Statoil Reviews

Updated September 27, 2014
Updated September 27, 2014
67 Reviews
2.8
67 Reviews
Rating Trends

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Statoil President and CEO Helge Lund
Helge Lund
43 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

15 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1. 2 people found this helpful  

    Great benefits, mediocre operations

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

    I have been working at Statoil full-time (more than an year)

    Pros

    Good salary, great other compensation if you're around long enough to be vested. Great insurance and other benefits. Flexible work schedule, generally decent work/life balance and enjoyable atmosphere to work in.

    Cons

    Lack of leadership in the US area, and some questionable decisions on who they've placed in certain job roles. Recent change to overall corporate growth strategy has created some uncertainty, although ultimately could be good for the company. If you're not Norwegian there's little opportunity for advancement. They're currently outsourcing some job areas so it's difficult to recommend that anyone leave a job they're happy with to come here.

    Advice to ManagementAdvice

    Decide on a clear strategy for the company, specifically the US, and put the right people in place to accomplish that vision in the right manner.

    Doesn't Recommend
    Negative Outlook
  2. 2 people found this helpful  

    Good company. Incapable, unqualified, inexperienced management - all across the board

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

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

    Pros

    Good benefits, flexible work (at least that's what they promote)

    Cons

    Terrible Management. Wrong people are in wrong places

    Advice to ManagementAdvice

    Incapable to accept advice

    Negative Outlook
    Approves of CEO
  3. 2 people found this helpful  

    Friendly people, good benefits, but little chance of getting a job through an internship

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Seismic Imaging Intern in Houston, TX
    Current Employee - Seismic Imaging Intern in Houston, TX

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

    Pros

    Benefits, half price meals, open culture, 9/80 schedule

    Cons

    minimal chance of full time job offer

    Advice to ManagementAdvice

    Hire more through intern pools and make the internship program tailormade for transition to full time hire

    Recommends
    Neutral Outlook
    No opinion of CEO
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  5.  

    It started out great, but over time it has become disappointing.

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

    I have been working at Statoil full-time (more than 5 years)

    Pros

    Benefits, 9/80 work schedule, subsidized meals

    Cons

    Career growth is tied to Norwegian culture, which is very flat & socialistic.

    Advice to ManagementAdvice

    Less expats more locals....locals are a lot cheaper and more knowledgeable.

    Recommends
    Neutral Outlook
    Approves of CEO
  6. 1 person found this helpful  

    A good environment to learn

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Consultant Supply Chain in Stavanger (Norway)
    Current Employee - Senior Consultant Supply Chain in Stavanger (Norway)

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

    Pros

    - Intellectual work environment: Access to huge knowledge bank within your specialism.
    - Opportunities to work internationally.
    - Intelligent colleagues; little need to explain "why" and "how".
    - Caring culture.
    - Good work life balance.

    Cons

    - Poor link between individual or team performance and compensation.
    - Slow decision making process.
    - Passive line management.
    - Too many academicians and too quality oriented: Too much time spent discussing, not enough time spent doing.

    Advice to ManagementAdvice

    Be consistent when rewarding individual and team performance.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  7.  

    Work life balance, slow decisions and too much politics

    • 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

    Pros

    Good pay and benefits, although bonus is not attractive. Good working environment and quite stable employment. Proud of high ethical standards regarding environment and social responsibility.

    Cons

    Highly politicized and lack of performance driven is a cultural barrier to execute its strategy. Truly openness to deal with real issues is missing.

    Advice to ManagementAdvice

    Strategic directions need faster and better execution.

    Recommends
    Approves of CEO
  8. 4 people found this helpful  

    Good company to work for if you are true Norwegian, wrong place to be if you are an international employee

    • 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 5 years)

    Pros

    good work/life balance. The company is the right choise for those who are looking for relaxed and stable employment. Good company for housewives and not ambitious people. It is nearly impossible to get fired, unless you come drunk to your work.

    Cons

    No professional growth, guaranteed, unless you are Norwegian or a good friend of someone. Most of employees are just waiting to retire and doing minimum tasks. The company is promoting equal rights, hence a lot of women at all layers of organization and most of them just not capable for their job

    Advice to ManagementAdvice

    Get rid of a lot of useless people, among you as well

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  9.  

    Optimum Work-Life balance, Good Environment, Ok compensation, Poor international Integration and career opportunities

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

    I have been working at Statoil full-time

    Pros

    The Work-Life balance is great, but this is common in Norway. Compensation and Benefit are good for young engineers. Very nice people and environment, everybody willing to collaborate and help.

    Cons

    Compensation and benefit for experienced professionals is below industry average. Norwegian is the language.
    Top Management positions are almost only for Norwegians
    If you are not proactive is very easy to get bored and feel unsatisfied with your job (many people do as less as possible)

    Recommends
    Neutral Outlook
    No opinion of CEO
  10. 2 people found this helpful  

    Spending dollars saving pennies

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

    I have been working at Statoil full-time (more than 8 years)

    Pros

    Statoil have a relatively flat organization where one as an employee can handle projects quite on your own as long as you deliver and show results. I.e. leaders will not interfere too much which I appreciate. If you have a solid knowledge of your specific field and is secure on yourself, you can do a difference. My personal experience is that my closest manager gives me free reins with what I do.
    Working hours are like in Norway good (regulated by law), and you can normally decide how you use your time. If you have a sick child, nobody will raise their eyebrows if you're home to take care of your child. So if you're a young professional starting in this industry, Statoil is a good place to get experience.

    Cons

    To much money is spent on wastless studies by external companies because project leaders don't have enough broad knowledge and thus don't trust internals with the required background. This leads to what I like to call decision paralysis requiring even more studies!
    Statoil have a lot of technical requirements, which is typical for the oil industry. However there is a resistance to change these when knowledge shows that it should be done.
    Now Statoil wishes to save money by saving pennies instead of saving dollars. This is done by taking away benefits we have had like fruit baskets (from a company for people with disabilities. Social responsibility?), food assortment in the cantina etc.
    Restrictions to travel is another issue. To travel overseas needs approval by top management. I dare say on one occasion that with less restrictions, the company could had saved X. Not to talk about these studies...
    One should bear in mind that Statoil being Norways largest company can't pay as much as foreign oil companies thus pays less because it would raise the average pay level in Norway. All very understandable. With this backdrop it will be less interesting to stay by the company when one have enough knowledge to seek better opportunities elsewhere.

    Advice to ManagementAdvice

    Start listening to individuals one by one over a coffee or something, and not from middle/top management.

    Neutral Outlook
    No opinion of CEO
  11.  

    Slow-paced, but very friendly environment...place to take some rest and relax

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

    I have been working at Statoil full-time (more than an year)

    Pros

    Medium pay, but very short hours and managers are very flexible when it comes to holidays or simply long weekends. All business travel times outside of working hours is paid as extra time.
    The environment at work is very nice and friendly...Flowers, cakes, waffles, yoga, good gym...

    Cons

    A lot of old employees - result, very slow pace business environment, most of them, unfortunately, simply wait to retire and get that super pension. No challenge in daily activities. When promoting to new or expatriate positions managers are somewhat favourable to norwegians - which is an understandable issue, but when they hire international people they emphasize that opportunities are equal. Norwegian language recently became an issue, this is no longer real international company - you are told very straightforward that they want you to speak Norwegian - no proper training is provided though. And it requires some efforts to reach some level of proficiency in it...and you are really not sure what to do with it later on in your life...unless you plan to relocate to a country of "perma" autumn/winter...

    Advice to ManagementAdvice

    Instead of cutting costs on fruits try to stimulate people to save money for the company and not always being contractor friendly...it is harder to do but will save you much more

    Recommends
    Neutral Outlook
    No opinion of CEO

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