Sinochem's core businesses include energy, agriculture, chemicals, real estate and financial service.

Sinochem Group is China's earliest[citation needed] entrant in Fortune Global 500 and has been on the list 25 times, ranking 139th in 2016.

It operates through more than 100 subsidiaries in China and abroad in concerns ranging from petroleum trading to real estate.

[3] On 1 January 1961, after restructuring of MOFTEC's affiliated administrative units and enterprises, China National Import & Export Co was changed into China National Chemicals Import & Export Corp.[3] On 12 June 1965, MOFTEC decided to standardize the names of foreign trade companies.

[5] Funds from the IPO would be put towards the development of an oil refinery in Quanzhou, a port city in Fujian province.

[citation needed] In August 2020, the United States Department of Defense named Sinochem as one of several companies backed by the People's Liberation Army.