Statoil Reviews

Updated July 17, 2015
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3.3
Rating Trends
Recommend to a friend
Approve of CEO
Statoil President and CEO Eldar Sætre
Eldar Sætre
4 Ratings

Pros
  • They get exactly what work life balance means (in 21 reviews)

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

Cons
  • Heavy in decision making and process (in 6 reviews)

  • No respect for the international employees (in 4 reviews)

More Pros and Cons

62 Employee Reviews

Sort: Popular Rating Date
  1. Buyer/Expeditor

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Buyer/Expeditor in Aberdeen, Scotland (UK)
    Current Employee - Buyer/Expeditor in Aberdeen, Scotland (UK)

    I have been working at Statoil full-time (Less than a year)

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    Good environment, with decent work-life balance. Loads of very dedicated people, believing in the company, what it does and what it values are.

    Cons

    Norwegian company so would be beneficial to speak Norwegian although it's not a requirement.


  2. Helpful (1)

    Great Company!

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

    I have been working at Statoil

    Recommends
    Neutral Outlook
    Recommends
    Neutral Outlook

    Pros

    - Great Medical benefits. - Great 401 K plan - Great compensation and bonus plan - Great European culture. - Great Office outlook

    Cons

    - Statoil GBS is still working on improving process and getting organized. - Global team leader an IT guy, lacks qualities to be a good leader over a accounting team, due to which JV, Audit, Treasury, and Internal Tax is dealing with unreasonable expectations, bad communication and no support. Statoil values are being butchered by this leader.

    Advice to Management

    I agree with another post regarding getting feedback from employees about their leader. Management should look into evaluating this leader and taking correct action accordingly.


  3. Helpful (6)

    Lots of Potential, drowning in own processes, and preferential to Norwegian employees

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

    I have been working at Statoil full-time

    Doesn't Recommend
    Neutral Outlook
    Doesn't Recommend
    Neutral Outlook

    Pros

    Great benefits, heavy investment in North America and Unconventionals.

    Cons

    Very process driven. Slow to make decisions. Preferential to Norwegian employees. Lack of competitive spirit, way to risk averse.

    Advice to Management

    Listen to the employee base, take some risks, cut the fat.


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Helpful (3)

    The best example of retirement, lazy and bureaucracy company

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

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

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    If you are tired of working hard and want to relax, and do not have big ambitions in the life, or if you are getting to retirement you can come to Statoil. It is good place to relax, to retire and not to stress yourself.

    Cons

    Possibly the worst choice if you are young, ambitious and especially if you are not Norwegian and if you are international. Salaries are considerably lower compared to industry competitors. There is no career management and structured training programme in Statoil. Professional competition and meritocracy are discouraged and sometimes are seen as threat. Promotions are based on mostly age, friends and ethnicity. There is clearly some tendency towards Norwegians in company. Promotions, expatriate roles, important projects are given to Norwegians. The experience outside Statoil are not counted as something credible. Key central processes such as corporate rules, managers' internal reviews by employees and career talks are clearly neglected. Career progression is very slow. Company trusts line managers more than employees. There are more leaders or leading project people than doers of the projects. Since being leading in the company is more respected from company's point of view, there is big disproportion.

    Advice to Management

    Company needs radical changes if it really wants to be sustainable. Norwegian Continental Shelf's reserves are getting depleted and soon you will have to go to more international markets. Therefore attraction of international employees will be important. But Statoil will have to compete with other giants for these talents, not only in oil and gas industry but in other more attractive sectors. Company needs a culture of meritocracy, skills and competition not of age and ethnicity. Management should follow the rules set by Corporate and keep the words they give to their employees before making everybody learn by heart these rules.


  6. accountant

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

    I have been working at Statoil

    Neutral Outlook
    No opinion of CEO
    Neutral Outlook
    No opinion of CEO

    Pros

    Great benefits, 9/80 schedule, subsidized meals

    Cons

    Inefficiencies, lots of red tape

    Advice to Management

    Hire people who know the job.


  7. Great culture with a value base system to succeed in your career!

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

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

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    4 unique values from other companies; open, caring, hands-on, courageous, that allow the work place to be very collaborative while also challenging upper management. Great company to work for!

    Cons

    Management structure a bit difficult to understand due to being a European company but after a while you'll understand it.

    Advice to Management

    Encourage to challenge their ideas and very open for constructive feedback.


  8. Wellsite Supervisor

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Statoil

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Great company atmosphere, everyone is eager to help you with any situations that may arise.

    Cons

    No real downsides, besides tons of paperwork

    Advice to Management

    Keep up the good work.


  9. Helpful (2)

    Leaders need to learn before leading others - GBS Houston

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

    I have been working at Statoil full-time

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    Pros

    WLB - Excellent! Benefits - Excellent! Company ethics, efforts, R&D, - Excellent!

    Cons

    GBS - Management don't care for experienced and hard working employees. Management keeps tab specifically on hard working employees.. Late comers continue their traits, management keeps their eyes closed while screwing honest employees. No departments, lacks SOD, Treasury does procurement and JV functions. Financial Services bombards Revenue and JV. Too much of compliance talk. Keeps ripping people off left and right. The leader lacks management skills, need a definite change there.

    Advice to Management

    Norway, please look into it ASAP. Hire efficient leaders who are selfless and constantly mentor employees. Help to clear hostile environment. Statoil is such a great company, please help to keep the morale of hardworking employees.


  10. Helpful (2)

    Statoil needs to understand culture when working outside of Norway. All they do is based on how its done in Norway.

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

    I have been working at Statoil full-time (More than a year)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Good work life balance is discussed and sometimes followed.The company is very organized in its procedures and when they are followed properly than they work.

    Cons

    Unless you are Norwegian than the chances of advancement are slim at best. Senior management also needs to really understand how business is done in countries outside of Norway. Salaries compared to the rest of industry are lower without question.

    Advice to Management

    To be a global company Statoil need to embrace a world attitude and work within countries and their traditions.


  11. Overall Work Experience

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

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

    Recommends
    Negative Outlook
    No opinion of CEO
    Recommends
    Negative Outlook
    No opinion of CEO

    Pros

    Good benefits, work life balance

    Cons

    Very centralized from Norway, not a lot of growth in company, very little training opportunities



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