Tony Petrello Tops $27 Million In Total Compensation And Partners With Dan And Jan Duncan Institute

Tony Petrello is a Houston-based businessman who leads one of the nation’s largest oil drilling contractor companies, Nabors Industries.

Petrello has been with the company since 1991 and was promoted to Chairman and CEO in 2011 after the renowned Eugene Iseberg passed away. Petrello has been working hard to keep the company ahead of competitors in patents for drilling rigs and equipment and in developing software and automated systems. Petrello is known to be worth over $27 million with his base pay coming in at $1.58 million, and then bonuses and stocks totaling $24.58 million and then other compensation coming in at $1.34 million.

Petrello is a graduate of Yale University where he studied advanced mathematics under the tutelage of Serge Lang, one of the world’s best mathematicians at the time. But after graduating from Yale he decided to get a J.D. instead of pursuing a math career, and after completing Harvard law school he was hired by Baker & McKenzie law firm in New York. He became a partner at this firm and practiced in the areas of corporate tax and business laws. After 13 years in law he left to join Nabors Industries.

Petrello’s primary goal right now is to fund cures for cerebral palsy and other brain disorders. That’s because his daughter Carena is a victim of this disease and Anthony and his wife Cynthia have spent a lot of time trying to find treatments for her. They did find friends in Jan and Dan Duncan who helped start the Dan and Jan Duncan Neurological Research Institute and have met with families who have gone through hardships with children affected by disorders. The Petrellos donated $7 million recently in to help the institute.

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