Statoil Reviews

Updated August 20, 2015
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3.2
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Statoil President and CEO Eldar Sætre
Eldar Sætre
8 Ratings

Pros
  • They get exactly what work life balance means (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
  • Heavy in decision making and process (in 6 reviews)

  • No respect for the international employees (in 4 reviews)

More Pros and Cons

84 Employee Reviews

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  1. inventory manager

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Drill Pipe Manager in Williston, ND
    Former Employee - Drill Pipe Manager in Williston, ND
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Statoil (More than 3 years)

    Pros

    great company, awesome people. always on the edge of new technology and ideas

    Cons

    large corporation, lots of engineers without field experience

    Advice to Management

    Keep it up, you have good people, listen to and support them


  2. Helpful (3)

    Excellent Company

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Accountant in Houston, TX
    Former Employee - Accountant in Houston, TX
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Good Corporate Culture ( Statoil Value), Emphasis on Work/Life Balance, Promote either leadership or technical role for career advancement

    Cons

    In progress to develop better accounting team, need more experienced staffs, necessary to promote the positive relationship amount different teams

    Advice to Management

    In late 2014, IT professional was promoted as Global team leader to manage accounting teams such as Joint Venture, Treasury, Process improvement and Direct Tax. We were initially excited to see this unordinary arrangement as we believed the accounting team would be benefited from his IT project management. After 6 months of the management, we were extremely disappointed. He totally lacks of communication skill, management skills and accounting knowledge. But most importantly, his action has negative impacts on our team performance. Please gather opinions from different team members at Statoil (Business, team lead and his direct reports) to evaluate his qualification. I am not here to complaint but just urge to have a proper and fair judgment on his contribution to the team. For Statoil value, people @ Statoil should speak up to express the truth. It will benefit Statoil in the long run and also help the Global team Leader transform to be a better manager in the accounting field or find a better position to fit his qualification.


  3. Executive Assistant

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Executive Assistant in Tomball, TX
    Former Employee - Executive Assistant in Tomball, TX

    I worked at Statoil (More than a year)

    Pros

    Wonderful place to work, nice people. Leadership was good. Process oriented. Not the best pay in Houston but great benefits.

    Cons

    Decisions shouldn't take as long as they do to be made; some managers didn't care to collaborate with others to make the system work well. Not the best pay in Houston but great benefits.

    Advice to Management

    None.


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Helpful (1)

    Great Company!

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

    Pros

    - Great Medical benefits. - Great 401 K plan - Great compensation and bonus plan - Great European culture. - Great Office outlook

    Cons

    - Statoil GBS is still working on improving process and getting organized. - Global team leader an IT guy, lacks qualities to be a good leader over a accounting team, due to which JV, Audit, Treasury, and Internal Tax is dealing with unreasonable expectations, bad communication and no support. Statoil values are being butchered by this leader.

    Advice to Management

    I agree with another post regarding getting feedback from employees about their leader. Management should look into evaluating this leader and taking correct action accordingly.


  6. Helpful (6)

    Lots of Potential, drowning in own processes, and preferential to Norwegian employees

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook

    I have been working at Statoil full-time

    Pros

    Great benefits, heavy investment in North America and Unconventionals.

    Cons

    Very process driven. Slow to make decisions. Preferential to Norwegian employees. Lack of competitive spirit, way to risk averse.

    Advice to Management

    Listen to the employee base, take some risks, cut the fat.


  7. Helpful (2)

    Favoritism, politics rule decision making

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Ex Manager in Houston, TX
    Former Employee - Ex Manager in Houston, TX
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at Statoil full-time (More than 5 years)

    Pros

    -- Good story tellers about how great it's going to be -- Recognize small fish in big pond in Houston so has competitive benefits -- Non-Norwegian leadership is generally approachable. The rest are not and are very aloof and superior-acting when background and educations would suggest they are inferior employees.

    Cons

    -- Poor quality decisions on promotions; highly subjective and very political -- High comfort level with mediocre performance -- Vast and broad discrimination against "those with the wrong passport" -- Ethics very situational; no one at top pushes for ethics common in North America since they are just too comfortable in roles -- Legal is blind to acts of discrimination

    Advice to Management

    Very poorly run U.S. operations and Canada even worse. Politics and political behavior common, which are signs of weak organization. Reorganizes constantly to renew leadership but glosses over fact they don't even know how to fix things themselves.


  8. Helpful (1)

    Great company to work for

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Contractor in Houston, TX
    Former Employee - Contractor in Houston, TX
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    I enjoyed the corporate culture and the emphasis on work/life balance.

    Cons

    Company expects you to hit the floor running without a structured training program.

    Advice to Management

    Provide additional training opportunities to those new to the company.


  9. accountant

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Neutral Outlook
    No opinion of CEO

    Pros

    Great benefits, 9/80 schedule, subsidized meals

    Cons

    Inefficiencies, lots of red tape

    Advice to Management

    Hire people who know the job.


  10. Helpful (2)

    Leaders need to learn before leading others - GBS Houston

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Analyst in Houston, TX
    Current Employee - Senior Analyst in Houston, TX
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I have been working at Statoil full-time

    Pros

    WLB - Excellent! Benefits - Excellent! Company ethics, efforts, R&D, - Excellent!

    Cons

    GBS - Management don't care for experienced and hard working employees. Management keeps tab specifically on hard working employees.. Late comers continue their traits, management keeps their eyes closed while screwing honest employees. No departments, lacks SOD, Treasury does procurement and JV functions. Financial Services bombards Revenue and JV. Too much of compliance talk. Keeps ripping people off left and right. The leader lacks management skills, need a definite change there.

    Advice to Management

    Norway, please look into it ASAP. Hire efficient leaders who are selfless and constantly mentor employees. Help to clear hostile environment. Statoil is such a great company, please help to keep the morale of hardworking employees.


  11. Wellsite Supervisor

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Great company atmosphere, everyone is eager to help you with any situations that may arise.

    Cons

    No real downsides, besides tons of paperwork

    Advice to Management

    Keep up the good work.



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