Statoil Reviews

Updated August 24, 2014
Updated August 24, 2014
56 Reviews

3.1
56 Reviews
Rating Trends

Recommend to a friend
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Statoil President and CEO Helge Lund
Helge Lund
35 Ratings

Review Highlights

Pros
  • Good work life balance, flexible schedule, chance to play big role in projects (in 14 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)

More Highlights

Employee Reviews

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  1. 2 people found this helpful  

    Great benefits, mediocre operations

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

    I have been working at Statoil full-time for more than a year

    Pros

    Good 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.

    Cons

    Lack 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 ManagementAdvice

    Decide 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.

    Doesn't Recommend
    Negative Outlook
  2. 1 person found this helpful  

    Opportunities to work in many countries and cultures.

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

    I have been working at Statoil full-time for more than a year

    Pros

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

    Cons

    Slow promotion. Bureaucratic and slow decision making.

    Advice to ManagementAdvice

    Flatten the structure - take out a few levels of management - this will encourage creativity.

  3. 1 person found this helpful  

    Spending dollars saving pennies

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

    I have been working at Statoil full-time for more than 8 years

    Pros

    Statoil 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.

    Cons

    To 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 ManagementAdvice

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

    Neutral Outlook
    No opinion of CEO
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  5. 2 people found this helpful  

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

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

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

    Pros

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

    Cons

    Terrible Management. Wrong people are in wrong places

    Advice to ManagementAdvice

    Incapable to accept advice

    Negative Outlook
    Approves of CEO
  6.  

    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 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 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
  7. 1 person found this helpful  

    Friendly people, good benefits, but little chance of getting a job through an internship

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Seismic Imaging Intern  in  Houston, TX
    Current Employee - Seismic Imaging Intern in Houston, TX

    I have been working at Statoil as an intern for less than a year

    Pros

    Benefits, half price meals, open culture, 9/80 schedule

    Cons

    minimal chance of full time job offer

    Advice to ManagementAdvice

    Hire more through intern pools and make the internship program tailormade for transition to full time hire

    Recommends
    Neutral Outlook
    No opinion of CEO
  8. 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 for 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
  9.  

    It started out great, but over time it has become disappointing.

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

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

    Pros

    Benefits, 9/80 work schedule, subsidized meals

    Cons

    Career growth is tied to Norwegian culture, which is very flat & socialistic.

    Advice to ManagementAdvice

    Less expats more locals....locals are a lot cheaper and more knowledgeable.

    Recommends
    Neutral Outlook
    Approves of CEO
  10.  

    Young, ambitious and family friendly

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

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

    Pros

    Flexi time, good experience exposure, many opportunities to,do different things

    Cons

    pay generally lower than peers, not very diverse at the top, not much ezperience in training and processes and systems.

    Advice to ManagementAdvice

    Get closer to people, develop your people

    Recommends
    Positive Outlook
    Approves of CEO
  11.  

    fine and friendly atmosphere to work in.

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

    I worked at Statoil as a contractor for more than a year

    Pros

    as it is mentioned above, friendly atmosphere, regular payments, fine services as well.

    Cons

    I canot pin point any.

    Advice to ManagementAdvice

    keep going.

    Recommends
    Neutral Outlook
    Approves of CEO

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