Most people don’t view oil industry executive in a good light. They are perceived to be greedy and unconcerned with the welfare of others. What most people don’t know is that many executives in the industry actually engage in philanthropy, including Tony Petrello. As the chief executive officer of Nabors Industries, Tony Petrello has been engaged in philanthropical efforts for a number of years. This became especially true after his daughter was born prematurely with severe health problems.
Tony Petrello and his wife, Cynthia, have offered their support to those in the medical community who are researching childhood diseases. They have already donated $5 million to these efforts and have pledged another $2 million in the future. Additionally, he serves Texas Children’s Hospital in a leadership position on their board of trustees.
Tony and Cynthia’s daughter, Carena, was born six months into the pregnancy. This early birth caused periventricular leukomalacia which happens when not enough oxygen reaches the baby’s brain. This eventually developed into cerebral palsy which manifests as diminished motor skills and other developmental delays.
Both Tony and Cynthia turned to their faith to help deal with the situation regarding Carena. Cynthia has said that they both developed a routine of praying on their knees and asking for a cure for their daughter and other children in similar circumstances.
Tony Petrello holds a degree in mathematics that he earned at Yale University. People were expecting him to continue his education in math but instead he elected to turn his attention to the law and graduated from Harvard Law School. He worked as a lawyer for several years in New York City before moving to Houston and entering the oil industry. It was in 1991 that he joined Nabors Industry as their president. Under his leadership, Nabors Industries is now recognized as the largest drilling contractor in the world.
For people who are interested in contributing to cerebral palsy research, Tony Petrello recommends that they donate to the Jan and Dan Duncan Neurological Research Institute. This program is located at Texas Children’s Hospital and is one of the few of its kind in the world.