UNITED STATES
SECURITIES & EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 30, 2010
Check here if Amendment [ ];Amendment Number:
This amendment (Check only one) : [ ] is a restatement
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Petroleum & Resources Corporation
Address: 7 St. Paul Street, Suite 1140
Baltimore, MD 21202
Form 13F File Number: 28-596
The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Christine M. Sloan
Title: Assistant Treasurer
Phone: (410) 752-5900
Signature, Place, and Date of Signing:
/s/ Christine M. Sloan Baltimore, MD July 27, 2010
[Signature] [City, State] [Date]
Report Type (Check only one):
[X] 13F HOLDINGS REPORT. (Check here if all holdings of this
reporting manager are reported in this report).
[ ] 13F NOTICE. (Check here if no holdings reported are in this
report, and all holdings are reported by other reporting
manager(s).)
[ ] 13F COMBINATION REPORT. (Check here if a portion of the
holdings for this reporting manager are reported in this report
and a portion are reported by other reporting manager(s).)
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 43
Form 13F Information Table Value Total: $537,679 (in thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
NONE.
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
NAME OF ISSUER TITLE CUSIP VALUE SHRS OR SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
OF CLASS (x $1000) PRN AMT PRN CALL DISCRETN MANAGER SOLE SHARED NONE
AGL RESOURCES INC. COM 001204106 5,910 165,000 SH SOLE 165,000
ANADARKO PETROLEUM CORP. COM 032511107 10,827 300,000 SH SOLE 300,000
APACHE CORP. COM 037411105 16,838 200,000 SH SOLE 200,000
BAKER HUGHES, INC. COM 057224107 4,365 105,000 SH SOLE 105,000
CHEVRON CORP. COM 166764100 63,788 940,000 SH SOLE 940,000
CLIFFS NATURAL RESOURCES INC. COM 18683K101 6,555 139,000 SH SOLE 139,000
CONOCOPHILLIPS COM 20825C104 17,181 350,000 SH SOLE 350,000
CONSOL ENERGY INC. COM 20854P109 4,220 125,000 SH SOLE 125,000
DEVON ENERGY CORP. COM 25179M103 6,701 110,000 SH SOLE 110,000
DOW CHEMICAL CO. COM 260543103 7,609 320,800 SH SOLE 320,800
ENERGEN CORP. COM 29265N108 11,083 250,000 SH SOLE 250,000
EOG RESOURCES INC. COM 26875P101 11,804 120,000 SH SOLE 120,000
EQT CORP. COM 26884L109 10,842 300,000 SH SOLE 300,000
EXXON MOBIL CORP. COM 30231G102 72,389 1,268,430 SH SOLE 1,268,430
FOREST OIL CORP. COM 346091705 2,736 100,000 SH SOLE 100,000
FREEPORT-MCMORAN COPPER & GOLD COM 35671D857 16,261 275,000 SH SOLE 275,000
HALLIBURTON CO. COM 406216101 9,820 400,000 SH SOLE 400,000
HESS CORP. COM 42809H107 12,585 250,000 SH SOLE 250,000
INTERNATIONAL COAL GROUP COM 45928H106 11,550 3,000,000 SH SOLE 3,000,000
MASSEY ENERGY CO. COM 576206106 4,718 172,500 SH SOLE 172,500
MDU RESOURCES GROUP, INC. COM 552690109 6,761 375,000 SH SOLE 375,000
NABORS INDUSTRIES, LTD SHS G6359F103 9,162 520,000 SH SOLE 520,000
NATIONAL FUEL GAS CO. COM 636180101 9,176 200,000 SH SOLE 200,000
NATIONAL OILWELL VARCO COM 637071101 4,581 138,538 SH SOLE 138,538
NEW JERSEY RESOURCES CORP. COM 646025106 10,208 290,000 SH SOLE 290,000
NEWFIELD EXPLORATION CO. COM 651290108 2,443 50,000 SH SOLE 50,000
NOBLE CORP. SHS H5833N103 8,346 270,000 SH SOLE 270,000
NOBLE ENERGY INC. COM 655044105 15,686 260,000 SH SOLE 260,000
NORTHEAST UTILITIES COM 664397106 5,096 200,000 SH SOLE 200,000
OASIS PETROLEUM, INC. COM 674215108 2,900 200,000 SH SOLE 200,000
OCCIDENTAL PETROLEUM CORP. COM 674599105 30,374 393,700 SH SOLE 393,700
PIONEER NATURAL RESOURCES COM 723787107 8,323 140,000 SH SOLE 140,000
POTASH CORP. OF SASKATCHEWAN COM 73755L107 7,762 90,000 SH SOLE 90,000
PRAXAIR, INC. COM 74005P104 14,933 196,508 SH SOLE 196,508
QUESTAR CORP. COM 748356102 10,918 240,000 SH SOLE 240,000
ROYAL DUTCH SHELL PLC-ADR SPONS ADR A 780259206 16,206 322,700 SH SOLE 322,700
SCHLUMBERGER LTD. COM 806857108 26,287 475,000 SH SOLE 475,000
SOUTHWESTERN ENERGY COM 845467109 5,193 134,400 SH SOLE 134,400
SPECTRA ENERGY CORP. COM 847560109 4,191 208,812 SH SOLE 208,812
TOTAL S.A. SPONSORED ADR 89151E109 7,232 162,000 SH SOLE 162,000
TRANSOCEAN LTD. REG SHS H8817H100 11,951 257,953 SH SOLE 257,953
WEATHERFORD INT'L. LTD REG H27013103 3,942 300,000 SH SOLE 300,000
WILLIAMS COMPANIES, INC. COM 969457100 8,226 450,000 SH SOLE 450,000
537,679