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Marathon Oil (MRO) Stock Climbs on $950 Million in Assets Sales

NEW YORK (TheStreet) -- Marathon Oil (MRO - Get Report) stock is rising by 3.36% to $12.06 in early-morning trading on Tuesday, after the company reached agreements to sell non-core assets for $950 million, bringing its total sales from divestitures to roughly $1.3 billion since last year.

Marathon Oil has now surpassed its targeted range of non-core asset sales between $750 million and $1 billion, CEO Lee Tillman said in a statement. Energy companies have turned to asset sales to better contend with plunging oil prices.

The oil and natural gas company will divest all of...


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