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Battered U.S. Oil Firms Raise Most in Equity Sales Since `99

  • Energy companies announced $9.2 billion in stock offerings
  • Biggest share sale binge for sector since at least 1999
Updated on

Wall Street investors are throwing a lifeline to the embattled U.S. energy sector.

U.S. oil and gas companies from Marathon Oil Corp. to Weatherford International Plc have announced plans to raise about $9.2 billion in new equity, the most year-to-date since at least 1999, according to data compiled by Bloomberg.