Statoil Marketing And Trading

www.statoil.com
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Statoil Marketing And Trading Reviews

Updated March 3, 2015
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2.7
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Luann G. Smith
1 Rating

5 Employee Reviews

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  1. Great Benefits and people

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

    I worked at Statoil Marketing And Trading

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

    Pros

    Benefits are very extensive and full coverage

    Cons

    Constant reorganizations result in team moral being affected.

    Advice to Management

    Be sensitive with employees and keep channel of communications open.


  2. Helpful (1)

    Some good, but, don't be ambitious.

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

    I have been working at Statoil Marketing And Trading full-time (More than 5 years)

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

    Pros

    Good work life balance, flexible
    Stable environment
    Job security
    Business travel to Europe sometimes.

    Cons

    There is a significant amount of politics that can not be maneuvered. If you're not Norwegian and have any aspirations pretty much forget it. Even you come into the company with a large amount of experience and knowledge, this will not put you in a position of upward mobility. If you work harder, it will not be a step to improving your career. In some crazy way, its an hindrance. I've been told in the past to stop putting additional effort into a job (probably because it made my manager appear incompetent).

    Management is highly focused on "standardization" even in cases where its more of a problem than a solution.
    This forces jobs to become daily processes that just need to be completed with very little brain power.. assembly line work.

    There is no real quality control in peoples work. If reporting is produced, there is no effort to make sure that it is correct.
    Decisions by management are made off a one or two page report. However, the analysis behind the decision is never really questioned or quality checked. So one analyst who knows what they're doing and put the time and effort into completing a quality product is not differentiated between someone who has no clue how to do a job. No recognition of competence.

    If you challenge the processes and its short comings, your often told to "stay loyal to the decision" or some other corporate buzz quote.

    Massive bureaucracy, several layers of individuals to work through to get a decision made (if its ever made).

    There is a reorganization every year or two, there is no real vision on where the company should go.

    Decisions have been taken to extreme levels in the organization, which in any other company would have been made at the business level, in a couple of days. Here, it could take months.

    Managers are hardly in their jobs for more than 2 years. So, often there is no competence in the roles they manage.
    Managers (almost always Norwegian) will not don't know the details of the job, so they will take the work of analysts and present it as their own to higher and higher levels of management (because you have too, its the only way to get a decision). When higher levels of management asks questions, your direct manager will then push exact same question down! And then take your answer word for word and send it to the decision makers, basically being an inbox. Even though your manager doesn't understand the business case, they continue to get more and more exposure to higher management in order to promote themselves. While the people who are doing the real work are often sitting in the same job or job level for years or their entire career.

    Advice to Management

    Management has known about these issues for years.
    Why would they change it? It works for them.
    In most companies, you want the people with the most knowledge and competence to lead a team in order to make the team better and to build depth of knowledge. Unfortunately, that is not the case here.


  3. Helpful (1)

    Too much politics.

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Operation Support in Stamford, CT
    Former Employee - Operation Support in Stamford, CT

    I worked at Statoil Marketing And Trading

    No opinion of CEO
    No opinion of CEO

    Pros

    some great people. very nice building.

    Cons

    too much politics - hr needs an hr department.

    Advice to Management

    learn how to manage by taking management classes.


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  5. Helpful (1)

    Statoil

    • 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 Marketing And Trading

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

    Pros

    People are nice, traders are understanding, team is good. Nice office.

    Cons

    Poor, outdated systems, in need of development. Poor/ non existent training.

    Advice to Management

    Invest in training.


  6. Helpful (1)

    good culture but low pay

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Accounting
    Current Employee - Accounting

    I have been working at Statoil Marketing And Trading

    No opinion of CEO
    No opinion of CEO

    Pros

    regular work hours and generous vacation

    Cons

    compensation below market and limited career opportunities



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