FORM N-PX

FORM N-PX

 

 

ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number: 811-02736
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PETROLEUM & RESOURCES CORPORATION
-------------------------------------------------------------------------
(Exact name of registrant as specified in charter)

 

 

7 Saint Paul Street, Suite 1140, Baltimore, Maryland 21202
-------------------------------------------------------------------------
(Address of principal executive offices)

 

 

Lawrence L. Hooper, Jr.
Petroleum & Resources Corporation
7 Saint Paul Street, Suite 1140
Baltimore, Maryland 21202
-------------------------------------------------------------------------
(Name and address of agent for service)

 

 

Registrant's telephone number, including area code: (410) 752-5900
Date of fiscal year end: December 31, 2008
Date of reporting period: July 1, 2007 - June 30, 2008

 

 

Item 1. Proxy Voting Record

Description

Proposal
Type
(Mgmt
or Shldr)

Voted
(Yes or No)

Vote
(For, Agnst, Abstain,
For All - Dirs., Withheld
Elec Of Dirs.)

For/
Agnst
Mgmt

Issuer: AGL Resources Inc.

Ticker: ATG

CUSIP: 001204-10-6

Meeting Date: 04/11/2008

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Issuer: Air Products and Chemicals, Inc.

Ticker: APD

CUSIP: 009158-10-6

Meeting Date: 01/24/2008

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Issuer: Apache Corporation

Ticker: APA

CUSIP: 037411-10-5

Meeting Date: 05/08/2008

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Proposal concerning reimbursement of proxy expenses

SHLDR

YES

AGNST

FOR

Issuer: Aqua America, Inc.

Ticker: WTR

CUSIP: 03836W-20-3

Meeting Date: 05/15/2008

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Issuer: Baker Hughes Incorporated

Ticker: BHI

CUSIP: 057224-10-7

Meeting Date: 03/26/2008

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Proposal to approve the performance criteria for awards under the 2002 Director & Officer Long-Term Incentive Plan

MGMT

YES

FOR

FOR

Issuer: BJ Services Company

Ticker: BJS

CUSIP: 055482-10-3

Meeting Date: 02/07/2008

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

To approve the BJ Services Company 2008 Employee Stock Purchase Plan

MGMT

YES

FOR

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Issuer: Chevron Corporation

Ticker: CVX

CUSIP: 166764-10-0

Meeting Date: 05/28/2008

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Proposal to amend Chevron's Restated Certificate of Incorporation to increse the number of authorized shares.

MGMT

YES

FOR

FOR

Adopt policy to separate CEO/Chairman positions

SHLDR

YES

AGAINST

FOR

Report on environmental impact of Canadian oil sands operations

SHLDR

YES

AGAINST

FOR

Adopt goals and report on greenhouse gas emissions

SHLDR

YES

AGAINST

FOR

Review and report on guidelines for country selection

SHLDR

YES

AGAINST

FOR

Report on host country laws

SHLDR

YES

AGAINST

FOR

Issuer: ConocoPhillips

Ticker: COP

CUSIP: 20825C-10-4

Meeting Date: 05/14/2008

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Amend amended and restated by-laws and restated certificate of incorporation to provide for the annual election of Directors

MGMT

YES

FOR

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Qulifications for Director nominees

SHLDR

YES

AGNST

FOR

Report on recognition of indigenous rights

SHLDR

YES

AGNST

FOR

Advisory vote on executive compensation

SHLDR

YES

AGNST

FOR

Political Contributions

SHLDR

YES

AGNST

FOR

Greenhouse gas reduction

SHLDR

YES

AGNST

FOR

Community Accountability

SHLDR

YES

AGNST

FOR

Drilling in sensitive/protected areas

SHLDR

YES

AGNST

FOR

Environmental impact

SHLDR

YES

AGNST

FOR

Global warming

SHLDR

YES

AGNST

FOR

Issuer: Devon Energy Corporation

Ticker: DVN

CUSIP: 25179M-10-3

Meeting Date: 06/04/2008

Election of Directors

MGMT

YES

FOR ALL- DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Amend restated certificate of incorporation to increase the number of authorized shares of common stock

MGMT

YES

FOR

FOR

Amend the restated certificate of incorporation to provide for the annual election of directors

MGMT

YES

FOR

FOR

Issuer: Duke Energy Corporation

Ticker: DUK

CUSIP: 264399-10-6

Meeting Date: 05/08/2008

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Approval of the amended and restated Duke Energy Corporation Executive Short-Term Incentive Plan

MGMT

YES

FOR

FOR

Issuer: E. I. du Pont de Nemours and Company

Ticker: DD

CUSIP: 263534-10-9

Meeting Date: 04/30/2008

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Proposal on Plant Closure

SHLDR

YES

AGNST

FOR

Proposal on separation of positions of Chairman and CEO

SHLDR

YES

AGNST

FOR

Proposal on Global Warming Report

SHLDR

YES

AGNST

FOR

Proposal on amendment to Human Rights Policy

SHLDR

YES

AGNST

FOR

Proposal on Shareholder say on Executive pay

SHLDR

YES

AGNST

FOR

Issuer: Energen Corporation

Ticker: EGN

CUSIP: 29265N-10-8

Meeting Date: 04/23/2008

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Issuer: Ensco International Incorporated

Ticker: ESV

CUSIP: 26874Q-10-0

Meeting Date: 05/22/2008

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Issuer: EOG Resources, Inc.

Ticker: EOG

CUSIP: 26875P-10-1

Meeting Date: 05/08/2008

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Approve the EOG Resources, Inc. 2008 Omnibus Equity Compensation Plan

MGMT

YES

FOR

FOR

Issuer: Equitable Resources, Inc.

Ticker: EQT

CUSIP: 294549-10-0

Meeting Date: 04/23/2008

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Issuer: Exxon Mobil Corporation

Ticker: XOM

CUSIP: 30231G-10-2

Meeting Date: 05/28/2008

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Shareholder proposals prohibited

SHLDR

YES

AGAINST

FOR

Director nominee qualifications

SHLDR

YES

AGAINST

FOR

Board Chairman and CEO

SHLDR

YES

AGAINST

FOR

Shareholder return policy

SHLDR

YES

AGAINST

FOR

Shareholder advisory vote on executive compensation

SHLDR

YES

AGAINST

FOR

Executive compensation report

SHLDR

YES

AGAINST

FOR

Incentive pay recoupment

SHLDR

YES

AGAINST

FOR

Corporate sponsorships report

SHLDR

YES

AGAINST

FOR

Political contributions report

SHLDR

YES

AGAINST

FOR

Amendment of EEO policy

SHLDR

YES

AGAINST

FOR

Community environmental impact

SHLDR

YES

AGAINST

FOR

ANWR drilling report

SHLDR

YES

AGAINST

FOR

Greenhouse gas emissions goals

SHLDR

YES

AGAINST

FOR

CO2 information at the pump

SHLDR

YES

AGAINST

FOR

Climate change and technology report

SHLDR

YES

AGAINST

FOR

Energy technology report

SHLDR

YES

AGAINST

FOR

Renewable energy policy

SHLDR

YES

AGAINST

FOR

Issuer: Florida Rock Industries, Inc. (Special Mtg.)

Ticker: FRK

CUSIP: 341140-10-1

Meeting Date: 08/14/2007

Approval of the agreement and plan of merger.

MGMT

YES

FOR

FOR

Approval of a proposal to adjourn the special meeting, if necessary.

MGMT

YES

FOR

FOR

Issuer: Forest Oil Corporation

Ticker: FST

CUSIP: 346091-70-5

Meeting Date: 5/08/08

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Issuer: General Electric Company

Ticker: GE

CUSIP: 369604-10-3

Meeting Date: 04/23/2008

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Proposal regarding Cumulative Voting

SHLDR

YES

AGNST

FOR

Proposal regarding separating the roles of CEO and Chairman

SHLDR

YES

AGNST

FOR

Proposal regarding recouping Unearned Management Bonuses

SHLDR

YES

AGNST

FOR

Proposal regarding curbing over-extended Directors

SHLDR

YES

AGNST

FOR

Proposal regarding report on Charitable Contributions

SHLDR

YES

AGNST

FOR

Proposal regarding the advisory vote on Executive Compensation

SHLDR

YES

AGNST

FOR

Issuer: GlobalSantaFe Corporation

Ticker: GSF

CUSIP: G3930E-10-1

Meeting Date: 11/09/2007

Proposal regarding merger with Transocean - convened in accordance with Cayman Islands Court

MGMT

YES

FOR

FOR

Proposal regarding merger with Transocean - convened in accordance with the Articles of Association

MGMT

YES

FOR

FOR

Issuer: Grant Prideco, Inc. (Special Meeting)

Ticker: GRP

CUSIP: 38821G-10-1

Meeting Date: 04/21/2008

Adoption of merger agreement: To approve and adopt the agreement and plan of merger.

MGMT

YES

FOR

FOR

Issuer: Hess Corporation

Ticker: HES

CUSIP: 023551-10-4

Meeting Date: 05/08/2008

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Proposal to declassify the Board of Directors

MGMT

YES

FOR

FOR

Approval of the 2008 Long-Term Incentive Plan

MGMT

YES

FOR

FOR

International Coal Group, Inc.

Ticker: ICO

CUSIP: 45928H-10-6

Meeting Date: 05/14/2008

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Other business

MGMT

YES

FOR

FOR

Issuer: The Lubrizol Corportation

Ticker: LZ

CUSIP: 549271-10-4

 

Meeting Date: 04/28/2008

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Proposal requesting the necessary steps to cause the annual election of all directors

SHLDR

YES

FOR

AGNST

Issuer: Marathon Oil Corporation

Ticker: MRO

CUSIP: 565849-10-6

Meeting Date: 04/30/2008

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Proposal to amend Company By-Laws to allow stockholders to call special meetings

SHLDR

YES

AGNST

FOR

Proposal to adopt a policy for ratification of executive compensation

SHLDR

YES

AGNST

FOR

Issuer: MDU Resources Group, Inc.

Ticker: MDU

CUSIP: 552690-10-9

Meeting Date: 04/22/2008

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Issuer: Murphy Oil Corporation

Ticker: MUR

CUSIP: 626717-10-2

Meeting Date: 05/14/2008

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Proposed 2008 Stock Plan for non-employee directors

MGMT

YES

FOR

FOR

Proposal concerning the company's non-discrimination in employment policy

SHLDR

YES

AGNST

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Issuer: Nabors Industries Ltd.

Ticker: NBR

CUSIP: G6359F-10-3

Meeting Date: 06/03/08

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Shareholder proposal to adopt a pay for superior performance standard for senior executives.

SHLDR

YES

AGAINST

FOR

Shareholder proposal regarding gross-up payments to senior executives

SHLDR

YES

AGAINST

FOR

Issuer: National Fuel Gas Company

Ticker: NFG

CUSIP: 636180-10-1

Meeting Date: 2/21/2008

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Issuer: New Jersey Resources Corporation

Ticker: NJR

CUSIP: 646025-10-6

Meeting Date: 01/23/2008

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Issuer: Noble Corporation

Ticker: NE

CUSIP: G65422-10-0

Meeting Date: 05/01/2008

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Issuer: Noble Energy, Inc.

Ticker: NBL

CUSIP: 655044-10-5

Meeting Date: 04/22/2008

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Issuer: Northeast Utilities

Ticker: NU

CUSIP: 664397-10-6

Meeting Date: 05/13/08

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Issuer: Occidental Petroleum Corporation

Ticker: OXY

CUSIP: 674599-10-5

Meeting Date: 05/02/2008

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Proposal regarding Scientific report on global warming

SHLDR

YES

AGNST

FOR

Proposal regarding Advisory vote on executive compensation

SHLDR

YES

AGNST

FOR

Proposal regarding Independence of compensation consultants

SHLDR

YES

AGNST

FOR

Proposal regarding Pay-for-superior-performance principle

SHLDR

YES

AGNST

FOR

Proposal regarding Special shareholder meetings.

SHLDR

YES

AGNST

FOR

Issuer: Questar Corporation

Ticker: STR

CUSIP: 748356-10-2

Meeting Date: 05/20/2008

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Declassification of Board of Directors

SHLDR

YES

FOR

AGNST

Issuer: Rohm and Haas Company

Ticker: ROH

CUSIP: 775371-10-7

Meeting Date: 05/05/2008

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Issuer: Royal Dutch Shell plc

Ticker: RD

CUSIP: 780257-80-4

Meeting Date: 05/20/2008

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Remunerations of Auditors

MGMT

YES

FOR

FOR

Authority to allot Shares

MGMT

YES

FOR

FOR

Disapplications of pre-emption rights

MGMT

YES

FOR

FOR

Authority to purchase own shares

MGMT

YES

FOR

FOR

Authority for certain donations and expenditures

MGMT

YES

FOR

FOR

Amendments to long-term incentive plan

MGMT

YES

FOR

FOR

Amendments to restricted share plan

MGMT

YES

FOR

FOR

Adoption of new articles of association

MGMT

YES

FOR

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Issuer: Spectra Energy Corporation

Ticker: SE

CUSIP: 847560-10-9

Meeting Date: 10/31/2007

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Issuer: Spectra Energy Corporation

Ticker: SE

CUSIP: 847560-10-9

Meeting Date: 05/08/2008

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Approval of the Spectra Energy Corp Executive Long-Term Incentive Plan

MGMT

YES

AGNST

AGNST

Approval of the Spectra Energy Corp Executive Short-Term Incentive Plan

MGMT

YES

FOR

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Issuer: Suncor Energy Inc.

Ticker: SU

CUSIP: 867229-10-6

Meeting Date: 04/22/2008

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Amendment and restatement of shareholders rights plan.

MGMT

YES

FOR

FOR

Amendment of articles: Two for one division of common shares.

MGMT

YES

FOR

FOR

Issuer: Total S.A.

Ticker: TOT

CUSIP: 89151E-10-9

Meeting Date: 05/16/2008

Approval of Financial Statements

MGMT

YES

FOR

FOR

Approval of Consolidated Financial Statements

MGMT

YES

FOR

FOR

Allocations of Earnings, declaration of dividend

MGMT

YES

FOR

FOR

Agreements covered by Article L.225-38 of the French Commercial Code

MGMT

YES

FOR

FOR

Commitments under Article L.225-38 of the French Commercial Code concerning Mr. Desmarest

MGMT

YES

FOR

FOR

Commitments under Article L.225-38 of the French Commercial Code concerning Mr. de Margerie

MGMT

YES

FOR

FOR

Authorization for the Board of Directors to trade shares of the Company

MGMT

YES

FOR

FOR

Election of directors

MGMT

YES

FOR ALL-DIRS

FOR

Delegation of authority granted to the Board of Directors to increase share capital.

MGMT

YES

FOR

FOR

Delegation of authority granted to the Board of Directors to increase share capital without preferential subscription rights

MGMT

YES

FOR

FOR

Delegation of powers granted to the Board of Directors to increase share capital by issuing common shares.

MGMT

YES

FOR

FOR

Delegation of authority granted to the board of directors to increase share capital under the conditions provided for in article 443-5 of the French Labor Code

MGMT

YES

FOR

FOR

Authorization for the Board of Directors to grant restricted shares of the company to employees and executive officers.

MGMT

YES

FOR

FOR

Removal of Director Jeancourt-Galignani

SHLDR

YES

AGAINST

FOR

Addition of a final paragraph ot Article 12 of the Company's Articles of Association to ensure statistics are published identifying the directors' attendance at meetings of the Board and committees

SHLDR

YES

AGAINST

FOR

Authorization to grant restricted shares of the Company to all employees of the Group

SHLDR

YES

AGAINST

FOR

Issuer: Transocean, Inc.

Ticker: RIG

CUSIP: G90073-10-0

Meeting Date: 04/26/2007

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Issuer: Weatherford International LTD.

Ticker: WFT

CUSIP: G95089-10-1

Meeting Date: 06/02/08

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Issuer: The Williams Companies, Inc.

Ticker: WMB

CUSIP: 969457-10-0

Meeting Date: 05/15/2008

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Issuer: XTO Energy Inc.

Ticker: XTO

CUSIP: 98385X-10-6

Meeting Date: 05/20/2008

Election of Directors

MGMT

YES

FOR ALL- DIRS

FOR

Approval of Stock Incentive Plan as amended and restated as of May 20, 2008

MGMT

YES

FOR

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Proposal to declassify the Board of Directors

SHLDR

YES

FOR

AGNST

 

SIGNATURES:

Pursuant to the requirements of the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

PETROLEUM & RESOURCES CORPORATION
-------------------------------------------------------------------------

(Registrant)

 

BY:

/s/ Douglas G. Ober

 

---------------------------------------------------

 

Douglas G. Ober

 

Chief Executive Officer

 

(Principal Executive Officer)

   

DATE:

July 10, 2008