Statoil

www.statoil.com

Statoil Reviews

Updated January 25, 2015
Updated January 25, 2015
74 Reviews
2.9
74 Reviews
Rating Trends

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

Review Highlights

Pros
  • Good work life balance, flexible schedule, chance to play big role in projects (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
  • Project management take be really frustrating as decision making takes long time (in 6 reviews)

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

More Highlights

51 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Great company to work for

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

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

    Pros

    - Supporting colleagues and environment, far away from the rat race culture of other firms
    - Good career opportunities if you are based in Norway, although this is currently not nearly as good as in the early 2010s.
    - Pay is good, below what other oil companies pay, but job security is much higher

    Cons

    - Company is in a challenging state with the decline in oil price and the high cost structure
    - Skills development is slower than at smaller companies, so you have to be proactive requesting change.

    Advice to ManagementAdvice

    - Promote people based in merits & potential, not based on age

    Recommends
    Neutral Outlook
  2.  

    Career ender for the young and ambitious

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Analyst in Oslo (Norway)
    Current Employee - Analyst in Oslo (Norway)

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

    Pros

    1. Nice offices
    2. Decent pay (below industry average)
    3. Casual dress code,
    4. Over time pay
    5. Excellent work life balance

    Cons

    1. Poor career development - promises not fulfilled.
    2. Global People Survey is a joke.
    3. No formal training, learn as you go along.
    4. They are firing the wrong people.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  3.  

    Analyst

    • 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

    Pros

    Great culture and benefits.
    Ability to drive your own career.

    Cons

    Everything has to go through multiple memos and approvals in the Houston office as well as in Norway offices.
    Decisions are not made quickly and require consensus.

    Recommends
    Neutral Outlook
    Approves of CEO
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  5.  

    Nice company

    • 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

    Pros

    Good salary, benefits and relaxed working hours

    Cons

    Not a lot of development opportunities

  6. 1 person found this helpful  

    Politically driven, corrupted in Canada

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Business Analyst in Calgary, AB (Canada)
    Current Employee - Business Analyst in Calgary, AB (Canada)

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

    Pros

    laid-back, some nice people, nice office space

    Cons

    bad management, zero opportunities to grow, corruption embedded in some critical depts.

    Advice to ManagementAdvice

    change the management

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  7. 2 people found this helpful  

    STATOIL = (few humble+honest+loyal+excellent professionals) - (hundreds of cynical/useless/political careerists)

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

    I have been working at Statoil full-time

    Pros

    The globally integrated company with a lot of interesting activities. You can meet some bright people here (but very very few). An OK salary and benefits.

    Cons

    The Norwegian trust-based horizontal corporate culture has effectively developed this company over years. Nowadays, unfortunately, many cynical careerists use trust for their own benefit and do nothing but show off. Meetings, presentations, emails - seem to be endless with zero productivity. Teamwork does not have any meaning here, instead just bunch of cynical individuals playing politics. Decisions are based on personal subjective view. If you want to be identified as young talent - just don't express any opinion, keep silent, always smile, please "managers" and help them with their political games then you will get promotion and good assignments.

    Advice to ManagementAdvice

    You are loosing your creditability, wake up. The cynical careerists who lead you businesses internationally simply don't deserve all trust and power which you gave them. Talk to ordinary employees, not through the anecdotic leadership teams, and you will know more.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  8.  

    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
  9. 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
  10. 1 person found this helpful  

    Houston office is not there yet.

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

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

    Pros

    Very good salary and benefits.

    Cons

    Inexperienced management that look only to their own careers. Locals treated as second class employees.

    Advice to ManagementAdvice

    Actually live the values with your reports. Lead others instead of focusing on your own careers.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  11. 1 person found this helpful  

    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 a 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

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