Statoil
3.2 of 5 51 reviews
www.statoil.com Stavanger, Norway 5000+ Employees

51 Employee Reviews (View Most Recent)

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1 person found this helpful  

Solid ship headed into rougher weather

Anonymous Employee (Current Employee)
Stavanger (Norway)

ProsFantastic 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.

ConsStatoil 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 Senior ManagementInsist 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.

Yes, I would recommend this company to a friend

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

    Anonymous Employee (Current Employee)
    Stavanger (Norway)

    I have been working at Statoil full-time for 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… 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.… Advice to Senior Management: Instead of cutting costs on fruits try to stimulate people to save money for the company… Yes, I would recommend this company to a friend More
    • Culture & Values
           
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    Not bad

    Anonymous Employee (Former Employee)

    I worked at Statoil


    Pros: Good atmosphere at the workplace Cons: can't figure out what they are doing Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company… More
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