Nabor’s Industries LTD Chairman and CEO Tony Petrello, is the type of leader that brings a standard of excellence to the company which provides excitement and a broad vision. Tony was appointed as the company’s CEO in 1992 and became Chairman in 2012.Nabor’s Industries LTD has gained leverage over the competition and become the leading provider for off-shore drilling. The company has created some of the most-innovative and ground-breaking technologies that companies now depend upon through the oil and gas industry. Nabors Industries LTD is now the largest oil and gas drilling exploration Company in the world.
Through Tony’s leadership, Nabors Industries LTD has executed a pioneering vision for the company to be the global driller of primary selection. Tony’s plan for the company has a wide scope which can position it towards achieving results far into the next decade. His leadership provided several opportunities to capitalize on key milestones towards his vision for the company.
The most impressive milestone achieved in 2016 was Nabor’s Industries LTD being able to reach 100 percent utilization with industry leading SmartRigs. Using a highly technical capacity, SmartRigs are now providing the company advanced features for superior productivity. Nabor’s Industries LTD has revolutionized the industry with the use of SmartRigs. The company has been able to target drilling primarily at lower market levels which has allowed more efficient and consistent results. Nabor’s Industries LTD has leveraged the Rigtelligent operating system which allows for more automation and streamlining operations for their customers.
Tony continues to emphasize the plan for the company to generate growing levels of revenue and radically advance capital returns for stockholders. Tony’s leadership has accomplished the company reaching key statistics for market capitalization with $2.51 billion and trading shares at $8.11 million. The volume of shares currently held by investors has reached $285 million. During the last fiscal year, the company earned an astounding $2.23 billion. Tony’s total compensation package as CEO was $27.5 million; netting $1.5 million salary; $7.7 million in bonus; $16.8 million in stock and $1.3 million in auxiliary compensation.Tony’s leadership has pivoted Nabor’s Industries LTD in a direction that will continue to bring forth a competitive environment and allow the company to lead the industry as a model for success.