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Actionable news in CHK: CHESAPEAKE ENERGY Corp,

Chesapeake cuts 2015 budget to cope with weak oil and gas prices

Chesapeake Energy Corporation's 50 acre campus is seen in Oklahoma City, Oklahoma, on April 17, 2012.

Oil and gas producer Chesapeake Energy Corp (CHK.N) cut its 2015 capital budget for the second time this year to cope with a slump in oil and gas prices, but raised its production forecast.

The company also wrote down the value of some oil and gas assets by $5.42 billion in the latest quarter, adding to...


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