Tony Petrello, CEO of oil and gas drilling company Nabors Industries, is a kind, caring individual and a generous philanthropist. He has given millions of dollars to a variety of charitable causes.
When Yale professor Serge Lang, under whose tutelage and mentorship Petrello had earned his BS and MS in mathematics, died, Tony Petrello gave the school $150,000 to set up a scholarship to memorialize him. Petrello also offered another $150,000 in matching funds for contributions others make towards the fund to honor Professor Lang.
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When Carena, the daughter Tony Petrello’s wife Cynthia bore him, was born prematurely and was found to have periventricular leukomalacia, New Jersey native Tony Petrello decided to give Texas Children’s Hospital $7 million in support of their efforts to build a facility to study and treat children suffering with neurological problems. In addition to his donation, Tony Petrello and his wife spearheaded the effort to raise the over $200 million needed to create what is known as the Jan and Dan Duncan Neurological Research Institute. Thanks to the efforts of Tony Petrello, Texas Children’s Hospital has the first childhood neurological disorders research center in the world.
When Hurricane Harvey devastated the Houston area in August 2017, Tony Petrello again showed his love and concern for people facing difficult circumstances. First, he gave large cash donations to a number of the organizations that were in the front line of trying to help victims of the hurricane to survive and get the medical, housing and other types of support they needed. Tony Petrello then matched the about $175,000 in donations employees of Nabors industries gave to hurricane relief efforts. Plus, with the support of CEO Tony Petrello, Nabors Industries created the Nabors Disaster Relief Fund to funnel money to assist people involved in the hands-on work of helping the victims of Hurricane Harvey.
Nabors Industries also used their on-site kitchen to provide the 10% of their workers and the many other people impacted by the hurricane with 3 hot meals daily. This played an important role in helping people survive the devastation the hurricane had rained down on Houston, Texas and the surrounding areas. The assistance Tony Petrello provided to help people in the community survive Hurricane Harvey and begin to rebuild their communities is further evidence of his passion for helping others. He has a decades long track record of providing help to people in need.
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