Statoil Marketing And Trading Reviews | Glassdoor

Statoil Marketing And Trading Reviews

Updated March 2, 2017
11 reviews

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2.8
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Luann G. Smith
3 Ratings

11 Employee Reviews

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  1. "Facilities Engineer"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Principal Process Engineer in Richmond, TX
    Former Employee - Principal Process Engineer in Richmond, TX
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at Statoil Marketing And Trading (More than 8 years)

    Pros

    Benefits, pay, work environment, people, location

    Cons

    some business units need QA/QC

    Advice to Management

    none


  2. "Stay away.."

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

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

    Pros

    Laid back atmosphere. No stress.

    Cons

    There is a massive culture of protectionism where managers are just trying to protect their positions rather than moving the company forward. The company is holding on to a large amount of bureaucrats sitting in management positions where they sit in MC meetings and “opine” about what is going on. No real expectation of producing anything. No deadlines. No critical thinking. Just cogs in the wheel.
    The majority of managers are Norwegian. Very rarely do they promote above a certain level if you’re not Norwegian. And these are the same managers have a difficult time understanding the business. Often, even heads of departments, have little or no understanding of the operations in their own department. Massive reliance on the “hired help” to do the heavy lifting. All decision making is made by the higher hierarchy management, again always Norwegian, and since they don’t understand the business it’s difficult to get them onboard with solutions. Management rotates every 2 years so the depth of understanding is non-existent. Management has no ability to critically question anything so they take all solutions/information “as is”. This enables a large number of people to “skate” creating a massive amount of deadweight.
    The company has a real difficult time recognizing people who go the extra mile and make an effort to make things better. For example, the last bonus, everyone receives the same 50% payout. If you did any good or not. So the guy who sits next to you and comes in late, leaves early, and does the basic minimum gets the same bonus as the guy who stays late, finds solutions to problems and moves the ball forward. Then they scratch their heads when good people leave. It’s massively demoralizing and make the entire review process a joke.

    Advice to Management

    Maybe do some real work and understand the business your running.


  3. Helpful (1)

    "Sr. Deal Handler"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Milford, CT
    Former Employee - Anonymous Employee in Milford, CT
    Neutral Outlook
    Approves of CEO

    I worked at Statoil Marketing And Trading full-time (More than 3 years)

    Pros

    The people you work with are the best reason to be there and to stay there. They are exceptional at every level and it really feels like family. The benefits are good, still better than most oil and gas companies out there these days.

    Cons

    Unfortunately, leadership and management are weak. They no longer seem to exist to make good decisions for their respective departments but only to do what the mother ship tells them to do, regardless of whether it makes sense or not. There is no real growth potential, and the only way to change jobs and learn something new is if you happen to be a management favorite. Hard work and skill don't seem to get you anywhere.

    Advice to Management

    Do a better job of supporting your people. They are the ones in the trenches and doing the work everyday, and they really know what's going on. Listen to them. And when your best people get fed up with being marginalized and they tender a resignation, do whatever you can to keep them. And, please, stop promoting/giving opportunities to people that can't even do the job they have without screwing it up.


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  5. "Vacation is nice!"

    Star Star Star Star Star
    • 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
    Doesn't Recommend
    Negative Outlook

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

    Pros

    Outside of management the people performing the work and great to work with.
    Use a lot of new technology
    Very relaxed work environment.

    Cons

    Poor management leadership and knowledge.
    Support staff such as HR and IT is horrible.
    Management is not open and not trust worthy.

    Advice to Management

    Treat your strong employees better and get rid of the ones going along for the ride.


  6. Helpful (1)

    "Some good, but, don't be ambitious."

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

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

    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.


  7. Helpful (1)

    "Too much politics."

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


  8. "Great Benefits and people"

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


  9. "Deal handling"

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

    Pros

    Great benefits, salary and co workers

    Cons

    Very little communication in regards to our restructuring which really affect morale


  10. "Operations"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in London, England (UK)
    Former Employee - Anonymous Employee in London, England (UK)

    Pros

    Relaxed Atmosphere, good pension and perks such as canteen, gym memberships, cycle schemes.

    Cons

    Need to be Norwegian to progress above a certain level. Decision making can take a long time


  11. Helpful (1)

    "Statoil"

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


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