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Statoil Reviews

Updated January 14, 2018
206 reviews

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3.0
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Statoil President and CEO Eldar Sætre
Eldar Sætre
61 Ratings

206 Employee Reviews

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Pros
  • Great company with good values - good work / life balance (in 57 reviews)

  • Excelent benefits and work environment (in 26 reviews)

Cons
  • Very process oriented, sometime make decision making longer (in 12 reviews)

  • What's keeping employees in Oil and gas (in 5 reviews)

More Pros and Cons

  1. Helpful (1)

    "Positive Experience"

    StarStarStarStarStar
    • 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

    Relaxed environment, flexible schedule, great coworkers

    Cons

    Management was disorganized, contract workers mismanaged.


  2. Helpful (1)

    "Interesting work, low salaries, great people, discriminatory."

    StarStarStarStarStar
    • 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
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    Lots of interesting work. Lots of responsibility for those who want it. Decent benefits, 25 days vacation, ample sick leave, pension and other benefits. When you start, everyone has good things to say about your work, but soon you are forgotten. Lovely co-workers. Good work life balance. subsidized lunches. Nice office. Flexible when they need you.

    Cons

    If you are a good worker, you'll go far, until you ask for a raise or some incentive to keep doing well. Statoil does not incentivize it's current employees, but hires new external candidates and pays them better. The IT help is terrible. Very inefficient. HR doesn't respond. Plenty of women and minorities feel they have been left behind in terms of opportunities and salaries.

    Advice to Management

    Invest in your current workers. Invest in the non-expats too. Invest in IT so we can be more efficient. Increase the salaries. Don't be color or gender blind to discrimination.

  3. "Engineer"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Austin, TX
    Current Employee - Anonymous Employee in Austin, TX
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at Statoil full-time (More than 10 years)

    Pros

    There are some great co-workers--dedicated and experienced. Good evaluation of economic rate of return on assets, but can be overwhelming. Benefits were good until most recent downturn.

    Cons

    Reorgs are too frequent. Some management has no clue about what their employees do. They don't value long term employees bringing experience to a job, but would rather see employees move to different roles as part of a way to "develop" the individual. This does not work well when running a lean organization. Office space is less than desirable.

    Advice to Management

    Value your employees who contribute to the business. If safety is the first priority, is that reflected in the organization?


  4. Helpful (1)

    "Never ever have I seen such employee turn-over"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Project Engineer
    Former Employee - Project Engineer
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at Statoil full-time (More than a year)

    Pros

    The name looks good on your resume

    Cons

    Heater-skelter
    Lack Communication w management

    Advice to Management

    Stop blaming/firing the employees
    All these people can’t be bad.
    Value your people. All of them
    Even the cleaning lady


  5. Helpful (9)

    "Solid Meh - Take it or leave it"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Engineer in Austin, TX
    Current Employee - Engineer in Austin, TX
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    -it's a job in downturn times
    -health insurance used to be free, they've recently decided to start payroll deductions for it.

    Cons

    -Completely disorganized
    -I don't think anyone here really knows what's going on or how to address planning issues that constantly pop up
    -mediocre pay
    -field employees do not get 9/80 schedule or other benefits that office employees get ( food, gyms, social interaction, networking)
    -I haven't been here long but I have noticed most higher ups and expats are Norwegian. Not real sure how that would work for growing your career if you international goals
    -Calling IT or reading the webpage is a joke.

    Advice to Management

    Figure something out because what we're doing now is not working.

    Treat field employees like you would want to be treated.

    If there were to be a buy out or optional layoff tomorrow I would take it.


  6. Helpful (1)

    "Just OK"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Accountant in Austin, TX
    Current Employee - Accountant in Austin, TX
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Plenty of opportunities for advancement

    Cons

    "Corporate machine feel"
    Due to constant movement of managers, sometimes team leads arent very experienced in the field

    Advice to Management

    listen and care about your employees


  7. Helpful (3)

    "Engineering Wonder"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Reservoir Engineer in Houston, TX
    Former Employee - Senior Reservoir Engineer in Houston, TX
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Good benefits and company generally

    Cons

    US assets were not properly explored and too much money spent

    Advice to Management

    Choose a strategy that will not result in so much upheaval and risk.

  8. Helpful (1)

    "Dishonest EVP"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I worked at Statoil full-time

    Pros

    Great place to work when EVP was an honest truthful person

    Cons

    EVP came in from Norway was the most dishonest management person I have run into in decades of oil and gas experience. Stood up at town hall and made statements that were totally false about reorganization that was coming. Have observed many managers over the years when talking to a large group of employees be non committal or maybe evasive when presenting at a town hall but prior to the present EVP never witnessed one just flat out lie to employees.

    Advice to Management

    Recognize share holders (which a majority of are your own Norwegian's) are the priority not your own personal gain.


  9. Helpful (1)

    "Worst company imaginable"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Austin, TX
    Former Employee - Anonymous Employee in Austin, TX
    Doesn't Recommend
    Negative Outlook

    I worked at Statoil full-time

    Pros

    Lots of vacation and large company benefits.

    Cons

    Run entirely by Norway. Few chances for leadership roles and treated as second class citizen if you aren't Norwegian. Unethical behavior by inexperienced management (Lack of in-house competence or leadership, so they just copy other companies by hiring their employees). Feels like a constant environment of layoffs and pay cuts.

    Advice to Management

    Give opportunities based on skill and experience rather than national origin.


  10. Helpful (2)

    "Company was great"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Analyst
    Former Employee - Senior Analyst
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    tries to live to the values it states, growing company, room for growth. Was a place I was proud of, and happy to work with the people I work with

    Cons

    They do not compensate the employees for the quality of work. They use to be a place where people wanted to be because of Benefits, family, well being, even though the salary was average nothing to brag about. Now, there is no incentive for the employees to grow and no incententive to stay. Now premiums are being deducted from payroll next year, no hope of the "promised" reward of being over worked with bonus, and removing the incentive to stay bonus after offering, which is why so many came, This makes them less of their values. Its obviously more about their bottom line at this point as we all sacrificed working multiple positions to make up for the lay offs of the negative impact on the industry. What's keeping employees in Oil and gas?

    Advice to Management

    Compensate for roles and work actually conducted daily not what the market considers of the title. Understand the business needs and employee needs. Recqinize the over and beyond workers and listen more to the needs and the work or stress that has to be incurred at your low salary's . Pay attention to the money wasted where it counts instead of impacted the people that ensure operations daily. I see many people leaving soon.


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