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, 2012
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 30, 2012
[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: 52
Form 13F Information Table Value Total: $685,370
(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, INC. COM 009158106 8,073 100,000 SH SOLE 100,000
ANADARKO PETROLEUM CORP. COM 032511107 19,860 300,000 SH SOLE 300,000
APACHE CORP. COM 037411105 14,062 160,000 SH SOLE 160,000
BAKER HUGHES, INC. COM 057224107 2,466 60,000 SH SOLE 60,000
CF INDUSTRIES HOLDINGS, INC. COM 125269100 16,287 84,069 SH SOLE 84,069
CHEVRON CORP. COM 166764100 90,730 860,000 SH SOLE 860,000
CLIFFS NATURAL RESOURCES COM 18683K101 6,999 142,000 SH SOLE 142,000
CONOCOPHILLIPS COM 20825C104 13,970 250,000 SH SOLE 250,000
DEVON ENERGY CORP. COM 25179M103 7,829 135,000 SH SOLE 135,000
DOW CHEMICAL CO. COM 260543103 17,325 550,000 SH SOLE 550,000
ENERGEN CORP. COM 29265N108 7,898 175,000 SH SOLE 175,000
EOG RESOURCES, INC. COM 26875P101 11,714 130,000 SH SOLE 130,000
EQT CORP. COM 26884L109 7,508 140,000 SH SOLE 140,000
EXXON MOBIL CORP. COM 30231G102 124,798 1,458,430 SH SOLE 1,458,430
FMC CORP. COM 302491303 13,905 260,000 SH SOLE 260,000
FOREST OIL CORP. COM 346091705 1,466 200,000 SH SOLE 200,000
FREEPORT-MCMORAN COPPER & GOLD COM 35671D857 16,592 487,000 SH SOLE 487,000
HALLIBURTON CO. COM 406216101 12,137 427,500 SH SOLE 427,500
HESS CORP. COM 42809H107 9,776 225,000 SH SOLE 225,000
KINDER MORGAN INC. COM 49456B101 8,055 250,000 SH SOLE 250,000
LYONDELLBASELL INDUSTRIES N.V. SHS-A N53745100 5,436 135,000 SH SOLE 135,000
MARATHON OIL CORP. COM 565849106 4,475 175,000 SH SOLE 175,000
MARATHON PETROLEUM CORP. COM 56585A102 8,535 190,000 SH SOLE 190,000
MDU RESOURCES GROUP, INC. COM 552690109 4,560 211,000 SH SOLE 211,000
MIDSTATES PETROLEUM CO., INC. COM 59804T100 2,185 225,000 SH SOLE 225,000
MOLYCORP, INC. COM 608753109 1,935 89,800 SH SOLE 89,800
NABORS INDUSTRIES, LTD. SHS G6359F103 1,714 119,000 SH SOLE 119,000
NATIONAL FUEL GAS CO. COM 636180101 4,698 100,000 SH SOLE 100,000
NATIONAL OILWELL VARCO, INC. COM 637071101 16,110 250,000 SH SOLE 250,000
NEW JERSEY RESOURCES CORP. COM 646025106 12,211 280,000 SH SOLE 280,000
NEWFIELD EXPLORATION CO. COM 651290108 2,345 80,000 SH SOLE 80,000
NOBLE ENERGY, INC. COM 655044105 16,116 190,000 SH SOLE 190,000
OASIS PETROLEUM, INC. COM 674215108 3,627 150,000 SH SOLE 150,000
OCCIDENTAL PETROLEUM CORP. COM 674599105 30,877 360,000 SH SOLE 360,000
OIL STATES INTERNATIONAL, INC. COM 678026105 9,268 140,000 SH SOLE 140,000
PEABODY ENERGY CORP. COM 704549104 4,719 192,440 SH SOLE 192,440
PHILLIPS 66 COM 718546104 4,155 125,000 SH SOLE 125,000
PIONEER NATURAL RESOURCES CO. COM 723787107 8,821 100,000 SH SOLE 100,000
POTASH CORP OF SASKATCHEWAN COM 73755L107 10,486 240,000 SH SOLE 240,000
PRAXAIR, INC. COM 74005P104 16,309 150,000 SH SOLE 150,000
QEP RESOURCES, INC. COM 74733V100 5,694 190,000 SH SOLE 190,000
QUESTAR CORP COM 748356102 3,260 156,300 SH SOLE 156,300
ROYAL DUTCH SHELL SPONS ADR A 780259206 12,452 184,662 SH SOLE 184,662
SCHLUMBERGER LTD COM 806857108 37,323 575,000 SH SOLE 575,000
SEADRILL LTD. SHS G7945E105 7,104 200,003 SH SOLE 200,003
SOUTHWESTERN ENERGY CO. COM 845467109 1,756 55,000 SH SOLE 55,000
SPECTRA ENERGY CORP. COM 847560109 6,068 208,812 SH SOLE 208,812
TECK RESOURCES LTD CL B 878742204 6,188 200,000 SH SOLE 200,000
TRANSOCEAN LTD. REG SHS H8817H100 6,486 145,000 SH SOLE 145,000
WEATHERFORD INT'L. LTD REG H27013103 5,052 400,000 SH SOLE 400,000
WILLIAMS COMPANIES, INC. COM 969457100 11,528 400,000 SH SOLE 400,000
WPX ENERGY, INC. COM 98212B103 2,427 150,000 SH SOLE 150,000
685,370