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Statoil cuts spending to boost cash, payouts as costs climb

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STAVANGER, Norway (Bloomberg) -- Statoil ASA scaled back spending plans and cut production targets as Norway’s largest oil and gas producer seeks to boost free cash flow and shareholder returns amid rising costs and stagnating energy prices.


Statoil cuts spending to boost cash, payouts as costs climb Statoil cuts spending to boost cash, payouts as costs climb Reviewed by Crude Oil Brokers on 13:39 Rating: 5

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