Pay vs Performance Disclosure - USD ($)

12 Months Ended

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 four years ended December 31, 2023. 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
					Total Shareholder Return of Nabors	Peer Group Total Shareholder Return(5)	Net Income (Loss) $(6)	Adjusted EBITDA $(7)
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 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 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, 2023. 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, 2023.

(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 $
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.

Fair Value of Equity Awards for  CEO	2023 $	2022 $	2021 $	2020 $
As of year-end for awards granted during the year	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	(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	(592,945)	999,593	611,033	(618,880)
Dividends Paid on Unvested Shares and Stock Options	73,710	43,862	48,309	120,209
Total Equity Award Adjustments	(6,650,247)	23,887,983	12,837,536	129,691

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

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 $
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.

Fair Value of Equity Awards for  Non-CEO NEOs	2023 $	2022 $	2021 $	2020 $
As of year-end for awards granted during the year	483,858	2,276,260	1,363,948	770,137
Year-over-year increase (decrease) of outstanding and unvested awards granted in prior years	(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 of the vesting date	(1,188,456)	110,083	67,231	(65,796)
Dividends Paid on Unvested Shares and Stock Options	6,845	6,165	8,481	17,009
Total Equity Award Adjustments	(1,937,334)	3,674,229	1,657,381	(106,905)

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

Company Selected Measure Name

Adjusted EBITDA

Named Executive Officers, Footnote

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 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

Reflects cumulative total shareholder return of the Dow Jones US Oil Equipment & Services Index (“DJUSOESI”), as of December 31, 2023. 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, 2023.

PEO Total Compensation Amount

$ 10,334,034

$ 10,789,762

$ 9,984,321

$ 17,538,345

PEO Actually Paid Compensation Amount

$ (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 $
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.

Fair Value of Equity Awards for  CEO	2023 $	2022 $	2021 $	2020 $
As of year-end for awards granted during the year	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	(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	(592,945)	999,593	611,033	(618,880)
Dividends Paid on Unvested Shares and Stock Options	73,710	43,862	48,309	120,209
Total Equity Award Adjustments	(6,650,247)	23,887,983	12,837,536	129,691

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

Non-PEO NEO Average Total Compensation Amount

$ 2,669,324

2,588,615

2,123,611

2,680,569

Non-PEO NEO Average Compensation Actually Paid Amount

$ (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 $
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.

Fair Value of Equity Awards for  Non-CEO NEOs	2023 $	2022 $	2021 $	2020 $
As of year-end for awards granted during the year	483,858	2,276,260	1,363,948	770,137
Year-over-year increase (decrease) of outstanding and unvested awards granted in prior years	(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 of the vesting date	(1,188,456)	110,083	67,231	(65,796)
Dividends Paid on Unvested Shares and Stock Options	6,845	6,165	8,481	17,009
Total Equity Award Adjustments	(1,937,334)	3,674,229	1,657,381	(106,905)

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

Compensation Actually Paid vs. Total Shareholder Return

Compensation Actually Paid vs. Nabors TSR

Compensation Actually Paid vs. Net Income

Compensation Actually Paid vs. Net 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

Financial Performance Measures

Adjusted EBITDA

Adjusted Free Cash Flow

Total Shareholder Return

Net Debt Reduction

Total Shareholder Return Amount

$ 58.01

110.05

57.62

41.38

Peer Group Total Shareholder Return Amount

129.48

125.6

75.93

60.66

Net Income (Loss)

$ (11,784)

$ (350,261)

$ (572,925)

$ (820,252)

Company Selected Measure Amount

915,157

709,392

481,940

563,892

PEO Name

Mr. Petrello

Measure:: 1

Pay vs Performance Disclosure

Name

Adjusted EBITDA

Measure:: 2

Pay vs Performance Disclosure

Name

Adjusted Free Cash Flow

Measure:: 3

Pay vs Performance Disclosure

Name

Total Shareholder Return

Measure:: 4

Pay vs Performance Disclosure

Name

Net Debt Reduction

PEO | As of Year End for Awards Granted During the Year [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

$ 3,389,800

$ 14,669,230

$ 10,201,921

$ 6,575,358

PEO | Year Over Year Increase (Decrease) of Outstanding and Unvested Awards Granted in Prior Years [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(9,520,812)

8,175,298

1,976,273

(5,946,996)

PEO | Increase (Decrease) from Prior Fiscal Year End for Awards that Vested During the Year [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(592,945)

999,593

611,033

(618,880)

PEO | Dividends Paid on Unvested Shares and Stock Options [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

73,710

43,862

48,309

120,209

PEO | Total Equity Award Adjustments [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(6,650,247)

23,887,983

12,837,536

129,691

PEO | Reported Value of Equity Awards [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(5,562,922)

(4,560,545)

(4,503,129)

(12,909,062)

PEO | Reported Change in the Actuarial Present Value of Pension Benefits [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

0

0

0

0

PEO | Total Pension Benefits Adjustments [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

0

0

0

0

Non-PEO NEO | As of Year End for Awards Granted During the Year [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

483,858

2,276,260

1,363,948

770,137

Non-PEO NEO | Year Over Year Increase (Decrease) of Outstanding and Unvested Awards Granted in Prior Years [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(1,239,581)

1,281,721

217,721

(828,255)

Non-PEO NEO | Increase (Decrease) from Prior Fiscal Year End for Awards that Vested During the Year [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(1,188,456)

110,083

67,231

(65,796)

Non-PEO NEO | Dividends Paid on Unvested Shares and Stock Options [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

6,845

6,165

8,481

17,009

Non-PEO NEO | Total Equity Award Adjustments [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(1,937,334)

3,674,229

1,657,381

(106,905)

Non-PEO NEO | Reported Value of Equity Awards [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(1,316,172)

(937,370)

(848,078)

(1,572,561)

Non-PEO NEO | Reported Change in the Actuarial Present Value of Pension Benefits [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

0

0

0

0

Non-PEO NEO | Total Pension Benefits Adjustments [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

$ 0

$ 0

$ 0

$ 0