Tony Petrello is best known as the CEO of Nabors Industries, one of the most successful oil services and drilling supply companies in the United States. Over the course of his 30-year career with Nabors Industries, Tony Petrello has led the company out of bankruptcy and on to become the single most important directional drilling and hydraulic fracturing equipment provider in North America and a major player in oil extraction throughout the globe.
But many people do not know that Petrello is also heavily involved in children’s causes, particularly around his native Houston of Texas. After Petrello’s daughter was born with a rare form of cerebral palsy, which often times only gets worse with increasing age, Petrello and his wife pledged their first $7 million to Texas Children’s Hospital, one of the leading children’s hospitals in the United States today. He also provided the seed money for the Dan Duncan Neurological Research Institute, a subsidiary of Texas Children’s Hospital, which specializes in the study and treatment of early childhood diseases.
Those who know Petrello describe him as being a selfless and magnanimous person, with a heart almost as big as his smile. This image sometimes conflicts with his corporate persona. Many people rightfully consider him to be one of the most qualified CEOs in the country today, having racked up an incredible track record of driving the stock of his company, Nabors Industries, up hundreds of times. He has a reputation for extreme efficiency and being an incredibly quick thinker and decisive actor.
But through their massive philanthropic donations, the Petrello family has proven, beyond any doubt, that they are one of the most generous and giving families in the Houston area. Without the millions of dollars that the Petrello’s have given to various children’s causes in the Houston area, the city would not be the center of medical innovation that it is today.