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

Statoil Reviews

Updated Jun 24, 2014

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3.2 51 reviews

                             

79% Approve of the CEO

Statoil President and CEO Helge Lund

Helge Lund

(34 ratings)

64% of employees recommend this company to a friend
51 Employee Reviews
in

Review Highlights

Pros:
  • "Flexible work schedule, generally decent work/life balance and enjoyable atmosphere to work in"
    in 12 reviews
  • "If you are permanently based in Norway and want a no hassle work life with good benefits then this is the right choice"
    in 3 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
  • Show more review highlights

Reviews

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    • Approves of CEO

     

    All around very good

    Anonymous Employee (Current Employee)
    Houston, TX

    ProsFlexibility, schedule, challenges, colleagues, benefits (U.S. employee). All around better than all of my previous employers both inside and outside of the oil & gas industry.

    ConsLess structured than most companies.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    Accountant

    Anonymous Employee (Current Employee)

    ProsGood social benefits, work environment, internal career development

    ConsLack of constant progress, everything takes time

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    2 people found this helpful  

    Ideal WORK/LIFE balance normal training

    Anonymous Employee (Current Employee)
    Stavanger (Norway)

    ProsRelaxed environment
    Excellent training
    Company has many places to work for
    You can change your division, as much as you want

    ConsProgress in positions could be slow
    Not a great place to start if you would like to have fast growing progress
    Number of trainings per year is little

    Advice to Senior ManagementPlease trust young engineers for high responsibility tasks. Increase number of trainings, make it more intensive. Trust performance and development more than your HR and budget. It worked for Exxon, Chevron and Schlumberger, it would definitely work for Statoil.

    Yes, I would recommend this company to a friend

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    • Work/Life Balance
           
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    • Approves of CEO

     

    Best choice if this is what you want to do...

    Gas Station Clerk (Former Employee)
    Oslo (Norway)

    ProsGood trainee program
    Social programs are nice aswell as the benefits
    You get to meet new people and all days are different

    ConsSalary is not high, low OT rate.
    Takes time to get recognized for good work
    You will get tired of making fast food

    Advice to Senior ManagementCreate a program for Franchise owners to better understand how to motivate employees.
    Dont be afraid to give people more responsibility

    Yes, I would recommend this company to a friend

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    • No Opinion of CEO

     

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

    Project Engineer (Current Employee)
    Stavanger (Norway)

    ProsThe 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.

    ConsCompensation 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)

    Yes, I would recommend this company to a friend

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    • Culture & Values
           
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    • Disapproves of CEO

    3 people found this helpful  

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

    Anonymous Employee (Current Employee)

    Prosgood 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.

    ConsNo 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 Senior ManagementGet rid of a lot of useless people, among you as well

    No, I would not recommend this company to a friend

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    2 people found this helpful  

    Great benefits, mediocre operations

    Senior Analyst (Current Employee)
    Houston, TX

    ProsGood 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.

    ConsLack 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 Senior ManagementDecide 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.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    1 person found this helpful  

    Opportunities to work in many countries and cultures.

    Senior Consultant Procurement (Current Employee)
    Stavanger (Norway)

    ProsVaried tasks. Highly educated colleagues. Opportunities to work abroad.

    ConsSlow promotion. Bureaucratic and slow decision making.

    Advice to Senior ManagementFlatten the structure - take out a few levels of management - this will encourage creativity.

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    • Culture & Values
           
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    • No Opinion of CEO

    1 person found this helpful  

    Spending dollars saving pennies

    Mechanical Engineer (Current Employee)
    Stavanger (Norway)

    ProsStatoil 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.

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

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    • Culture & Values
           
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    • Approves of CEO

    2 people found this helpful  

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

    Engineer (Current Employee)
    Houston, TX

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

    ConsTerrible Management. Wrong people are in wrong places

    Advice to Senior ManagementIncapable to accept advice

    – I'm not optimistic about the outlook for this company

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