Statoil Reviews

Updated July 20, 2015
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80 Employee Reviews

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  1. Overall Work Experience

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

    I have been working at Statoil full-time (More than 3 years)

    Recommends
    Negative Outlook
    No opinion of CEO
    Recommends
    Negative Outlook
    No opinion of CEO

    Pros

    Good benefits, work life balance

    Cons

    Very centralized from Norway, not a lot of growth in company, very little training opportunities


  2. accountant

    • 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

    Neutral Outlook
    No opinion of CEO
    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.


  3. 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

    I have been working at Statoil full-time

    Doesn't Recommend
    Neutral Outlook
    Doesn't Recommend
    Neutral Outlook

    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.


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  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

    I have been working at Statoil

    Recommends
    Neutral Outlook
    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 (2)

    Very good experience and training.

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

    I have been working at Statoil

    Approves of CEO
    Approves of CEO

    Pros

    the flexibility within statoil is the best thing one can experience

    Cons

    the benifits one gets from statoil are so bad if compared to other companies.

    Advice to Management

    look at the employees benifits and compensations.


  7. Helpful (1)

    Good work/life balance, slow pace growth

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

    I have been working at Statoil

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    Pros

    Statoil has one of the best work and life balance in the market. Working culture, depending on the business area (I work in Development & Production Norway) is very relaxed, including dress code. If you work for Statoil in Norway, the employment gives you some strange status.

    Cons

    Career development is very slow and for foreign graduates, Norway with it's cultural values can be really difficult to cope with. Project management take be really frustrating as decision making takes long time. Norway as a country to live in will challenge you as well, both cost-level wise and people-wise.

    Advice to Management

    Be more inclusive towards international employees. Compensation must be aligned with the market if the management wishes to stop the increasing turn-over among young people. Internal processes must be simplified and this should not take 5 years, but be rather executed fast track.


  8. Young, ambitious and family friendly

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

    I have been working at Statoil full-time (More than 3 years)

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

    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 Management

    Get closer to people, develop your people


  9. Helpful (3)

    Generally a stable, safe job - but bureaucratic and conservative

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

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

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

    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 Management

    Shake up the incredibly conservative salary and promotion policies. Cut internal red tape and speed up decision making.


  10. Helpful (1)

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

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

    I have been working at Statoil full-time (More than a year)

    Recommends
    Neutral Outlook
    No opinion of CEO
    Recommends
    Neutral Outlook
    No opinion of CEO

    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 Management

    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


  11. Helpful (2)

    Spending dollars saving pennies

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

    I have been working at Statoil full-time (More than 8 years)

    Neutral Outlook
    No opinion of CEO
    Neutral Outlook
    No opinion of CEO

    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 Management

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



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