Anthony Petrello: Finding Success In Drilling Petroleum

Nabors Industries, Ltd. is a drilling and exploration company based in the island of Bermuda, and they are renowned worldwide for their ability to precisely locate precious energy stored below the earth’s surface. The company is also known as the largest geothermal and natural gas drilling contractor in the world.

Nabors Industries, Ltd. is presently headed by Anthony Petrello, serving as the president, chairman and CEO. Anthony Petrello joined the company more than 30 years ago, and since he joined the company, his salary exponentially grew. He was paid $68.2 million by Nabors Industries, Ltd. in 2014, giving him the distinction as one of the top-paid corporate executives in the United States. The leadership of Anthony Petrello brought a lot of changes into the company, including the annual growth in their revenue and the further development of the equipment they use in exploration and drilling. Nabors Industries, Ltd. is passionate about hitting their targets and beating their previous records, and they have been consistently leaving their competitors behind. Anthony Petrello also led the expansion of the company’s operations, and they are presently involved in either drilling or exploration activities in Africa, Asia, and North America.

Read more: Tony Petrello: One of the Highest Paid CEO in the Nation

Growing up in an Italian neighborhood in the state of New Jersey, Anthony Petrello promised himself that he will become successful someday. He is a consistent achiever during his high school days, and after graduating, he took an entrance examination to one of the top schools in the United States. He passed the Yale University examination and he was given a scholarship because of his exceptional knowledge. Anthony Petrello studied hard and persevered to graduate on time, and his hard work paid off when he finally received his Bachelor of Science degree and Master of Science degree in Mathematics. He enrolled himself at Harvard University after finishing his studies at Yale University, because he knew that education is one of the secrets to success.

He worked at several corporations after finishing his studies, but when he found out about Nabors Industries, Ltd., he did not hesitate to apply. Luckily, he was hired by the company. Anthony Petrello showed the management that they have chosen the right person for the job, and he kept on being promoted until he reached the executive circle. After he was appointed to become the company’s CEO, he immediately revised some rules and regulations, and the company became more employee-centric. He wanted to show the employees at Nabors Industries, Ltd. that he cares for them, and he is very serious about promoting the rights of the employees working for the company.

Anthony Petrello is one of the few individuals in the United States whose salary depends on the company’s income. He had a contract with Nabors Industries, Ltd. which states that 80% of the salary that he will be receiving should be based only on the company’s income.

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