FORM N-PX

FORM N-PX

 

 

ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number: 811-02736
-------------------------------------------------------------------------

 

PETROLEUM & RESOURCES CORPORATION
-------------------------------------------------------------------------
(Exact name of registrant as specified in charter)

 

 

7 Saint Paul Street, Suite 1140, Baltimore, Maryland 21202
-------------------------------------------------------------------------
(Address of principal executive offices)

 

 

Lawrence L. Hooper, Jr.
Petroleum & Resources Corporation
7 Saint Paul Street, Suite 1140
Baltimore, Maryland 21202
-------------------------------------------------------------------------
(Name and address of agent for service)

 

 

Registrant's telephone number, including area code: (410) 752-5900
Date of fiscal year end: December 31, 2007
Date of reporting period: July 1, 2006 - June 30, 2007

 

 

Item 1. Proxy Voting Record

Description

Proposal
Type
(Mgmt
or Shldr)

Voted
(Yes or No)

Vote
(For, Agnst, Abstain,
For All - Dirs., Withheld
Elec Of Dirs.)

For/
Agnst
Mgmt

Issuer: AGL Resources Inc.

Ticker: ATG

CUSIP: 001204-10-6

Meeting Date: 05/02/2007

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Approval of the 2007 Omnibus Performance Incentive Plan

MGMT

YES

AGNST

AGNST

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Issuer: Air Products and Chemicals, Inc.

Ticker: APD

CUSIP: 009158-10-6

Meeting Date: 01/25/2007

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Issuer: Apache Corporation

Ticker: APA

CUSIP: 037411-10-5

Meeting Date: 05/02/2007

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Approval of the 2007 Omnibus Equity Compensation Plan

MGMT

YES

AGNST

AGNST

Proposal concerning reimbursement of proxy expenses

SHLDR

YES

AGNST

FOR

Issuer: Aqua America, Inc.

Ticker: WTR

CUSIP: 03836W-20-3

Meeting Date: 05/24/2007

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Issuer: Baker Hughes Incorporated

Ticker: BHI

CUSIP: 057224-10-7

Meeting Date: 04/26/2007

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Proposal to amend the Company's Restated Certificate of Incorporation

MGMT

YES

FOR

FOR

Issuer: BJ Services Company

Ticker: BJS

CUSIP: 055482-10-3

Meeting Date: 01/30/2007

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Issuer: BP p.l.c.

Ticker: BP

CUSIP: 055622-10-4

Meeting Date: 04/12/2007

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Approve the Directors' remuneration report

MGMT

YES

FOR

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Proposal to give limited authority to make Political donations and political expenditure

MGMT

YES

FOR

FOR

Proposal to authorize the use of electronic communications

MGMT

YES

FOR

FOR

Proposal to give limited authority for the purchase of its own shares by the Company

MGMT

YES

FOR

FOR

Proposal to give Directors' authority to allot shares (Section 80)

MGMT

YES

FOR

FOR

Proposal to give Directors' authority to allot shares (Section 89)

MGMT

YES

FOR

FOR

Issuer: Bronco Drilling Company, Inc.

Ticker: BRNC

CUSIP: 112211-10-7

Meeting Date: 06/01/2007

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Issuer: Chevron Corporation

Ticker: CVX

CUSIP: 166764-10-0

Meeting Date: 04/25/2007

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Proposal to amend Chevron's Restated Certificate of Incorporation to Repeal the Supermajority Vote Provisions

MGMT

YES

FOR

FOR

Adopt Policy and Report on Human Rights

SHLDR

YES

AGNST

FOR

Adopt Goals and Report on Greenhouse Gas Emissions

SHLDR

YES

AGNST

FOR

Adopt Policy and Report on Animal Welfare

SHLDR

YES

AGNST

FOR

Recommend Amendment to the By-Laws to Separate the CEO/Chairman Positions

SHLDR

YES

AGNST

FOR

Amend the By-Laws Regarding the Stockholder Rights Plan Policy

SHLDR

YES

AGNST

FOR

Report on Host Country Environmental Laws

SHLDR

YES

AGNST

FOR

Issuer: ConocoPhillips

Ticker: COP

CUSIP: 20825C-10-4

Meeting Date: 05/09/2007

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Proposal regarding corporate political contributions

SHLDR

YES

AGNST

FOR

Proposal regarding global warming-renewables

SHLDR

YES

AGNST

FOR

Proposal regarding qualification for director nominees

SHLDR

YES

AGNST

FOR

Proposal regarding drilling in sensitive/protected areas

SHLDR

YES

AGNST

FOR

Report on recognition of indigenous rights

SHLDR

YES

AGNST

FOR

Proposal regarding community accountability

SHLDR

YES

AGNST

FOR

Issuer: Devon Energy Corporation

Ticker: DVN

CUSIP: 25179M-10-3

Meeting Date: 06/06/2007

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Issuer: Duke Energy Corporation (Annual Meeting)

Ticker: DUK

CUSIP: 264399-10-6

Meeting Date: 10/24/2006

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Approval of Company 2006 Long-Term Incentive Plan

MGMT

YES

AGNST

AGNST

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Issuer: Duke Energy Corporation (Annual Meeting)

Ticker: DUK

CUSIP: 264399-10-6

Meeting Date: 05/10/2007

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Issuer: E. I. du Pont de Nemours and Company

Ticker: DD

CUSIP: 263534-10-9

Meeting Date: 04/25/2007

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Proposal on DuPont Equity and Incentive Plan

MGMT

YES

AGNST

AGNST

Proposal regarding genetically modified food

SHLDR

YES

AGNST

FOR

Proposal regarding plant closure

SHLDR

YES

AGNST

FOR

Proposal regarding report on PFOA

SHLDR

YES

AGNST

FOR

Proposal regarding costs

SHLDR

YES

AGNST

FOR

Proposal regarding global warming

SHLDR

YES

AGNST

FOR

Proposal regarding chemical facility security

SHLDR

YES

AGNST

FOR

Issuer: Energen Corporation

Ticker: EGN

CUSIP: 29265N-10-8

Meeting Date: 04/25/2007

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Proposal to approve amendments to and ratify Company's 1997 Stock Incentive Plan

MGMT

YES

AGNST

AGNST

Proposal to approve Company's annual incentive compensation plan

MGMT

YES

FOR

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Issuer: Ensco International Incorporated

Ticker: ESV

CUSIP: 26874Q-10-0

Meeting Date: 05/22/2007

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Issuer: EOG Resources, Inc.

Ticker: EOG

CUSIP: 26875P-10-1

Meeting Date: 04/24/2007

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Issuer: Equitable Resources, Inc.

Ticker: EQT

CUSIP: 294549-10-0

Meeting Date: 04/11/2007

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Proposal to approve clarifying amendments to the Company's Articles of Incorporation

MGMT

YES

FOR

FOR

Proposal on Pay-For-Superior-Performance

SHLDR

YES

AGNST

FOR

Issuer: Exxon Mobil Corporation

Ticker: XOM

CUSIP: 30231G-10-2

Meeting Date: 05/30/2007

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Proposal regarding Cumulative Voting

SHLDR

YES

AGNST

FOR

Proposal regarding Special Shareholder meetings

SHLDR

YES

AGNST

FOR

Proposal regarding Board Chairman and CEO

SHLDR

YES

AGNST

FOR

Proposal regarding Dividend Strategy

SHLDR

YES

AGNST

FOR

Proposal regarding Shareholder advisory vote on executive compensation

SHLDR

YES

AGNST

FOR

Proposal regarding CEO compensation decisions

SHLDR

YES

AGNST

FOR

Proposal regarding Executive compensation report

SHLDR

YES

AGNST

FOR

Proposal regarding Executive compensation limit

SHLDR

YES

AGNST

FOR

Proposal regarding Incentive pay recoupment

SHLDR

YES

AGNST

FOR

Proposal regarding Political contributions report

SHLDR

YES

AGNST

FOR

Proposal regarding Amendment of EEO policy

SHLDR

YES

AGNST

FOR

Proposal regarding Community environmental impact

SHLDR

YES

AGNST

FOR

Proposal regarding Greenhouse gas emissions goals

SHLDR

YES

AGNST

FOR

Proposal regarding CO2 Information at the pump

SHLDR

YES

AGNST

FOR

Proposal regarding renewable energy investment levels

SHLDR

YES

AGNST

FOR

Issuer: Florida Rock Industries, Inc.

Ticker: FRK

CUSIP: 341140-10-1

Meeting Date: 02/07/2007

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Issuer: Forest Oil Corporation

Ticker: FST

CUSIP: 346091-70-5

Meeting Date: 05/10/2007

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Issuer: General Electric Company

Ticker: GE

CUSIP: 369604-10-3

Meeting Date: 04/25/2007

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Adoption of majority voting for directors

MGMT

YES

FOR

FOR

Approval of 2007 Long Term Incentive Plan

MGMT

YES

AGNST

AGNST

Approval of material terms of senior officer performance goals

MGMT

YES

FOR

FOR

Proposal regarding cumulative voting

SHLDR

YES

AGNST

FOR

Proposal to curb over-extended directors

SHLDR

YES

AGNST

FOR

Proposal regarding one director from the ranks of retirees

SHLDR

YES

AGNST

FOR

Proposal regarding independent board chairman

SHLDR

YES

AGNST

FOR

Proposal regarding elimination of dividend equivalents

SHLDR

YES

AGNST

FOR

Proposal regarding report on charitable contributions

SHLDR

YES

AGNST

FOR

Proposal regarding global warming report

SHLDR

YES

AGNST

FOR

Proposal regarding ethical criteria for military contracts

SHLDR

YES

AGNST

FOR

Proposal regarding report on pay differential

SHLDR

YES

AGNST

FOR

Issuer: GlobalSantaFe Corporation

Ticker: GSF

CUSIP: G3930E-10-1

Meeting Date: 06/07/2007

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Issuer: Grant Prideco, Inc.

Ticker: GRP

CUSIP: 38821G-10-1

Meeting Date: 05/17/2007

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Issuer: Hercules Offshore, Inc. (Special Merger Mtg.)

Ticker: 427093-10-9

CUSIP: HERO

Meeting Date: 07/11/2007

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Approve the issuance of Hercules common stock to TODCO stockholders

MGMT

YES

FOR

FOR

Approve the amended and restated Hercules Offshore 2004 Long-Term Incentive Plan increasing the number of shares available for issuance by 6,000,000 shares

MGMT

YES

AGNST

AGNST

As an alternative to proposal 3, if the merger is not completed, to approve the amended and restated Hercules Offshore 2004 Long Term Incentive Plan, increasing the number of shares available for issuance by 1,200,000 shares

MGMT

YES

FOR

FOR

To approve the adjournment of the Hercules meetings, if necessary.

MGMT

YES

FOR

FOR

Issuer: Hess Corporation

Ticker: HES

CUSIP: 023551-10-4

Meeting Date: 05/02/2007

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Proposal to recommend that the Board of Directors take action to declassify the board

SHLDR

YES

FOR

AGNST

Issuer: Holly Corporation

Ticker: HOC

CUSIP: 435758-30-5

Meeting Date: 05/24/2007

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Approval of amendment to the Corporation's restated Certificate of Incorporation to increase the number of shares of authorized stock.

MGMT

YES

FOR

FOR

Approval of the performance standards and eligibility provisions of the Corporation's Long-Term Incentive Compensation Plan and an amendment thereto.

MGMT

YES

AGNST

AGNST

Issuer: Kerr-McGee Corporation (Special Meeting)

Ticker: KMG

CUSIP: 492386-10-7

Meeting Date: 08/10/2006

Proposal to adopt the Agreement and Plan of Merger between Kerr-McGee Corp., Anadarko Petroleum Corp. and APC Acquisition Sub, Inc.

MGMT

YES

FOR

FOR

Proposal to adjourn the special meeting, if necessary.

MGMT

YES

FOR

FOR

Issuer: Marathon Oil Corporation

Ticker: MRO

CUSIP: 565849-10-6

Meeting Date: 04/25/2007

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Approval of 2007 Incentive Compensation Plan

MGMT

YES

AGNST

AGNST

Board proposal to amend the restated certificate of incorporation and By-Laws to eliminate the Supermajority vote provision

MGMT

YES

FOR

FOR

Board proposal to amend the restated certificate of incorporation to increase the number of authorized shares of common stock

MGMT

YES

FOR

FOR

Issuer: Martin Marietta Materials, Inc.

Ticker: MLM

CUSIP: 573284-10-6

Meeting Date: 05/22/2007

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Issuer: MDU Resources Group, Inc.

Ticker: MDU

CUSIP: 552690-10-9

Meeting Date: 04/24/2007

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Increase the authorized shares of common stock

MGMT

YES

FOR

FOR

Declassify board of directors

MGMT

YES

FOR

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Proposal requesting a sustainability report

SHLDR

YES

AGNST

FOR

Issuer: Murphy Oil Corporation

Ticker: MUR

CUSIP: 626717-10-2

Meeting Date: 05/09/2007

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Approve the proposed 2007 Long-Term Incentive Plan

MGMT

YES

FOR

FOR

Approve the proposed Annual Incentive Plan

MGMT

YES

FOR

FOR

Approve the proposed amendments to the employee stock purchase plan

MGMT

YES

FOR

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Issuer: Nabors Industries Ltd.

Ticker: NBR

CUSIP: G6359F-10-3

Meeting Date: 06/05/2007

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Proposal to permit shareholders to vote on an advisory resolution to ratify executive compensation

SHLDR

YES

AGNST

FOR

Proposal to adopt a pay for superior performance standard for senior executives

SHLDR

YES

AGNST

FOR

Issuer: National Fuel Gas Company

Ticker: NFG

CUSIP: 636180-10-1

Meeting Date: 02/15/2007

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Approval of Annual At Risk Compensation Incentive Program

MGMT

YES

FOR

FOR

Approval of Amendments to the 1997 Award and Option Plan

MGMT

YES

AGNST

AGNST

Recommendation that the Board undo the large increases in compensation payable to non-employee directors, and restore the compensation program in effect in fiscal 2003.

SHLDR

YES

AGNST

FOR

Issuer: Newfield Exploration Company

Ticker: NFX

CUSIP: 651290-10-8

Meeting Date: 05/03/2007

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Approve the Company 2007 Omnibus Stock Plan

MGMT

YES

FOR

FOR

Approve the Second Amendment to Company 2000 Non-Employee Director Restricted Stock Plan

MGMT

YES

FOR

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Issuer: New Jersey Resources Corporation

Ticker: NJR

CUSIP: 646025-10-6

Meeting Date: 01/24/2007

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Approve 2007 Stock Award and Incentive Plan

MGMT

YES

AGNST

AGNST

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Issuer: Noble Corporation

Ticker: NE

CUSIP: G65422-10-0

Meeting Date: 04/26/2007

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Issuer: Noble Energy, Inc.

Ticker: NBL

CUSIP: 655044-10-5

Meeting Date: 04/24/2007

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Proposal to approve an amendment to the Company's 1992 stock option and restricted stock plan to increase the authorized number of shares

MGMT

YES

AGNST

AGNST

Proposal to establish a policy of having an independent Chairman of the Board of Directors

SHLDR

YES

AGNST

FOR

Issuer: Occidental Petroleum Corporation

Ticker: OXY

CUSIP: 674599-10-5

Meeting Date: 05/04/2007

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Approval of amendment to increase the number of shares authorized for issuance under the 2005 Long-Term Incentive Plan

MGMT

YES

FOR

FOR

Proposal regarding scientific report on global warming

SHLDR

YES

AGNST

FOR

Proposal regarding advisory vote to ratify executive compensation

SHLDR

YES

AGNST

FOR

Proposal regarding performance-based stock options

SHLDR

YES

AGNST

FOR

Issuer: Questar Corporation

Ticker: STR

CUSIP: 748356-10-2

Meeting Date: 05/15/2007

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Issuer: Rohm and Haas Company

Ticker: ROH

CUSIP: 775371-10-7

Meeting Date: 05/07/2007

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Issuer: Royal Dutch Shell plc

Ticker: RD

CUSIP: 780257-80-4

Meeting Date: 05/15/2007

Adoption of annual report and accounts

MGMT

YES

FOR

FOR

Approval of remuneration report

MGMT

YES

FOR

FOR

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Remuneration of Auditors

MGMT

YES

FOR

FOR

Authority to allot shares

MGMT

YES

FOR

FOR

Disapplication of pre-emption rights

MGMT

YES

FOR

FOR

Authority to purchase own shares

MGMT

YES

FOR

FOR

Authority for certain donations and expenditure

MGMT

YES

FOR

FOR

Issuer: Schlumberger Limited

Ticker: SLB

CUSIP: 806857-10-8

Meeting Date: 04/11/2007

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Financial Statements

MGMT

YES

FOR

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Issuer: SEMCO Energy, Inc.

Ticker: SEN

CUSIP:78412D-10-9

Meeting Date: 06/07/2007

Proposal to approve the agreement and plan of share exchange for the right to receive $8.15 in cash, without interest

MGMT

YES

FOR

FOR

Any proposal to postpone or adjourn the special meeting to a later date or time, if necessary.

MGMT

YES

FOR

FOR

Issuer: Suncor Energy Inc.

Ticker: SU

CUSIP: 867229-10-6

Meeting Date: 04/26/2007

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Approval of amendments to equity compensation plans

MGMT

YES

FOR

FOR

Approval of performance stock options

MGMT

YES

AGNST

AGNST

Amendment of By-Laws

MGMT

YES

FOR

FOR

Issuer: TODCO

Ticker: THE

CUSIP: 8888PT-10-7

Meeting Date: 07/11/2007

Proposal to approve the merger by and among Hercules Offshore, Inc., TODCO and the Hercules Offshore Drilling Company LLC

MGMT

YES

FOR

FOR

Issuer: Total S.A.

Ticker: TOT

CUSIP: 89151E-10-9

Meeting Date: 05/11/2007

Approval of parent Company financial statements

MGMT

YES

FOR

FOR

Approval of consolidated financial statements

MGMT

YES

FOR

FOR

Allocation of earnings, declaration of dividend

MGMT

YES

FOR

FOR

Agreements covered by Article L.225-38 of the French Commercial Code

MGMT

YES

FOR

FOR

Authorization for the Board of Directors to trade shares of the Company

MGMT

YES

FOR

FOR

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Appointment of a Director representing employee shareholders in application of Article 11 of the Articles of Assocation ) - Approved by the Board of Directors

MGMT

YES

FOR

FOR

Appointment of a Director representing employee shareholders in application of Article 11 of the Articles of Association) - Not approved by the Board of Directors

SHLDR

YES

AGNST

FOR

Appointment of a Director representing employee shareholders in application of Article 11 of the Articles of Association) - Not approved by the Board of Directors

SHLDR

YES

AGNST

FOR

Determination of the total amount of Directors' compensation

MGMT

YES

FOR

FOR

Delegation of authority granted to the Board of Directors to increase capital by issuing common shares or any securities providing access to capital while maintaining shareholders' preferential subscription rights

MGMT

YES

FOR

FOR

Delegation of authority granted to the Board of Directors to increase capital by issuing common shares or any securities providing access to capital without preferential subscription rights

MGMT

YES

FOR

FOR

Delegation of authority granted to the Board of Directors to increase capital under the conditions provided for in Article 443-5 of the French Labor Code

MGMT

YES

FOR

FOR

Authorization to grant subscription or purchase options for the Company's stock to certain employees of the Group as well as the management of the Company or of other Group companies

MGMT

YES

FOR

FOR

Authorization to be granted to the Board of Directors to reduce capital by canceling shares

MGMT

YES

FOR

FOR

Amentment of Article 13, paragraph 2, of the Company's Articles of Association with regard to the methods that may be used to participate in Board of Directors' meetings

MGMT

YES

FOR

FOR

Amendment of Article 17-2 of the Company's Articles of Association to take into account new rules from the decree of December 11,2006 relating to the Company's book-based system for recording shares for shareholders wishing to participate in any form whatsoever in a General Meeting of the Company

MGMT

YES

FOR

FOR

Amendment of Article 17-2 of the Company's Articles of Association to take into account rules relating to electronic signatures in the event of a vote cast via telecommunication

MGMT

YES

FOR

FOR

New Procedure to nominate the employee-shareholder director

SHLDR

YES

AGNST

FOR

Authorization to grant restricted shares of the Company to Group employees

SHLDR

YES

AGNST

FOR

Amendment of Article 18, paragraph 7 of the Company's Articles of Association in view of deleting the statutory clause limiting voting rights

SHLDR

YES

AGNST

FOR

Issuer: Valero Energy Corporation

Ticker: VLO

CUSIP: 91913Y-10-0

Meeting Date: 04/26/2007

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Director Election Majority vote proposal

SHLDR

YES

AGNST

FOR

Shareholder ratification of executive compensation proposal

SHLDR

YES

AGNST

FOR

Supplemental executive retirement plan policy proposal

SHLDR

YES

AGNST

FOR

Issuer: Weatherford International LTD.

Ticker: WFT

CUSIP: G95089-10-1

Meeting Date: 05/30/2007

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Issuer: The Williams Companies, Inc.

Ticker: WMB

CUSIP: 969457-10-0

Meeting Date: 05/17/2007

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Approval of the Company 2007 Incentive Plan

MGMT

YES

FOR

FOR

Approval of the Company 2007 Employee Stock Purchase Plan

MGMT

YES

FOR

FOR

Issuer: XTO Energy Inc.

Ticker: XTO

CUSIP: 98385X-10-6

Meeting Date: 05/15/2007

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

 

SIGNATURES:

Pursuant to the requirements of the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

PETROLEUM & RESOURCES CORPORATION
-------------------------------------------------------------------------

(Registrant)

 

BY:

/s/ Douglas G. Ober
 

---------------------------------------------------
 

Douglas G. Ober
 

Chief Executive Officer
 

(Principal Executive Officer)
   

DATE:

July 13, 2007