TODAY IS:

June 19, 2008 Petroleum & Resources Provides May 31, 2008 Update April 10, 2008 Petroleum & Resources Declares Dividend, Announces 1st Quarter Performance March 13, 2008 Petroleum & Resources Provides Year-to-Date Update at Annual Meeting in Baltimore February 6, 2008 Petroleum & Resources Updates Top Ten Holdings and Sector Weightings January 25, 2008 Kenneth J. Dale Elected to Boards of Directors of Adams Express and Petroleum & Resources Corp. January 10, 2008 Petroleum & Resources Declares Dividend and Announces Performance for 2006 January 2, 2008 Robert E. Sullivan Elected Executive Vice President of Petroleum & Resources Corporation December 13, 2007 Petroleum & Resources Extends Share Repurchase Program December 10, 2007 Petroleum & Resources Announces Issue Price of Year-End Distribution November 16, 2007 Petroleum & Resources Stock Goes Ex-Dividend November 16, 2007 November 8, 2007 Petroleum & Resources Declares Year-End Distribution of Capital Gain and Investment Income Dividend October 11, 2007 Petroleum & Resources Reports Nine Month Performance July 12, 2007 Petroleum & Resources Declares Dividend and Reports Six Month Outperformance April 12, 2007 Petroleum & Resources Declares Dividend, Announces Strong 1st Quarter Performance March 27, 2007 Petroleum & Resources Provides Year-to-Date Update at Annual Meeting in Baltimore January 11, 2007 Petroleum & Resources Declares Dividend and Announces Performance for 2006 December 14, 2006 Petroleum & Resources Extends Share Repurchase Program December 11, 2006 Petroleum & Resources Announces Issue Price of Year-End Distribution November 9, 2006 Petroleum & Resources Declares Year-End Distribution of Capital Gain and Investment Income Dividend November 7, 2006 Charter Amendments Approved by PEO Stockholders October 12, 2006 Petroleum & Resources Reports Nine Month Performance July 13, 2006 Petroleum & Resources Declares Dividend and Reports Six Month Performance April 13, 2006 Petroleum & Resources Declares Dividend, Announces 1st Quarter Performance April 13, 2006 Frederic A. Escherich Named to the Board of Directors, Robert E. Sullivan Elected as Vice President - Research. March 28, 2006 Petroleum & Resources Provides Shareholder Update at Annual Meeting in Orlando January 12, 2006 Petroleum & Resources Returns 32.0% in 2005 and Declares Dividend December 12, 2005 Petroleum & Resources Announces Issue Price of Year-End Distribution December 8, 2005 Petroleum & Resources Extends Share Repurchase Program November 28, 2005 Petroleum & Resources Announce the Election of New Directors to the Board November 10, 2005 Petroleum & Resources Declares Year-End Distribution of Capital Gain and Investment Income Dividend October 13, 2005 Petroleum & Resources Reports Nine Month Performance July 14, 2005 Petroleum & Resources Declares Dividend and Reports Six Month Performance May 5, 2005 Board of Directors Elects Nancy J. F. Prue Vice President of Petroleum & Resources Corporation April 14, 2005 Petroleum & Resources Declares Dividend, Announces 1st Quarter Performance January 13, 2005 Petroleum & Resources Returns 23.3% in 2004, Declares Dividend December 13, 2004 Petroleum & Resources Announces Issue Price of Year-End Distribution December 9, 2004 Petroleum & Resources Extends Share Repurchase Program November 11, 2004 Petroleum & Resources Declares Year-End Capital Gain Distribution and Investment Income Dividend October 14, 2004 Petroleum & Resources Reports Nine Month Performance July 8, 2004 Petroleum & Resources Declares Dividend and Reports Six Month Performance June 22, 2004 Robert E. Sullivan Joins Petroleum & Resources Corporation April 8, 2004 Petroleum & Resources Declares Dividend, Announces 1st Quarter Performance March 30, 2004 Petroleum & Resources Provides Shareholder Update at Annual Meeting March 3, 2004 Petroleum & Resources Announces Resignation of Director January 8, 2004 Petroleum & Resources Reports 2003 Results and Declares Dividend December 11, 2003 Petroleum & Resources Extends Share Repurchase Program December 8, 2003 Petroleum & Resources Announces Issue Price of Shares for Year-End Distribution Payable December 27, 2003 November 13, 2003 Petroleum & Resources Declares Year-End Capital Gain Distribution and Investment Income Dividend October 28, 2003 Petroleum & Resources Announces Election of Two New Directors October 9, 2003 Petroleum & Resources Nine Months Performance Reported July 10, 2003 Petroleum & Resources Declares Dividend and Reports Six Month Performance April 10, 2003 Petroleum & Resources Declares Dividend and Announces First Quarter Performance March 26, 2003 Petroleum & Resources Announces Year-to-Date Net Realized Capital Gains at Annual Meeting in Chicago March 25, 2003 Petroleum & Resources Provides Year-to-Date Shareholder Update at Annual Meeting in Chicago February 13, 2003 Petroleum & Resources Updates Portfolio Information for Fourth Quarter 2002 January 9, 2003 Petroleum & Resources Declares Dividend and Reports 2002 Results December 12, 2002 Petroleum & Resources Extends Share Repurchase Program December 9, 2002 Petroleum & Resources Announces Issue Price of Shares for Year-End Distribution November 14, 2002 Petroleum & Resources Declares Year-End Distribution October 10, 2002 Petroleum & Resources Reports Nine Month Performance July 11, 2002 Petroleum & Resources Declares Dividend April 11, 2002 Petroleum & Resources Declares June 1 Dividend April 11, 2002 Board of Directors Elects Maureen A. Jones CFO March 26, 2002 Petroleum & Resources Provides Year-to-Date Shareholder Update January 10, 2002 Dividend Declared and Year-End Results Reported December 13, 2001 Petroleum & Resources Corporation Extends Share Repurchase Program December 10, 2001 Issue Price Announced for Year-End Distribution November 8, 2001 Year-End Distribution Declared October 11, 2001 Third Quarter Results Reported September 27, 2001 Mercantile President Named to Board of Directors July 12, 2001 Dividend Declared and Second Quarter Results Reported April 11, 2001 Dividend Declared and First Quarter Results Reported March 27, 2001 Year-To-Date Shareholder Update at Annual Meeting January 11, 2001 Dividend Declared and 2000 Results Reported   Archived Press Releases

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