How Tony Petrello Rose To The Top Of The Oil Industry

Tony Petrello is the CEO, President, and Chairman of the board of Nabors Industries, Ltd. He first joined Nabors Industries in 1991; prior to this, he was an attorney at the New York City law firm Baker & McKenzie. While he was an attorney he specialized in taxation, corporate law, and international arbitration.

Nabors Industries, operationally based in Houston, Texas, is a contractor that drills for natural gas, oil, and geothermal. It is one of the largest drillers in the world with operations around the globe. It also supplies drilling equipment and technology to other drilling companies that have offshore drilling rigs.

In 2015, Tony Petrello earned about $27.7 million. He has an old college roommate that is a writer for The Daily Beast who is named Lloyd Grove. Lloyd wasn’t aware of the huge success Tony had in his career until he was reading the highest-paid CEO’s annual ranking that the Associated Press puts out. He happened to recognize his old friend, Tony, on that list in 2014 when Anthony Petrello had made $68.2 million the prior year. Lloyd admits to feelings of jealousy, depression, and other emotions upon this discovery.

After a few days, Lloyd Grove decided to get in touch with Tony. He called Tony’s office but his secretary said he was out. A few minutes later, Lloyd received an email from Tony Petrello. In the message, Tony said that when it comes down to being lucky or smart it’s better to be lucky. He said it was luck that had gotten him to where he is today.