Chevron reported its quarterly results Friday. Chevron Corp. on Friday said it would cut another 1,000 jobs as it reported a wider-than-expected loss as oil prices continued to languish during the first quarter. The newly announced layoffs, which will happen later this year, will bring Chevron’s job cuts to 8,000 employees, or 12% of its workforce. Shares in the second-largest energy company in the U.S. by revenue fell 1.5% to $100.91 in premarket trading. Chief Executive John Watson said the company’s upstream business was impacted by a more than 35% decline in crude-oil prices. The company’s average sales price per barrel of crude oil and natural gas liquids was $26 in the first quarter, down from $43 a year earlier. “Our downstream operations continued to perform well, although overall industry conditions and margins this quarter were weaker than a year ago,” said Mr. Watson. Chevron said late last year […]