Chevron Corp. said its fourth-quarter profit fell 32% as the energy giant reported lower global production and weaker refined products margins. Though profit for the period met Wall Street’s expectations, revenue missed expectations by nearly $9 billion. Chevron’s global oil-equivalent production for the fourth quarter fell to 2.58 million barrels a day from 2.67 million barrels a day a year earlier, hurt by lower production in the U.S. and abroad. Chevron, the second-largest U.S. oil company in market value after Exxon Mobil Corp. , had previously signaled fourth-quarter global oil and gas production was poised to decline from year-ago levels, while commodity prices were also on pace to be slightly lower. “Global crude oil prices and refining margins were generally lower in 2013 than 2012,” Chairman and Chief Executive John Watson said. “These conditions, as well as lower gains on asset sales and higher expenses, resulted in lower earnings.” […]