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, 2011
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 22, 2011
[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: 47
Form 13F Information Table Value Total: $810,247
(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
AIR PRODUCTS & CHEMICALS COM 009158106 9,558 100,000 SH SOLE 100,000
ALPHA NATURAL RESOURCES COM 02076X102 4,658 102,500 SH SOLE 102,500
ANADARKO PETROLEUM CORP. COM 032511107 12,665 165,000 SH SOLE 165,000
APACHE CORP. COM 037411105 18,508 150,000 SH SOLE 150,000
BAKER HUGHES, INC. COM 057224107 11,972 165,000 SH SOLE 165,000
CF INDUSTRIES HOLDINGS, COM 125269100 9,927 70,069 SH SOLE 70,069
CHEVRON CORP. COM 166764100 96,670 940,000 SH SOLE 940,000
CLIFFS NATURAL RESOURCES COM 18683K101 17,566 190,000 SH SOLE 190,000
CONOCOPHILLIPS COM 20825C104 26,316 350,000 SH SOLE 350,000
CONSOL ENERGY INC. COM 20854P109 2,245 46,300 SH SOLE 46,300
DEVON ENERGY CORP. COM 25179M103 8,669 110,000 SH SOLE 110,000
DOW CHEMICAL CO. COM 260543103 21,600 600,000 SH SOLE 600,000
ENERGEN CORP. COM 29265N108 10,452 185,000 SH SOLE 185,000
EOG RESOURCES INC. COM 26875P101 12,546 120,000 SH SOLE 120,000
EQT CORP. COM 26884L109 8,403 160,000 SH SOLE 160,000
EXXON MOBIL CORP. COM 30231G102 110,549 1,358,430 SH SOLE 1,358,430
FMC CORP. COM 302491303 11,183 130,000 SH SOLE 130,000
FOREST OIL CORP. COM 346091705 5,342 200,000 SH SOLE 200,000
FREEPORT-MCMORAN COPPER COM 35671D857 27,243 515,000 SH SOLE 515,000
HALLIBURTON CO. COM 406216101 26,775 525,000 SH SOLE 525,000
HESS CORP. COM 42809H107 18,690 250,000 SH SOLE 250,000
KINDER MORGAN INC COM 49456B101 4,453 155,000 SH SOLE 155,000
MARATHON OIL CO. COM 565849106 4,214 80,000 SH SOLE 80,000
MDU RESOURCES GROUP, INC. COM 552690109 7,186 319,400 SH SOLE 319,400
NABORS INDUSTRIES, LTD SHS G6359F103 6,012 244,000 SH SOLE 244,000
NATIONAL FUEL GAS CO. COM 636180101 12,740 175,000 SH SOLE 175,000
NATIONAL OILWELL VARCO COM 637071101 19,553 250,000 SH SOLE 250,000
NEW JERSEY RESOURCES COM 646025106 12,491 280,000 SH SOLE 280,000
NEWFIELD EXPLORATION COM 651290108 5,442 80,000 SH SOLE 80,000
NOBLE ENERGY INC. COM 655044105 20,167 225,000 SH SOLE 225,000
NORTHEAST UTILITIES COM 664397106 7,034 200,000 SH SOLE 200,000
OASIS PETROLEUM, INC. COM 674215108 4,452 150,000 SH SOLE 150,000
OCCIDENTAL PETROLEUM COM 674599105 36,414 350,000 SH SOLE 350,000
PEABODY ENERGY CORP. COM 704549104 8,106 137,600 SH SOLE 137,600
PIONEER NATURAL COM 723787107 12,540 140,000 SH SOLE 140,000
POTASH CORP OF COM 73755L107 16,470 289,000 SH SOLE 289,000
PRAXAIR, INC. COM 74005P104 16,259 150,000 SH SOLE 150,000
QEP RESOURCES, INC COM 74733V100 8,366 200,000 SH SOLE 200,000
QUESTAR CORP COM 748356102 2,768 156,300 SH SOLE 156,300
ROYAL DUTCH SHELL SPONSORED ADR A 780259206 23,794 334,512 SH SOLE 334,512
SCHLUMBERGER LTD COM 806857108 49,680 575,000 SH SOLE 575,000
SOUTHWESTERN ENERGY COM 845467109 8,576 200,000 SH SOLE 200,000
SPECTRA ENERGY CORP. COM 847560109 5,724 208,812 SH SOLE 208,812
TECK RESOURCES LTD CL B 878742204 10,148 200,000 SH SOLE 200,000
TRANSOCEAN LTD. REG SHS H8817H100 14,071 217,953 SH SOLE 217,953
WEATHERFORD INT'L. LTD REG H27013103 8,437 450,000 SH SOLE 450,000
WILLIAMS COMPANIES, INC. COM 969457100 13,612 450,000 SH SOLE 450,000
810,247