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Pay vs Performance Disclosure - USD ($)

12 Months Ended

Dec. 31, 2024

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2020

Pay vs Performance Disclosure

Pay vs Performance Disclosure, Table

Pay-Versus-Performance

The following table presents certain information regarding compensation paid to Nabors’ CEO and other NEOs, and certain measures of financial performance, for the five years ended December 31, 2024. The amounts shown below are calculated in accordance with Item 402(v) of Regulation S-K.


	Year			Summary Compensation Table Total for CEO ($)(1)			Compensation Actually Paid to CEO ($)(2)			Average Summary Compensation Table total for Non-CEO Named Executive Officers ($)(3)			Average Compensation Actually Paid to Non-CEO Named Executive Officers ($)(4)			Value of Initial Fixed $100 Investment Based on:						Stated in Thousands
	Year			Summary Compensation Table Total for CEO ($)(1)			Compensation Actually Paid to CEO ($)(2)									Total Shareholder Return of Nabors			Peer Group Total Shareholder Return(5)			Net Income (Loss) $(6)			Adjusted EBITDA $(7)
	2024			12,146,803			11,330,707			2,924,368			2,521,131			40.62			113.33			(176,084)			881,335
	2023			10,334,034			(1,879,135)			2,669,324			(584,182)			58.01			129.48			(11,784)			915,157
	2022			10,789,762			30,117,200			2,588,615			5,325,474			110.05			125.60			(350,261)			709,392
	2021			9,984,321			18,318,728			2,123,611			2,932,914			57.62			75.93			(572,925)			481,940
	2020			17,538,345			4,758,974			2,680,569			1,001,102			41.38			60.66			(820,252)			563,892

(1)	The dollar amounts reported are the amounts of total compensation reported for our CEO, Mr. Petrello, in the Summary Compensation Table for fiscal years 2024, 2023, 2022, 2021 and 2020. Mr. Petrello served as CEO for each of the years presented.

(2)

The dollar amounts reported represent the amount of “compensation actually paid” to our CEO, as computed in accordance with Item 402(v) of Regulation S-K. The dollar amounts do not reflect the actual amounts of compensation paid to our CEO during the applicable year. See the table below for more details.

(3)

The dollar amounts reported are the average amounts of total compensation reported for our NEOs, other than our CEO, in the Summary Compensation Table for fiscal years 2024, 2023, 2022, 2021 and 2020. For each of the years presented, reflects compensation information for Mr. Andrews and Mr. Restrepo, our non-PEO NEOs for those years.

(4)	The dollar amounts reported represent the average amount of “compensation actually paid” to our non-CEO NEOs for the applicable year. For each of the years presented, reflects compensation information for Mr. Andrews and Mr. Restrepo, our non-PEO NEOs for those years.

(5)

Reflects cumulative total shareholder return of the Dow Jones US Oil Equipment & Services Index (“DJUSOESI”), as of December 31, 2024. The DJUSOESI is the peer group used by the Company for purposes of Item 201(e)(1)(ii) of Regulation S-K under the Exchange Act in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024.

(6)	The dollar amounts reported represent the amount of net income reflected in the Company’s audited financial statements for the applicable year.

(7)

Adjusted EBITDA represents net income (loss) before income (loss) from discontinued operations, net of tax, income tax expense (benefit), investment income (loss), interest expense, other, net and depreciation and amortization. For a reconciliation of net income attributable to the Company on a GAAP basis to adjusted EBITDA, see Annex A.

To calculate the amounts in the “Compensation Actually Paid to CEO” column in the table above, the following amounts were deducted from and added to (as applicable) our CEO’s “Total” compensation as reported in the Summary Compensation Table (SCT):


	Year			Summary Compensation Table for CEO ($)			Reported Value of Equity Awards for CEO ($)(1)			Equity Award Adjustments for CEO ($)(2)			Reported Change in the Actuarial Present Value of Pension Benefits for CEO ($)(3)			Pension Benefits Adjustments for CEO $(3)			Compensation Actually Paid to CEO $
	2024			12,146,803			(5,662,538)			4,846,442			0			0			11,330,707
	2023			10,334,034			(5,562,922)			(6,650,247)			0			0			(1,879,135)
	2022			10,789,762			(4,560,545)			23,887,983			0			0			30,117,200
	2021			9,984,321			(4,503,129)			12,837,536			0			0			18,318,728
	2020			17,538,345			(12,909,062)			129,691			0			0			4,758,974

(1)	Represents the grant date fair value of the equity awards to our CEO, as reported in the “Stock Awards” column in the SCT for each applicable year.

(2)	See table below for applicable adjustments. No awards vested in the year they were granted.

(3)	Our CEO only participates in a 401(k) and Nonqualified Executive Deferred Compensation Plan.


	Fair Value of Equity Awards for CEO			2024 $			2023 $			2022 $			2021 $			2020 $
	As of year-end for awards granted during the year			5,921,698			3,389,800			14,669,230			10,201,921			6,575,358
	Year-over-year increase (decrease) of outstanding and unvested awards granted in prior years			(1,182,561)			(9,520,812)			8,175,298			1,976,273			(5,946,996)
	Increase (decrease) from prior fiscal year–end for awards that vested during the year, measured as of the vesting debt			107,305			(592,945)			999,593			611,033			(618,880)
	Dividends Paid on Unvested Shares and Stock Options			0			73,710			43,862			48,309			120,209
	Total Equity Award Adjustments			4,846,442			(6,650,247)			23,887,983			12,837,536			129,691

To calculate the amounts in the “Average Compensation Actually Paid to Non-CEO Named Executive Officers” column in the table above, the following amounts were deducted from and added to (as applicable) the average of the “Total” compensation of our non-CEO NEOs for each applicable year, as reported in the SCT for that year:


	Year			Average Reported Value of Summary Compensation Table for Non-CEO NEOs ($)			Average Reported Value of Equity Awards for Non- CEO NEOs ($)⁽¹⁾			Average Equity Award Adjustments for Non-CEO NEOs ($)⁽²⁾			Average Reported Change in the Actuarial Present Value of Pension Benefits for Non- CEO NEOs ($)⁽²⁾			Average Pension Benefits Adjustments for Non-CEO NEOs $⁽³⁾			Average Compensation Actually Paid to Non- CEO NEOs $
	2024			2,924,368			(1,191,906)			788,669			0			0			2,521,131
	2023			2,669,324			(1,316,172)			(1,937,334)			0			0			(584,182)
	2022			2,588,615			(937,370)			3,674,229			0			0			5,325,474
	2021			2,123,611			(848,078)			1,657,381			0			0			2,932,914
	2020			2,680,569			(1,572,561)			(106,905)			0			0			1,001,102

(1)	Represents the average of the grant date fair value of the equity awards to our named executive officers (other than our CEO), as reported in the “Stock Awards” column in the SCT for each applicable year.

(2)	See table below for applicable adjustments. No awards vested in the year they were granted.

(3)	Our named executive officers (other than our CEO) only participate in a 401(k) and Nonqualified Executive Deferred Compensation Plan.


	Fair Value of Equity Awards for Non-CEO NEOs			2024 $			2023 $			2022 $			2021 $			2020 $
	As of year-end for awards granted during the year			956,406			483,858			2,276,260			1,363,948			770,137
	Year-over-year increase (decrease) of outstanding and unvested awards granted in prior years			(177,998)			(1,239,581)			1,281,721			217,721			(828,255)
	Increase (decrease) from prior fiscal year-end for awards that vested during the year, measured as the vesting date			10,261			(1,188,456)			110,083			67,231			(65,796)
	Dividends Paid on Unvested Shares and Stock Options			0			6,845			6,165			8,481			17,009
	Total Equity Award Adjustments			788,669			(1,937,334)			3,674,229			1,657,381			(106,905)

Company Selected Measure Name

Adjusted EBITDA

Named Executive Officers, Footnote

(1)	The dollar amounts reported are the amounts of total compensation reported for our CEO, Mr. Petrello, in the Summary Compensation Table for fiscal years 2024, 2023, 2022, 2021 and 2020. Mr. Petrello served as CEO for each of the years presented.

(3)

The dollar amounts reported are the average amounts of total compensation reported for our NEOs, other than our CEO, in the Summary Compensation Table for fiscal years 2024, 2023, 2022, 2021 and 2020. For each of the years presented, reflects compensation information for Mr. Andrews and Mr. Restrepo, our non-PEO NEOs for those years.

Peer Group Issuers, Footnote

(5)

Reflects cumulative total shareholder return of the Dow Jones US Oil Equipment & Services Index (“DJUSOESI”), as of December 31, 2024. The DJUSOESI is the peer group used by the Company for purposes of Item 201(e)(1)(ii) of Regulation S-K under the Exchange Act in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024.

PEO Total Compensation Amount

$ 12,146,803

$ 10,334,034

$ 10,789,762

$ 9,984,321

$ 17,538,345

PEO Actually Paid Compensation Amount

$ 11,330,707

(1,879,135)

30,117,200

18,318,728

4,758,974

Adjustment To PEO Compensation, Footnote

To calculate the amounts in the “Compensation Actually Paid to CEO” column in the table above, the following amounts were deducted from and added to (as applicable) our CEO’s “Total” compensation as reported in the Summary Compensation Table (SCT):


	Year			Summary Compensation Table for CEO ($)			Reported Value of Equity Awards for CEO ($)(1)			Equity Award Adjustments for CEO ($)(2)			Reported Change in the Actuarial Present Value of Pension Benefits for CEO ($)(3)			Pension Benefits Adjustments for CEO $(3)			Compensation Actually Paid to CEO $
	2024			12,146,803			(5,662,538)			4,846,442			0			0			11,330,707
	2023			10,334,034			(5,562,922)			(6,650,247)			0			0			(1,879,135)
	2022			10,789,762			(4,560,545)			23,887,983			0			0			30,117,200
	2021			9,984,321			(4,503,129)			12,837,536			0			0			18,318,728
	2020			17,538,345			(12,909,062)			129,691			0			0			4,758,974

(1)	Represents the grant date fair value of the equity awards to our CEO, as reported in the “Stock Awards” column in the SCT for each applicable year.

(2)	See table below for applicable adjustments. No awards vested in the year they were granted.

(3)	Our CEO only participates in a 401(k) and Nonqualified Executive Deferred Compensation Plan.


	Fair Value of Equity Awards for CEO			2024 $			2023 $			2022 $			2021 $			2020 $
	As of year-end for awards granted during the year			5,921,698			3,389,800			14,669,230			10,201,921			6,575,358
	Year-over-year increase (decrease) of outstanding and unvested awards granted in prior years			(1,182,561)			(9,520,812)			8,175,298			1,976,273			(5,946,996)
	Increase (decrease) from prior fiscal year–end for awards that vested during the year, measured as of the vesting debt			107,305			(592,945)			999,593			611,033			(618,880)
	Dividends Paid on Unvested Shares and Stock Options			0			73,710			43,862			48,309			120,209
	Total Equity Award Adjustments			4,846,442			(6,650,247)			23,887,983			12,837,536			129,691

Non-PEO NEO Average Total Compensation Amount

$ 2,924,368

2,669,324

2,588,615

2,123,611

2,680,569

Non-PEO NEO Average Compensation Actually Paid Amount

$ 2,521,131

(584,182)

5,325,474

2,932,914

1,001,102

Adjustment to Non-PEO NEO Compensation Footnote

To calculate the amounts in the “Average Compensation Actually Paid to Non-CEO Named Executive Officers” column in the table above, the following amounts were deducted from and added to (as applicable) the average of the “Total” compensation of our non-CEO NEOs for each applicable year, as reported in the SCT for that year:


	Year			Average Reported Value of Summary Compensation Table for Non-CEO NEOs ($)			Average Reported Value of Equity Awards for Non- CEO NEOs ($)⁽¹⁾			Average Equity Award Adjustments for Non-CEO NEOs ($)⁽²⁾			Average Reported Change in the Actuarial Present Value of Pension Benefits for Non- CEO NEOs ($)⁽²⁾			Average Pension Benefits Adjustments for Non-CEO NEOs $⁽³⁾			Average Compensation Actually Paid to Non- CEO NEOs $
	2024			2,924,368			(1,191,906)			788,669			0			0			2,521,131
	2023			2,669,324			(1,316,172)			(1,937,334)			0			0			(584,182)
	2022			2,588,615			(937,370)			3,674,229			0			0			5,325,474
	2021			2,123,611			(848,078)			1,657,381			0			0			2,932,914
	2020			2,680,569			(1,572,561)			(106,905)			0			0			1,001,102

(1)	Represents the average of the grant date fair value of the equity awards to our named executive officers (other than our CEO), as reported in the “Stock Awards” column in the SCT for each applicable year.

(2)	See table below for applicable adjustments. No awards vested in the year they were granted.

(3)	Our named executive officers (other than our CEO) only participate in a 401(k) and Nonqualified Executive Deferred Compensation Plan.


	Fair Value of Equity Awards for Non-CEO NEOs			2024 $			2023 $			2022 $			2021 $			2020 $
	As of year-end for awards granted during the year			956,406			483,858			2,276,260			1,363,948			770,137
	Year-over-year increase (decrease) of outstanding and unvested awards granted in prior years			(177,998)			(1,239,581)			1,281,721			217,721			(828,255)
	Increase (decrease) from prior fiscal year-end for awards that vested during the year, measured as the vesting date			10,261			(1,188,456)			110,083			67,231			(65,796)
	Dividends Paid on Unvested Shares and Stock Options			0			6,845			6,165			8,481			17,009
	Total Equity Award Adjustments			788,669			(1,937,334)			3,674,229			1,657,381			(106,905)

Compensation Actually Paid vs. Total Shareholder Return

Compensation Actually Paid vs. Nabors TSR

Compensation Actually Paid vs. Net Income

Compensation Actually Paid vs. Net Income (Loss)

Compensation Actually Paid vs. Company Selected Measure

Compensation Actually Paid vs. Adjusted EBITDA

Total Shareholder Return Vs Peer Group

Nabors TSR vs. DJ US Oil Equipment & Services Index

Tabular List, Table

Pay-for-Performance Alignment

The following table identifies the four most important financial performance measures used by our Compensation Committee to link the “compensation actually paid” (CAP) to our CEO and other NEOs in 2024, calculated in accordance with Item 402(v) of Regulation S-K, to company performance. The role of each of these performance measures on our NEOs’ compensation is discussed in the CD&A above.


	Financial Performance Measures
	Adjusted EBITDA
	Adjusted Free Cash Flow
	Total Shareholder Return
	Net Debt Reduction

Total Shareholder Return Amount

$ 40.62

58.01

110.05

57.62

41.38

Peer Group Total Shareholder Return Amount

113.33

129.48

125.6

75.93

60.66

Net Income (Loss)

$ (176,084,000)

$ (11,784,000)

$ (350,261,000)

$ (572,925,000)

$ (820,252,000)

Company Selected Measure Amount

881,335,000

915,157,000

709,392,000

481,940,000

563,892,000

Mr. Petrello

Mr. Petrello

Mr. Petrello

Mr. Petrello

Mr. Petrello

Additional 402(v) Disclosure

The charts on the following page reflect that the CAP over the five-year period ended December 31, 2024 aligns to trends in Nabors’ TSR, net income and adjusted EBITDA results over the same period.

In addition, the chart titled “Nabors TSR vs DJ US Oil Equipment & Services Index” reflects that Nabors’ TSR over this five-year period generally aligns to DJUSOEI TSR over the same period.

In 2020, the significant reduction in CAP for our CEO and other NEOs was primarily impacted by the stock price depreciation. In 2021, CAP for our CEO and other NEOs was primarily impacted by Nabors’ share price appreciation of 39.25%. For 2022, CAP for our CEO and other Non-CEO NEOs was primarily impacted by Nabors’ share price appreciation of 91.0%. For 2023, CAP for our CEO and other Non-CEO NEOs was primarily impacted by Nabors’ share price depreciation of 47.29%. For 2024 the CAP for our CEO and other Non-CEO NEOs was partially impacted by Nabors’ share price depreciation of 29.96%.

Equity Awards Adjustments, Footnote

(2)	See table below for applicable adjustments. No awards vested in the year they were granted.

(3)	Our CEO only participates in a 401(k) and Nonqualified Executive Deferred Compensation Plan.


	Fair Value of Equity Awards for CEO			2024 $			2023 $			2022 $			2021 $			2020 $
	As of year-end for awards granted during the year			5,921,698			3,389,800			14,669,230			10,201,921			6,575,358
	Year-over-year increase (decrease) of outstanding and unvested awards granted in prior years			(1,182,561)			(9,520,812)			8,175,298			1,976,273			(5,946,996)
	Increase (decrease) from prior fiscal year–end for awards that vested during the year, measured as of the vesting debt			107,305			(592,945)			999,593			611,033			(618,880)
	Dividends Paid on Unvested Shares and Stock Options			0			73,710			43,862			48,309			120,209
	Total Equity Award Adjustments			4,846,442			(6,650,247)			23,887,983			12,837,536			129,691

(2)	See table below for applicable adjustments. No awards vested in the year they were granted.

(3)	Our named executive officers (other than our CEO) only participate in a 401(k) and Nonqualified Executive Deferred Compensation Plan.


	Fair Value of Equity Awards for Non-CEO NEOs			2024 $			2023 $			2022 $			2021 $			2020 $
	As of year-end for awards granted during the year			956,406			483,858			2,276,260			1,363,948			770,137
	Year-over-year increase (decrease) of outstanding and unvested awards granted in prior years			(177,998)			(1,239,581)			1,281,721			217,721			(828,255)
	Increase (decrease) from prior fiscal year-end for awards that vested during the year, measured as the vesting date			10,261			(1,188,456)			110,083			67,231			(65,796)
	Dividends Paid on Unvested Shares and Stock Options			0			6,845			6,165			8,481			17,009
	Total Equity Award Adjustments			788,669			(1,937,334)			3,674,229			1,657,381			(106,905)

Pay vs Performance Disclosure

Adjusted EBITDA

Pay vs Performance Disclosure

Adjusted Free Cash Flow

Pay vs Performance Disclosure

Total Shareholder Return

Pay vs Performance Disclosure

Net Debt Reduction

Pay vs Performance Disclosure

Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested and Granted in Period

0

PEO [Member] | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

$ 0

$ 0

$ 0

$ 0

$ 0

PEO [Member] | Aggregate Pension Adjustments Service Cost

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

0

0

0

0

0

PEO [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(5,662,538)

(5,562,922)

(4,560,545)

(4,503,129)

(12,909,062)

PEO [Member] | Equity Awards Adjustments, Excluding Value Reported in Compensation Table

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

4,846,442

(6,650,247)

23,887,983

12,837,536

129,691

PEO [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

5,921,698

3,389,800

14,669,230

10,201,921

6,575,358

PEO [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(1,182,561)

(9,520,812)

8,175,298

1,976,273

(5,946,996)

PEO [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

107,305

(592,945)

999,593

611,033

(618,880)

PEO [Member] | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

$ 0

73,710

43,862

48,309

120,209

Non-PEO NEO [Member]

Pay vs Performance Disclosure

Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested and Granted in Period

0

Non-PEO NEO [Member] | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

$ 0

0

0

0

0

Non-PEO NEO [Member] | Aggregate Pension Adjustments Service Cost

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

0

0

0

0

0

Non-PEO NEO [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(1,191,906)

(1,316,172)

(937,370)

(848,078)

(1,572,561)

Non-PEO NEO [Member] | Equity Awards Adjustments, Excluding Value Reported in Compensation Table

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

788,669

(1,937,334)

3,674,229

1,657,381

(106,905)

Non-PEO NEO [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

956,406

483,858

2,276,260

1,363,948

770,137

Non-PEO NEO [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(177,998)

(1,239,581)

1,281,721

217,721

(828,255)

Non-PEO NEO [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

10,261

(1,188,456)

110,083

67,231

(65,796)

Non-PEO NEO [Member] | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

$ 0

$ 6,845

$ 6,165

$ 8,481

$ 17,009