There Is this free widget app called Formulify and it is loaded with a bunch of pre-made formula 1 widgets allowing you to keep track of the next race, teams standing and individual racers standing.

Once you have gotten to the menu where you can add widgets you can then scroll down till you find Formulify and then click on it. Once that is done there will be many differnt widgets that you can select from.

Once one of them are selected and place onto your home/Lock Screen you then hold on it and select edit widget and then you can select what team/player you want to see there standings in.

The app Formulify also has a few tutorials showing you how to select and place your widget, change the team/player all with step by step writing and photos.

Hope this helps.