Hurricane Harvey was disastrous for several communities but it was especially damaging to those in the Houston area. The damage was so great many financially well off individuals decided to pitch in where they could.
Both Petrello and Nabors agree that giving back and helping those in need is more important than turning a profit. Nabors responded quickly showing that the company does care about keeping up the community.
Nabors employees were among the volunteers who helped with relief efforts. Many even took time off from work to do so. The oil company was so proud of it employees they offered them paid time off to lend a helping hand. Petrello also donated over $170,000 to the Nabors Disaster Relief Fund which helped to fund hands on relief efforts. His donation matched the relief contributions of Nabors employees.
Petrello breaks the stereotype that all oil executives are greedy and uncaring. He is an oil executive whose name has grown synonymous with philanthropic deeds. His dedication to philanthropy can be attributed to his humble beginnings. Born into a working class family Petrello work his way up the economic ladder and still hasn’t forgotten about those who are less fortunate.
A philanthropic cause that Petrello is a huge supporter of is research of neurological disorders. This cause is especially close to his heart considering his daughter suffers from a neurological disorder. He and his wife have donated around $7 million to research of for finding a cure. The funds were received by the Texas Children’s Hospital. He has been so generous the the hospital’s board invited him to serve as a member, which he quickly accepted.
Petrello also donates a lot of money towards education. He recognizes that without education he would have never achieved the things he has and therefore would not be in a position to help others.
Wealthy people like Tony Petrello are a breath of fresh air. Individuals like him possess the ability to change the world for the better.