sister one side is all thats needed,glue and nail with nail gun. If you don't have a nail gun 2 to 2 1/2" drywall screws will work.
A 2x beam is 1 1/2" thick. A 2" drywall screw would only reach 1/2" into the rear joist. That's not going to hold anything, AND drywall screws are NOT meant to be loaded in shear structurally like that.
If you don't have a framing nail gun, then three 3/8" diameter carriage bolts (NOT arranged in a line, or else you would encourage more cracking) on each side of the damage should be ok to use.
Yes, you should check the beam for sag (if it is in need of repair, then you're pretty much guaranteed it has sagged somewhat) before sistering. Very good point raised above by theoldwizard1!
PICTURES will still help a lot.
I'm not sure what you're describing as a sealant, but I have seen sap come out of cracks in framing lumber around here before. It will be pretty hard (like a screwdriver handle), and look a little like amber.
As I said above, beams do not just get dry, and crack in ways that will affect the structure. They can split between the grain, and I've had some framing poorly selected, where a knot made the grain turn out the side of the piece, which started a crack. In these cases, sistering (after jacking it back to straight) was all that was required.
Have you checked for termite damage out of curiosity?