UNITED STATES
SECURITIES & EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 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 November 2, 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: 54
Form 13F Information Table Value Total: $757,026
(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 8,270 100,000 SH SOLE 100,000
ANADARKO PETROLEUM CORP. COM 032511107 20,976 300,000 SH SOLE 300,000
APACHE CORP. COM 037411105 13,835 160,000 SH SOLE 160,000
BAKER HUGHES, INC. COM 057224107 2,714 60,000 SH SOLE 60,000
CF INDUSTRIES HOLDINGS, INC. COM 125269100 18,683 84,069 SH SOLE 84,069
CHEVRON CORP. COM 166764100 100,242 860,000 SH SOLE 860,000
CLIFFS NATURAL RESOURCES COM 18683K101 5,556 142,000 SH SOLE 142,000
CONOCOPHILLIPS COM 20825C104 14,295 250,000 SH SOLE 250,000
DEVON ENERGY CORP. COM 25179M103 8,167 135,000 SH SOLE 135,000
DOW CHEMICAL CO. COM 260543103 15,928 550,000 SH SOLE 550,000
E.I. DUPONT DE NEMOURS AND CO. COM 263534109 3,770 75,000 SH SOLE 75,000
ENERGEN CORP. COM 29265N108 9,172 175,000 SH SOLE 175,000
EOG RESOURCES, INC. COM 26875P101 14,567 130,000 SH SOLE 130,000
EQT CORP. COM 26884L109 8,260 140,000 SH SOLE 140,000
EXXON MOBIL CORP. COM 30231G102 133,373 1,458,430 SH SOLE 1,458,430
FMC CORP. COM 302491303 14,399 260,000 SH SOLE 260,000
FOREST OIL CORP. COM 346091705 1,690 200,000 SH SOLE 200,000
FREEPORT-MCMORAN COPPER & GOLD COM 35671D857 19,275 487,000 SH SOLE 487,000
HALLIBURTON CO. COM 406216101 14,402 427,500 SH SOLE 427,500
HESS CORP. COM 42809H107 12,087 225,000 SH SOLE 225,000
HOLLYFRONTIER CORP. COM 436106108 2,476 60,000 SH SOLE 60,000
KINDER MORGAN INC. COM 49456B101 8,880 250,000 SH SOLE 250,000
LYONDELLBASELL INDUSTRIES N.V. SHS-A N53745100 6,922 134,000 SH SOLE 134,000
MARATHON OIL CORP. COM 565849106 5,175 175,000 SH SOLE 175,000
MARATHON PETROLEUM CORP. COM 56585A102 10,372 190,000 SH SOLE 190,000
MDU RESOURCES GROUP, INC. COM 552690109 4,121 187,000 SH SOLE 187,000
MIDSTATES PETROLEUM CO., INC. COM 59804T100 2,163 250,000 SH SOLE 250,000
NABORS INDUSTRIES, LTD. SHS G6359F103 1,670 119,000 SH SOLE 119,000
NATIONAL FUEL GAS CO. COM 636180101 5,404 100,000 SH SOLE 100,000
NATIONAL OILWELL VARCO, INC. COM 637071101 20,028 250,000 SH SOLE 250,000
NEW JERSEY RESOURCES CORP. COM 646025106 12,802 280,000 SH SOLE 280,000
NEWFIELD EXPLORATION CO. COM 651290108 2,506 80,000 SH SOLE 80,000
NOBLE ENERGY, INC. COM 655044105 17,615 190,000 SH SOLE 190,000
OASIS PETROLEUM, INC. COM 674215108 4,421 150,000 SH SOLE 150,000
OCCIDENTAL PETROLEUM CORP. COM 674599105 30,982 360,000 SH SOLE 360,000
OIL STATES INTERNATIONAL, INC. COM 678026105 11,124 140,000 SH SOLE 140,000
PEABODY ENERGY CORP. COM 704549104 4,289 192,440 SH SOLE 192,440
PHILLIPS 66 COM 718546104 11,593 250,000 SH SOLE 250,000
PIONEER NATURAL RESOURCES CO. COM 723787107 10,440 100,000 SH SOLE 100,000
POTASH CORP OF SASKATCHEWAN COM 73755L107 10,421 240,000 SH SOLE 240,000
PRAXAIR, INC. COM 74005P104 15,582 150,000 SH SOLE 150,000
QEP RESOURCES, INC. COM 74733V100 6,015 190,000 SH SOLE 190,000
QUESTAR CORP. COM 748356102 4,194 206,300 SH SOLE 206,300
ROYAL DUTCH SHELL SPONS ADR A 780259206 9,433 135,903 SH SOLE 135,903
SCHLUMBERGER LTD. COM 806857108 41,590 575,000 SH SOLE 575,000
SEADRILL LTD. SHS G7945E105 7,844 200,003 SH SOLE 200,003
SOUTHWESTERN ENERGY CO. COM 845467109 1,913 55,000 SH SOLE 55,000
SPDR GOLD TRUST GOLD SHS 78463V107 11,181 65,000 SH SOLE 65,000
SPECTRA ENERGY CORP. COM 847560109 2,261 77,012 SH SOLE 77,012
TECK RESOURCES LTD. CL B 878742204 5,890 200,000 SH SOLE 200,000
TRANSOCEAN LTD. REG SHS H8817H100 6,509 145,000 SH SOLE 145,000
WEATHERFORD INT'L. LTD. REG H27013103 5,072 400,000 SH SOLE 400,000
WILLIAMS COMPANIES, INC. COM 969457100 13,988 400,000 SH SOLE 400,000
WPX ENERGY, INC. COM 98212B103 2,489 150,000 SH SOLE 150,000
757,026