NABORS INDUSTRIES Business Summary

Nabors Industries Ltd. (NBR) is a global leader in the energy services sector, primarily generating revenue through contract drilling services for land-based and offshore oil and natural gas wells. The company operates through four strategic segments: U.S. Drilling, International Drilling, Drilling Solutions, and Rig Technologies. Its business model integrates high-specification rig operations with proprietary automated software and equipment manufacturing, allowing it to capture value across the entire drilling lifecycle. As of early 2026, Nabors maintains one of the world's largest land-based drilling fleets, bolstered by its SANAD joint venture with Saudi Aramco and the 2025 acquisition of Parker Wellbore. In the competitive landscape, Nabors contends directly with Helmerich & Payne, Patterson-UTI Energy, Valaris, and Precision Drilling, positioning itself as a technology-first driller that leverages advanced automation, such as its PACE-X rig platform, to achieve superior operational margins relative to conventional contractors. The company was founded in 1952 by Clair Nabors and has since evolved through several leadership eras, most notably the aggressive expansion period under former CEO Gene Isenberg. Today, Nabors is led by Chairman, President, and CEO Anthony G. Petrello, a Harvard Law and Yale Mathematics alumnus who joined the firm in 1991 and has served as CEO since 2011. The executive team includes Chief Financial Officer Miguel Rodriguez, who succeeded long-time CFO William Restrepo in late 2025 following a 25-year tenure at SLB, and Siggi Meissner, the President of Global Drilling and Engineering who oversees the company’s technological roadmap. The Board of Directors features prominent industry figures such as Lead Director John Yearwood and James Crane, Chairman of Crane Capital Group. Nabors is heavily backed by institutional investors, with firms like Invesco and Tudor Investment Corp maintaining significant stakes as of March 2026.