Statoil Reviews

Updated October 12, 2014
Updated October 12, 2014
66 Reviews
2.9
66 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Statoil President and CEO Helge Lund
Helge Lund
44 Ratings

Review Highlights

Pros
  • Good work life balance, flexible schedule, chance to play big role in projects (in 20 reviews)

  • Great salary and benefits they p ay 100% of all medical and dental insurance at the PPO level (in 4 reviews)


Cons
  • Project management take be really frustrating as decision making takes long time (in 5 reviews)

  • Many international employees quit their work after some short of time of work at company(3-5 years) (in 4 reviews)

More Highlights

10 Employee Reviews Back to all reviews

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  1.  

    Revenue accountant

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Revenue Accountant in Houston, TX
    Former Employee - Revenue Accountant in Houston, TX

    I worked at Statoil full-time (more than an year)

    Pros

    Great benefits and work life balance. Great location it you live on the south west side of houston. Easy access to belt way eight.

    Cons

    The revenue accounting lead is very rude an unprofessional. The lead has no revenue experience and poor management skills.

    Advice to ManagementAdvice

    Need to replace the revenue lead with someone who is experience in revenue accounting.

    Doesn't Recommend
    Disapproves of CEO
  2.  

    Incompetent Management

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Rev Acct ( Acct Recs) in Houston, TX
    Current Employee - Senior Rev Acct ( Acct Recs) in Houston, TX

    I have been working at Statoil as a contractor (less than an year)

    Pros

    Great coworkers. Friendly work environment. Work life balance in General is OK, except for Quarterly close.

    Cons

    GBS USA revenue accounting is lead by an incompetent Lead (i.e. No revenue accounting knowledge or experience). Lead's her newly appointed Team Leads are incompetent as well. Screaming at team members are the norm for the three of them. Abundance of false information is used against the team as well.

    Advice to ManagementAdvice

    Review your choice in Revenue Accounting lead.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  3. 2 people found this helpful  

    Great Company incompetent people

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Accountant
    Former Employee - Senior Accountant

    I worked at Statoil full-time

    Pros

    Salary, Bonus, Insurance, 50% discount at the café, way too many team building events with less work, way too laid back

    Cons

    open plan office, too noisy, no professionalism, lazy employees, no accountability, management/ managers and leaders close their eyes, too much of favoritism, gossips, ill treating contractors, rude behavior.

    Advice to ManagementAdvice

    Norway executive management to make employees accountable in achieving results. Get rid of lazy employees sitting and wasting their time. Many show up late, keep track of them.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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  5. 2 people found this helpful  

    Statoil has more cash than more brain!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee in Houston, TX
    Former Employee - Anonymous Employee in Houston, TX

    I worked at Statoil (more than 3 years)

    Pros

    Company is a NOC, so they have access to funding. Yes, work life balance, but this is not a competency as by time you will lose your competencies.

    Cons

    Slow, very process oriented, only Norwegian can go up the ladder, decisions are taken behind closed doors, very command and control company despite they show off collaboration. Not the top pay in industry. Very slow learning curve, no development plan whatsoever, expect you to follow the orders.

    Advice to ManagementAdvice

    No surprice that Statoil is the worst performer among the peer group in 2011-2013. Open your eyes and come to your senses. This company need a complete revisit to its strategic view.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  6. 2 people found this helpful  

    Very Norway Focused-Lacks Understanding of American Culture-Execs are ALWAYS Right

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee in Houston, TX
    Former Employee - Anonymous Employee in Houston, TX

    I worked at Statoil full-time (more than 5 years)

    Pros

    Business complex is good; benefits are good

    Cons

    Favoritism of the Norwegians is definitely obvious

    Advice to ManagementAdvice

    Consider development of career paths for ALL employees; not just ones you have identified. Strongly suggest some cultural diversity awareness training. Management has not realized that many times translations are lost between languages. Consider having only English spoken in the office. All employees should have equal rights & access to upper management, HR, etc. Too much executive intimidation.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  7. 4 people found this helpful  

    Disappointing

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Human Resources Coordinator in Houston, TX
    Former Employee - Human Resources Coordinator in Houston, TX

    I worked at Statoil

    Pros

    The Norwegians from Norway were some of the best people to work with. They are fair and trustworthy.

    Cons

    The company is now becoming "Americanized".
    Unfair treatment
    Management is incompetent
    prejudice
    no advancement

    Advice to ManagementAdvice

    The management staff needs to be revamped.

    Doesn't Recommend
    Approves of CEO
  8. 3 people found this helpful  

    Are you lazy and unambitious? Statoil is the right company for you...

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee in Oslo (Norway)
    Former Employee - Anonymous Employee in Oslo (Norway)

    I worked at Statoil full-time (more than 5 years)

    Pros

    Extreme work-life balance, good perks for everyone regardless of performance, very flexible leadership, paid overtime, 5 weeks of holiday, flexible work hours.

    Cons

    The company is only good for Norwegians. Foreigners will stay low in the organization regardless how smart they are and hard they work. How long you have been around will determine who is promoted. Lack of decisive decision making. Powerless leaders. The company makes people lazy as working more/harder does not get you anywhere. No performance-based culture. No true commitment to personal and professional development. Extreme bureaucratic organization.

    Advice to ManagementAdvice

    Invest in the right leadership profiles, promote more international in key positions to become a true global company with a multicultural mindset, stop giving to those who do not work/deliver, build a true performance based culture, lay-off lazy employees, streamline your governance.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  9. 2 people found this helpful  

    Not a good company if you are non-Norwegians

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Statoil full-time (more than 3 years)

    Pros

    Great place for a laid-back person. If you just want to enjoy the life and to have 1-year parental leave with 80% pay, come to Statoil and try to have lots of children.
    The Statoil values, "open, caring, hands-on, and courageous", sound very attractive to new talents.

    Cons

    1. Noticeable difference between Norwegian and non-Norwegian. If you do not know and do not want to speak Norsk, you will be one of the "mercenaries". If you are good, go to other majors - COP, Shell, or Chevron. They will pay and value you much more
    2. So many unprofessional behaviors, such as discrimintative language, social isolation are permitted as long as no physical conflicts are involved
    3. Heavy in decision making and process. The decision seems never to be made during the team discussion. It will be made in the coffee bar by a few Norsk-speaking folks
    4. No team-working or integration at all. Everyone builds the railway by himself/herself. Many times it is funny to see the train can not run through the railway
    5. Being competitive is a big 'no-no'. Inititiative of striving for improvement will be treated as a "threat" or "show-off"

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  10. 2 people found this helpful  

    The worst choice if you are young international engineer

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Petroleum Engineer(Reservoir Engineering) in Stavanger (Norway)
    Current Employee - Petroleum Engineer(Reservoir Engineering) in Stavanger (Norway)

    I have been working at Statoil full-time (more than 3 years)

    Pros

    Work life balance is the best thing about Statoil. You will never lose your job, compared to other companies job security is good. Good if you are planning to retire and to relax.

    Cons

    The worst place for international young engineers to start their career. If you are ambitious person this is not your place. Norwegians are preferred more for promotion than internationals. Incredible bureaucracy in process, even for simple things. Although company is now seeming to be more international, still inside it is very Norwegian. Promotions are done based on years not on responsibility, very discouraging environment. Especially Statoil's research unit is the hub for plenty of pension guys. Many managers but job is done by very few people. Few people are trying to do difficult job(engineer, and mostly junior ones) but those are discouraged, people in the long run discover that engineer does not mean a thing for the company but manager does. Therefore number of managers are huge(unnecessarily huge). Company's salary is well below it's competitors. Company's so called development program for the young engineers is very much dependent on the budget: means that if manager decides that your development program is costly, even if it was created for you well in advance, basically they can delay your development program. Most of Statoil's competitors conquer Statoil at competence, culture, benefits and package. Norwegians has their own mafia here. No respect for the international employees. Many international employees quit their work after some short of time of work at company(3-5 years). Although it is claimed that HR will stand and defend you when you are right, they defend leaders. Sometimes even young employees that are new to industry, do not get training, conferences and exciting projects for 3 years!!!
    Other companies such as Chevron, Shell, ExxonMobil, Schlumberger with defined corporate culture which is based on performance and competence will always be better.
    HR of Statoil mostly does not understand that they are also vulnerable, and if they do not employ necessary people for necessary places, the system degradation is the matter of time.

    Advice to ManagementAdvice

    Respect your employees especially engineers, they make differences not managers. Try to establish systems that do not depend on budget, but that are must. In today's world if you can't offer an engineer consistent development and structured plan for it forget about recruiting top class engineers and graduates. Because you are competing on that side as well with other better companies. Become an oil and gas company with the salary and benefits level of oil and gas company. Respect and trust to your international employees, they are the ones that will help you to develop into international company if you let and encourage them do it. Sometimes you want to achieve things without giving anything, in today's world it is not possible. Statoil is the company that bases its business on engineering of oil and gas field development, that largely depends on technical aspects and engineering of these systems(which are very complex). Selling of the products are just simple things, but engineering systems that produce it are difficult. Understand that you need more competent engineers not managers. First of all try to implement those values yourself instead of making every employee learn by heart. The system implementation requires more than just putting them on paper, it will require complete understanding the importance of diversity and discrimination, and why discrimination can ruin the things.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  11. 2 people found this helpful  

    Good

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Process Engineer in Caracas, Capital District (Venezuela)
    Current Employee - Process Engineer in Caracas, Capital District (Venezuela)

    I have been working at Statoil

    Pros

    Good ambient, good salaries, good place for living

    Cons

    Multicultural team, some times no easy to handle

    Advice to ManagementAdvice

    more pro-active

    Doesn't Recommend

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