Nabors Industries is well-known for its charitable contributions to the Texas community. The company is always giving back in various ways to help the community by using its resources and its employees. During the 2012, Susan G. Koman Race for the Cure, Nabor’s Industries was a Silver sponsor to raise the awareness of breast cancer.
After the Hurricane Harvey devastation, the employees stepped up to help along with their CEO Tony Petrello. Hurricane Harvey’s force came into the Gulf with such power that it leveled homes and displaced many families leaving them without any essential care items and necessities. The need within the recovery efforts was in high demand.
The 1,200 employees pulled together to raise small donations. CEO Tony Petrello became aware of their desire to help the community and accepted the challenge of matching each of their donations. With a matching donation, the employees were able to raise over $170,000 for helping those who were in need.
This type of contribution is not unprecedented for Tony. While in college, Tony established a bond with his Yale University mentor Professor Serge Lang, a renowned and respected mathematician. When Professor Lang passed away, Tony arraigned a $150,000 endowment fund honoring his mentor and subsequently matched an additional $150,000 that the alumni contributed.
Over the years, Tony has provided contributions to Aids research, homeless shelters, creative arts and supported education programs through scholarships. He founded the Petrello Family Foundation which provided $3 million in scholarships to the Houston youth aspiring them to attend higher education. Nabors Industries also has a mentor program in partnership with the Aldine Independent School District. As CEO, Tony is promoting passion for the next generation of leaders through education activities and programs.
Tony, and his wife Cynthia, were gifted with their daughter Carena who was born prematurely and with cerebral palsy. Carena is now eight years old. After the diagnosis, they found there wasn’t much access to neurological research in Texas. Their $7 million donation to Texas Children’s Hospital paved the way for the Jan and Dan Research Institute to be built. The research and testing facility is aiding in the advancement of developing treatment for neurological diseases.
As the highest compensated CEO in 2015, Tony’s contributions to the community are among his greatest achievements. Tony earned $27 million in 2015 which has been a great resource for being able to give back in ways that are at the core of his mission to serve the community.