working as a managing partner at this law firm, Tony Petrello handled a legal case for Nabors Industries. This company enticed him into moving from New York to Houston where he would become one of the top executives. Over time he was promoted and is now the president and CEO of the company as well as the chairman. He oversees a company that employs thousands of people and has around 1050 oil and natural gas rigs around the United States.

Rising from humble beginnings, Tony Petrello has shown that having strong work ethics and treating people fairly are the key to success. Over the course of his professional career he has shown strong loyalty to the members who make up his team at Nabors Industries as well as to his family. He makes the argument, though, that a huge part of his success is really due to luck more than anything else. He has said that while he has worked hard he has also found himself to be in the right place at the right time a number of times which definitely led to his overall success.

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