Company Directory - Nabors Industries Ltd.
CCI Score
CCI Score: Nabors Industries Ltd.
18.41
Latest Event
Collaboration on AI-enabled Drilling Solutions
Nabors Industries and eDrilling have joined forces to integrate AI, digital twin technology, and machine learning into the SmartROS® rig automation platform. The collaboration aims to optimize drilling performance, enhance safety, and reduce operational hazards by enabling real-time, optimal decision-making in drilling operations.
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SABOTEUR
Nabors Industries Ltd. is currently rated as a Saboteur.
Latest Events
DEC172024Nabors Industries and eDrilling have joined forces to integrate AI, digital twin technology, and machine learning into the SmartROS® rig automation platform. The collaboration aims to optimize drilling performance, enhance safety, and reduce operational hazards by enabling real-time, optimal decision-making in drilling operations.
+40
Technology and Services Impact
April 4
The integration of advanced AI and digital twin technology in drilling operations is expected to improve safety and operational efficiency. Enhancing real-time decision-making and hazard prevention supports worker protection and reduces risks in a traditionally hazardous industry. This positive technological collaboration has implications for reducing exploitative practices by improving onsite safety standards.
Nabors, eDrilling Collaborate on AI-enabled Drilling Solutions
- NOV132024
Investigation suggests that Nabors Industries, as a major provider of drilling services in the oil and gas sector, is potentially complicit in supporting authoritarian policies through its involvement in industry-wide lobbying efforts. Notably, oil and gas companies reportedly spent nearly 60 million USD on lobbying Republican lawmakers during the 2024 election cycle, raising concerns about their role in influencing political agendas.
-60
Political Contributions and Lobbying Efforts
March 18
The reported spending of nearly 60 million USD on lobbying Republican lawmakers by oil and gas companies indicates a significant effort to shape political outcomes in favor of policies that may undermine democratic processes. Nabors Industries, as a leading service provider in the oil and gas sector, is implicated by association. Such behavior aligns with a pattern of political contributions that support authoritarian practices, marking a negative influence on public policy.
- APR012024
Nabors Industries released updated Corporate Guidelines on Human Rights in April 2024, reinforcing its commitment to labor rights, safe workplaces, diversity and inclusion, and ethical supply chain practices.
+80
Labor Relations and Human Rights Practices
March 18
The Corporate Guidelines clearly demonstrate Nabors Industries' strong commitment to protecting labor rights and ensuring safe working conditions in line with international human rights standards. This proactive approach in upholding the dignity and rights of its employees and stakeholders represents a positive step against oppressive practices.
+75
Supply Chain Ethics
March 18
The guidelines also stress the importance of ethical supply chain practices by encouraging suppliers and vendors to uphold similar human rights standards. This focus on extending ethical responsibilities beyond the company’s direct operations is a commendable approach to ensuring corporate accountability throughout its value chain.
- APR012024
The 2023 Sustainability Report from Nabors Industries showcases a robust approach to sustainability, emphasizing environmental stewardship, human rights, labor safety, and comprehensive governance practices. The report details strict policies on political engagement that avoid corporate misuse for political gains, extensive human rights and worker safety training, investments in advanced automation and decarbonization technologies, and transparent vendor and supply chain management. These factors collectively underscore a responsible corporate behavior in a challenging oil and gas sector.
- JAN012024
The OpenSecrets profile for Nabors Industries indicates that, although the company has a documented history of lobbying over many years, it has not reported lobbying on specific bills in 2024. This suggests a current lull in active political influence, which may be viewed positively from an anti‑fascist perspective.
+10
Political Contributions and Lobbying Efforts
April 4
The profile shows that Nabors Industries has not reported active lobbying on specific legislation in 2024. While historical data indicates long term lobbying efforts, the lack of recent targeted political lobbying minimizes direct corporate influence on policy-making processes, which is a favorable sign when evaluated against authoritarian tendencies.
- OCT012023
The EEOC filed a lawsuit alleging that Nabors Industries, along with C&J Energy Services, engaged in widespread racial harassment and retaliation against African-American employees, including use of racial slurs and retaliatory terminations after reporting discriminatory practices.
-90
Labor Relations and Human Rights Practices
April 4
The lawsuit filed by the EEOC alleges systemic racial harassment and discriminatory retaliation against African-American employees at Nabors Industries. Such actions represent a severe violation of labor rights and human rights practices, undermining ethical workplace standards.
Nabors Industries and C&J Energy Services Sued By EEOC for Racial Harassment and Retaliation
- FEB092023
Nabors Industries Ltd. is investing in geothermal drilling technology by leveraging its advanced drilling expertise and partnering with geothermal startups. The company is transitioning towards sustainable energy solutions through innovative technology, strategic investments, and public communications emphasizing a reduced environmental footprint.
+50
Public and Political Behavior
April 4
Nabors executives have publicly emphasized sustainability and energy transition strategies, positioning the company as committed to reducing its environmental footprint. This public stance supports progressive, anti-fascist agendas by promoting responsible corporate behavior.
+65
Business Practices and Ethical Responsibility
April 4
By investing in geothermal startups and diversifying its energy portfolio, Nabors demonstrates a commitment to ethical business practices and sustainable innovation, reducing reliance on traditional fossil-fuel practices that have broader harmful societal impacts.
+70
Technology and Services Impact
April 4
Nabors is leveraging its core drilling technology, including automation, robotics, and AI, to expand into geothermal energy. This usage of advanced technological services positively impacts renewable energy development and challenges outdated fossil fuel practices.
+40
Economic and Structural Influence
April 4
Through strategic partnerships with geothermal startups and leveraging its extensive drilling infrastructure and global supply chain, Nabors is creating economic and structural opportunities to scale renewable energy solutions, thereby enhancing community resilience and reducing dependency on authoritarian energy regimes.
- JAN012023
Nabors Industries highlights its commitment to upholding human rights and safe labor practices on its social sustainability page. The detailed guidelines on human rights, safety, and employee development indicate a strong stance in promoting ethical labor practices, building an inclusive environment, and resisting exploitative practices.
+80
Labor Relations and Human Rights Practices
October 10
The article from Nabors Industries’s social sustainability page clearly outlines the company's commitment to labor rights and human rights practices. Their adherence to international human rights standards such as the United Nations Universal Declaration of Human Rights and the ILO Declaration, along with initiatives focused on safety, diversity, and employee development, marks a strong ethical position that opposes oppressive labor practices often associated with authoritarian regimes.
- JUN012021
Nabors Industries announced significant governance changes including improved proxy access for substantial shareholders, separation of the Chair and CEO roles, reduced executive severance payments, and enhanced diversity considerations. However, the company continues to use its controversial vote-counting method that incorporates broker non-votes and abstentions, drawing criticism from shareholder groups such as CalPERS and CalSTRS.
+20
Business Practices and Ethical Responsibility
April 4
The company's adoption of reforms such as granting proxy access for significant shareholders, separating the roles of Chair and CEO, limiting severance payments, and improving diversity considerations represents a positive move towards enhanced corporate accountability and ethical responsibility.
-30
Public and Political Behavior
April 4
Despite several positive governance reforms, Nabors Industries maintained its disputed vote-counting methodology, which includes broker non-votes and abstentions in the calculation. This approach undermines genuine shareholder democracy and continues to attract criticism from activist shareholders and oversight groups.
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Corporate Financials
- Revenue
- 2022
- $1.87B
- Total Assets
- 2022
- $2.60B
- Operating Income
- 2022
- $600.00M
- Total Equity
- 2022
- $2.23B
Industries
- 213111
- Drilling Oil and Gas Wells
- 213112
- Support Activities for Oil and Gas Operations
- 486110
- Pipeline Transportation of Crude Oil