Statoil

www.statoil.com

Statoil Reviews

Updated January 25, 2015
Updated January 25, 2015
74 Reviews
3.0
74 Reviews
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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

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  1. 1 person found this helpful  

    Solid ship headed into rougher weather

    • 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 5 years)

    Pros

    Fantastic work/life balance, and company of high ethical integrity. CEO Lund is smart and sincere man with conservative values tempered by Scandinavian sense of humanity. Being a majority state owned company in social democratic Norway has contributed to a generous cushion of labour rights and entitlements. Statoil has developed leading world-class technologies and uses them both to optimize hydrocarbon recovery and find socially and environmentally responsible solutions to adverse effects of oil and gas production.

    Cons

    Statoil is a company in transition, like most other oil majors in one way or another. Norway and Statoil's generosity is often taken for granted by Norwegian employees. The company is wrought with cumbersome bureaucracy and too many internal stakeholders getting in the way of needed greater expediency. Management trying to streamline processes and trim fat to maintain global competitive edge and economic viability in face of tighter margins, but they frequently come across as blunt, callous and clumsy to Norwegian workforce, subsequently diminishing morale and loyalty. The company's turn away from developing renewable energy since the merger with Hydro in 2007 has disappointed many employees. Many also question the ethics of Statoil's investments in oil sands and shale gas and would at least like to see us take the lead in mitigating the environmental and social downsides of those pursuits. The decision and probable necessity to expand internationally is unfortunately contributing to Statoil losing its soul and becoming like many other mega multinational oil companies.

    Advice to ManagementAdvice

    Insist on cutting costs through even greater expediency. Don't waste time and resources on appeasing the consensus and likewise don't let clueless managerial tyrants waste the time, resources and creative energy of individuals and teams by insisting on tiresome non-necessities. Despite company's efforts to streamline processes, many still don't get it.

    Recommends
    Neutral Outlook
    Approves of CEO
  2.  

    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 a 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
  3.  

    Good company to work for...if you are above 30 and want to spent a lot of time with your family.

    • 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

    Probably the best work/life balance in the world. My colleagues are very friendly, line manager would always approve my holiday, in fact he would suggest to take a longer/better break.

    Cons

    No pressure, no stress...but it might lead to a very relaxed lifestyle...not sure if it is any good for productivity though.

    Advice to ManagementAdvice

    apply more international approach to future development of the company.

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    1 year experience

    • 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

    Great environment. Working time till 15-16h.

    Cons

    You can get too lazy

    Recommends
    Approves of CEO
  6. 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
  7. 1 person found this helpful  

    About the Company

    • 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 (less than a year)

    Pros

    Life and Work Balance, focus on time completion of the Project

    Cons

    I do agree with the review dated May 10, 2013 (Business Analyst)

    Just to add smth in addition to what I have experienced: Very poor management skills.

    Change your attitude towards international employees. Very much political on how people get promoted there. There is some norwegian mafia as well.

    Advice to ManagementAdvice

    If Statoil is so focused on its values and ethics, then Statoil shall start with themselves first. Start going on to an international arena, in order to get an international experience working with Contractors.

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

    Statoil

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

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

    Pros

    Professional, progressive and safe, I am very happy here

    Cons

    No known cons except they are sometime too process driven

    Recommends
    Positive Outlook
    Approves of CEO
  9. 2 people found this helpful  

    International headoffice, yet with Norwegian pride

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

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

    Pros

    Work and life balance is a great addon. If you want to leave your work at 15:00 or 16:00, then this is the place to be. But if you have some aspirations and want to progress with your career, then you should really consider if this company is the right for you.

    Cons

    This is my second review of Statoil. I have now moved from the main headoffice in Stavanger to the international headoffice in Oslo. The atmosphere is more relaxed here, but I expected the work pace to be much higher than it turned out. Most of international employees here are adapting quickly to the work environment, you see people spending more time drinking coffee and having hour long lunch breaks. If this company is due to cut its cost and increase competitiveness, they must start with their work culture. I don't think I will be for much longer.

    Advice to ManagementAdvice

    Change your attitude towards young international employees. You should drive and encourage performance, and not discourage it by sending your employees home at 1500, 1600. It appears that the CEO is not seeing the problem. The company has its own corporate priority group of something 150 employees and while most of them Norwegian, its very much politics on how they get promoted. If you can play the political game within Statoil, then you will have a chance to boost your career. As I don't consider this workplace to be a political arena, I would rather prefer to get to my work, get the job done on high quality and then go home when I have to, not when I am being told to.

    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO
  10. 1 person found this helpful  

    Generally a stable, safe job - but bureaucratic and conservative

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

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

    Pros

    - Flexibility and working hours: While it is possible to work yourself to near death also in Statoil (depending on your position), it is generally possible to achieve a comparably good work-life balance
    - Range of opportunities: As in most large corporations, there are many countries, disciplines and settings that you can work within

    And as far as the company is concerned, it is expanding rapidly and has become a lot more international in the past few years. It is an exciting company to follow.

    Cons

    - Salaries (in Norway): Considerably lower than industry average. Furthermore, salary does not follow actual responsibility, but rather age and years of experience.
    - Advancement: While you will readily be given increased responsibility, and be able to handle this well, your performance will not be rewarded by hierarchic (and hence also salary) promotion. Age is king. Period.
    - The mantra underpinning Statoil's HR policy is: "Everybody wants to work here. We don't care if you leave."
    - Decision making is exceedingly bureaucratic and very slow. The internal politics associated with this are suffocating initiative on a daily basis.

    Advice to ManagementAdvice

    Shake up the incredibly conservative salary and promotion policies. Cut internal red tape and speed up decision making.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  11.  

    great place to start your career

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

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

    Pros

    on job training, challenging, caring and helpful environment

    Cons

    low salaries, lack of foreign staff at top management

    Recommends
    Positive Outlook
    Approves of CEO

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