Petroleum & Resources Corporation (the Fund) is a non-diversified investment company. The Fund is an internally managed, closed-end fund focusing on petroleum and other natural resource investments. It is an equity investment fund for investors who seek a diversified exposure to the energy and natural resources sector. The investment objectives of the Fund are preservation of capital, the attainment of reasonable income from investments, and an opportunity for capital appreciation. The Fund has invested in sectors, such as exploration and production, integrated oil and gas, pipelines, services, chemicals, industrial metals, mining and utilities.