Tony Petrello Aims High in Business and Philanthropy

Texas is still feeling the effects of Hurricane Harvey. The surrounding areas of Houston, including the city, suffered a hard hit by the 2017 Hurricane. The result was millions of dollars in property damage. Streets and homes were completely flooded. Food and medical supplies were also in short supply since the damage happened so quickly and was so widespread. The amazing things is that several prominent businesses rose to the occasion to help. Nabors Industries was one of those companies.

Tony Petrello is the CEO of Nabors Industries. The local drilling company is one of the world’s largest onshore drilling companies. Company employees have a history of pitching in to help with charities and community functions. It just happens to be an integral part of the company’s culture, and it all starts at the top with Petrello. Many of the company’s employees took off from work and pitched in on relief efforts. The company gave them paid time off for their efforts, and volunteers dispatched to several key locations along the Golf Coast. The company’s 1200 workers have also responded to local, past crises.

Petrello gave big to the relief cause. He decided to match the contribution of his employees and called his fund the Nabors Disaster Relief Fund. The company also erected an on-site kitchen that served up a large volume of daily hot meals. Local families benefited tremendously. Company employees also suffered their own personal losses. At least 10 percent of the company’s workforce suffered losses from the hurricane.

Tony Petrello is the perfect example of a dedicated business person turned philanthropist. The Houston community is very familiar with his brand. He takes giving back seriously and gives back as often as possible. Of course, large-scale giving is a result of being in a financial position to lend a hand. Tony Petrello and his wife have made philanthropy a part of their lives. Petrello is the type of individual one would expect to continue a life of giving. His success and pedigree places him in a position to make an impact for decades to come.

For details: www.wsj.com/articles/SB10001424127887324392804578358772612205556

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