Ever since the first oil reserve was discovered during the 19th century in Pennsylvania, the oil industry has been driving economic and technological developments across the globe. Oil is responsible for powering the transportation industry which delivers goods and resources that allows retailers across a wide variety of sectors including fashion, produce and journalism to distribute goods so that consumers are able to purchase them. One of the hotspots of the American oil industry is in the state of Texas which is famous for being home to a number of reserves of oil. The oil company Nabors Industries operates out of the state of Texas and is one of the leading companies in the American oil industry. As the practice of fracking has grown the services of Nabors Industries have increasingly been in demand.
Nabors Industries specializes in offering contracting services in the areas of gas and geothermal drilling. The company also provides services that are concerned with the servicing of onshore oil wells and providing oil rigs to other entities that participate in the extraction of oil. Nabors Industries is led by a man who is named Anthony Petrello. Anthony Petrello currently serves as both the President and Chief Executive Officer of Nabors Industries. Under Anthony Petrello’s watch Nabors Industries has overseen the administration of more than 500 oil rigs in more than two dozen nations around the world. Nabors Industries has operations that are active in nearly every region of the world including the African continent, North America,. South America, East Asia and the Middle East. Anthony Petrello is known for being one of the most well compensated executives in corporate America. According to the business publication Market Watch Anthony Petrello rose to the top position on a list of the 50 American Chief Executive Officers with the highest salaries in 2013. In 2013 Anthony Petrello was paid more than $68 million in his role as Nabors Industries Chief Executive Officer and President.
Though Anthony Petrello has risen to the top of one of the leading companies in the oil industry he did not always work in the oil industry. Petrello actually transitioned to the oil industry nearly 30 years ago. Before he began his tenure at the oil company Nabors Industries Anthony Petrello actually worked at a law firm that is known as Baker and McKenzie. As a lawyer at Baker and McKenzie Petrello spent his time advising businesses on taxation issues. According to the website GazetteDay.com Anthony Petrello attended Yale University where he studied mathematics. During his time at Yale Anthony Petrello worked with a well-known mathematician on mathematical theory. After graduating from Yale University Anthony Petrello would go on to study law at Harvard University.
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