Petroleum & Resources Corporation's Nine Months Performance

Petroleum & Resources Corporation PEO today announced its performance for the nine-month period ended September 30, 2010. The total return on net asset value, with dividends and capital gains reinvested, was 0.4%. Comparable figures for the Dow Jones U.S. Oil & Gas Index, the Dow Jones U.S. Basic Materials Index, and the Standard & Poor's 500 Composite Stock Index were (1.2)%, 9.3%, and 3.9%, respectively. The total return on Petroleum & Resources' market value was (1.2)%. For the twelve months ended September 30, 2010, the total return on Petroleum & Resources' net asset value, with dividends and capital gains reinvested, was 7.3%. Comparable figures for the Dow Jones U.S. Oil & Gas Index, the Dow Jones U.S. Basic Materials Index, and the S&P 500 were 3.4%, 20.2%, and 10.2%, respectively. The total return on Petroleum & Resources' market value was 5.5%.