Chesapeake Energy Corp. on Monday slashed its 2015 capital budget by more than 10% and sharply lowered its production outlook, becoming the latest energy company to do so in response to lower oil prices. Separately, billionaire investor Carl Icahn said he has boosted his stake in Chesapeake Energy to nearly 11% from nearly 10%. Mr. Icahn now owns 73.1 million Chesapeake shares, financial filings show, but he isn’t the company’s largest investor. The No. 1 spot still belongs to Southeastern Asset Management Inc., which has 76 million share, or an 11.4% stake. Oil producers have announced plans to curb billions of dollars in capital spending this year, aimed in part at stabilizing the recent declines in energy prices. The Oklahoma City-based oil and natural gas driller reduced its spending plans to between $3.5 billion and $4 billion, down from a previous range of $4 billion to $4.5 billion. The […]