Marathon Oil Corp. plans to cut spending in 2015, the latest energy company to slim its spending plans amid tumbling oil prices. The Houston energy producer said it plans to spend $4.3 billion to $4.5 billion in capital projects, or about 20% less than in the current year, excluding its Norwegian business, which it sold in June for more than $2 billion amid a shift to focus operations on the U.S. Still, Marathon expects production to rise in the high-single digits, excluding its Libya operations. Last week, ConocoPhillips said it planned to cut capital spending also by 20% to $13.5 billion. Marathon’s shares closed at $26.67 on Wednesday, down 24% for the year. Write to Maria Armental at [email protected]