China Petroleum & Chemical Corporation is an energy and chemical company. It operates its businesses through four segments: exploration and production segment, which involves in exploration and mining of original oil and natural gas; oil refining segment, which involves in processing of original oil and production of oil products; marketing and distribution segment, which involves in distribution, wholesaling and retailing of gasoline, diesel oil, kerosene and fuel oil, as well as chemical segment, which involves in manufacture and distribution of petrochemical products and inorganic chemical products. It provides gasoline, diesel oil, kerosene, light oil for chemical industry, lubricant oil, asphalt, petroleum coke, original oil, natural gas, basic chemical raw materials, ethylene and others. The Company is also involved in import and export trading business. On April 2, 2014, it transferred assets of oil sales business to a wholly owned sales subsidiary.