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Statoil (STO) says it expects to invest $18B in capital expenditures in 2012 due to higher...

Statoil (STO) says it expects to invest $18B in capital expenditures in 2012 due to higher activity, as it posted a slightly lower Q2 net profit. STO says that even though a large economic crisis isn't expected, the company can handle it if oil and gas prices drop for a long period: "The first line of defense is always to have a lot of money available, and we have." STO +2.6% premarket.
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