Marathon Oil (MRO +2.9%) reportedly is exploring a sale of ~30% of a venture that comprises the...

|About: Marathon Oil Corporation (MRO)|By:, SA News Editor

Marathon Oil (MRO +2.9%) reportedly is exploring a sale of ~30% of a venture that comprises the bulk of its Gulf of Mexico assets, and is gauging the interest of several potential buyers in Asia. The stake sale may raise up to $1B; the company says it wants to sell $1.5B-$3B in assets over the next two to three years to reinvest in core operations.