of 1 percent from 2008. The decline was associated with reduced demand for jet fuel and fuel oil, principally associated with the downturn in the U.S. economy. Sales volumes of refined products were 1.41 million barrels per day in 2008, a decrease of 3 percent from 2007. Branded gasoline sales volumes of 617,000 barrels per day in 2009 were up about 3 percent and down 2 percent from 2008 and 2007, respectively.

     Refer to the “Selected Operating Data” table on page FS-10 for a three-year comparison of sales volumes of gasoline and other refined products and refinery-input volumes.

International Downstream – Refining, Marketing and Transportation

     International downstream earnings of $838 million in 2009 decreased about $1.2 billion from 2008. An approximate $2.6 billion decline between periods was associated with weaker margins on the sale of gasoline and other refined products and the absence refined products. Foreign-currency effects increased earnings by $193 million in 2008, compared with $62 million in 2007.

     Refined-product sales volumes were 1.85 million barrels per day in 2009, about 8 percent lower than in 2008 due mainly to the effects of asset sales and lower demand. Refined-product sales volumes were 2.02 million barrels per day in 2008, about level with 2007.

     Refer to the “Selected Operating Data” table, on page FS-10, for a three-year comparison of sales volumes of gasoline and other refined products and refinery-input volumes.

Chemicals

     The chemicals segment includes the company’s Oronite subsidiary and the 50 percent-owned Chevron Phillips Chemical Company LLC (CPChem). In 2009, earnings were $409 million, compared with $182 million and $396 million in 2008 and 2007, respectively. For CPChem, the earnings improvement from 2008 to 2009 reflected lower utility and manufacturing costs as well as the absence of an impairment recorded in 2008. These benefits were partially offset by lower margins on the sale of commodity chemicals. For Oronite, earnings increased in 2009 due to higher margins on sales of lubricant and fuel additives, the effect of which more than offset the impact of lower sales volumes. In 2008, segment earnings were $182 million, compared with $396 million in 2007. Earnings declined in 2008 due to lower sales volumes of commodity chemicals by CPChem. Higher expenses for planned maintenance activities also contributed to the earnings decline. Earnings also declined for Oronite due to lower volumes and higher operating expenses

All Other

     All Other includes mining operations, power generation businesses, worldwide cash management and debt financing activities, corporate administrative functions, insurance operations, real estate activities, alternative fuels and technology companies, and the company’s interest in Dynegy, Inc. prior to its sale in May 2007.

     Net charges in 2009 decreased $468 million from 2008 due to lower provisions for environmental remediation at sites that previously had been closed or sold, favorable foreign-currency effects and lower expenses for employee compensation and benefits. Net charges in 2008 increased $1.4 billion from 2007. Results in 2008