New jersey born and bred Tony Petrello has given millions in donations to help the less fortunate, support philanthropic organizations and provide aid to charitable causes. But Petrello has done more than simply write a check.
The CEO of the oil and gas drilling giant Nabors Industries often gives large amounts of time and willingly shares his prodigious talents as well. Tony Petrello is just the opposite of what people imagine when they think of a wealthy top executive of a leading global company. His years of service to the poor and needy proves he genuinely is a thoughtful, caring person.
One example of Tony Petrello’s caring nature is how he responded when his daughter Carena was diagnosed with the neurological condition periventricular leukomalacia at birth. Rather than shut down and focus on the struggle his daughter faced, Petrello opened his heart and his wallet and began working with Texas Children’s Hospital to build a neurological research and treatment facility to help children all over the world with neurological problems. Tony Petrello began by donating $7 million of his own money, then worked tirelessly to raise the hundreds of millions more the hospital needed to build, equip, staff and run the world-class facility.
When Hurricane Harvey slammed Houston, Texas and the surrounding areas in 2017, Tony Petrello and Nabors Industries immediately sprung into action. Petrello gave $175,000 to organizations involved in the disaster relief efforts. The company also used its cafeteria to cook and serve thousands hot meals several times a day for people who had lost their homes and workers involved in the clean-up effort. Members of the Nabors Industries staff impacted by the storm were given paid leave so they could ensure their loved ones were safe. Petrello then personally matched the almost $200,000 in donations the workers raised for disaster relief.
Tony Petrello earned his BS and MS degrees in mathematics at Yale while on scholarship. When one of the school’s famed math professors, Serge Lang, died, Tony Petrello wanted to do something to honor the beloved professor and mentor. So he donated $150,000 to fund a scholarship in Professor Lang’s name. Not satisfied, Petrello put up another $150,000 in matching funds to ensure gifted math majors would be able to attend Yale University in memory of Professor Serge Lang. Tony Petrello knew that helping math majors is a gesture of which the math professor would approve.