Chevron Corp. said it’s cutting about 10 percent of its workforce and scaled back its long-term production target amid the worst oil-market slump since the 1980s even as the company posted third-quarter profit that surpassed analysts’ expectations. Chevron said in a statement Friday that it will eliminate 6,000 to 7,000 jobs, the deepest cuts since the 2001 Texaco Inc. merger that created the company in its modern incarnation. Those numbers include a workforce reduction of 1,500 announced earlier this year. Oil and gas output will rise by 13 percent to 15 percent through the end of 2017, rather than the previously forecasted 20 percent production growth, the company said in a slide presentation. The company earned $1.09 a share, 33 cents more than the average of 21 analysts’ estimates compiled by Bloomberg. Profit from refining oil into fuels jumped 59 percent to $2.2 billion. Spending in 2016 will be […]