Statoil Reviews | Glassdoor

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Statoil Reviews

Updated January 13, 2018
125 reviews

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125 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 (2)

    "Values"

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

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

    Pros

    Flexible employer
    Some genuinely good people working around the world
    "Greenest" of the petroleum industry

    Cons

    Clings to employees/leaders despite bad track records and unprofessional behavior
    Very difficult to reward good performance

    Advice to Management

    Clean house and practice what you preach.


  2. Helpful (6)

    "culture"

    StarStarStarStarStar
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend

    I have been working at Statoil full-time

    Pros

    very good work life balance and benifits

    Cons

    not focus on technical. too bureaucratic. talent is not much valued.

  3. Helpful (7)

    "Poor Management Throughout Company"

    StarStarStarStarStar
    • 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
    Disapproves of CEO

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

    Pros

    Few unfortunately. If you are 'average' and Norwegian, this is probably a good fit but not recommended for high caliber folks from other countries. Good vacation packages, especially on the Norwegian side of the house where it seems employees are on perpetual vacation or holiday. Friendly people throughout organization.

    Cons

    Most management is lower caliber than in comparable size organizations in the US. US employees are third class citizens - heavy Norwegian bias persists in almost every aspect of the job, very few opportunities, low stability for an organization of its size, very few self-motivated individuals, low morale - especially in US.

    Advice to Management

    US employees are treated like third class citizens. Bureaucracy is among worst of any large organization.


  4. Helpful (8)

    "Accounting Review"

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

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

    Pros

    Good benefit. Ok salary. Work life balance except for quarter close

    Cons

    Terrible management. No processes. No one knows anything. I regretted accepting this offer over others. Company uses SAP but system isn't functioning at utmost best. The blame game company. Finger pointing. Great employees hired lately but poor management and no system makes it hard to function. I wish to leave soon. Everyone is waiting for Oil price to go up and leave. High TurnOver. Not a company to be. It's a terrible work environment

    Advice to Management

    Change all management and stop changing staff. Management are not qualified and don't know what they doing.


  5. Helpful (7)

    "Management sucks! Which is sad bc Great Benefits"

    StarStarStarStarStar
    • 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
    Approves of CEO

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

    Pros

    Benefits package is good.

    Cons

    GBS leaders, some not all are just downright horrible. It's obvious that they got the jobs by default. The employee morale is low. Zero respect from management. They abosolutely do not live by the core values

    Advice to Management

    Hire EXPERIENCED and QUALIFIED managers. Don't promote just cause they've been with the company and are very technical. Management skills and training are a must!


  6. Helpful (3)

    "Smokes and Mirrors"

    StarStarStarStarStar
    • 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
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Good work/life balance, some processes actually seem to work (annual reviews), benefits good. The old EVP was very personable and approachable and really cared about people.

    Cons

    When I first joined this company a few years ago we all commented on how wonderful it was. Then things started to change. Incompetent management at the upper level is the main cause. Statoil pays lip service to values but there's no visible commitment. Personnel is on another planet. Mid management seem OK but upper seems to have no direction. There exist processes about processes, and it's hard to get anything done. The re-org has been handled terribly, it took too long and now the onshore team is being moved. Family values? Don't make me laugh!

    Advice to Management

    Live the values, recognize people who deliver, get rid of management who are out of their depth and work out who is not contributing. Decent management can see this but some have been promoted into areas where they can't cope. PowerPoint skills do not make good mangers!


  7. "Reservoir Engineer"

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

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

    Pros

    The culture and benefits are great. Statoil really tries to take care of their employees. I like that the rating is also based on behavior so the values that they preach carry through in employee's evaluations. Management encourages new ideas and is not afraid to try new things.

    Cons

    The lack of communication that sometimes exists between corporate and the rest of the assets hinders the employee's morale.

    Advice to Management

    Statoil does a great job of taking care of people and letting them express new ideas overall but sometimes that culture does not carry out in all the assets of the company.

  8. "Great Work life balance and opportunities"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Contractor - Anonymous Contractor
    Current Contractor - Anonymous Contractor
    Recommends
    Positive Outlook

    I have been working at Statoil as a contractor

    Pros

    Great work life balance, fast paced, lots of opportunities for growth

    Cons

    Lots of firefighting due to lack of efficient processes

    Advice to Management

    Take the time to develop some standard processes that apply across the company.


  9. Helpful (2)

    "Great Company!"

    StarStarStarStarStar
    • 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.


  10. Helpful (9)

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

    StarStarStarStarStar
    • 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.


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