BNET Industries
Market Cap:$554.9M
Last Fiscal Year Sales:$12.0M
- Public
- US
Dow Jones Description
Trading on the New York Stock Exchange since January 1929, celebrating our 75th anniversary in 2004, Petroleum & Resources is a conservative equity investment company specializing in energy and natural resources companies. The fund may be suitable for investors who seek a broadly diversified exposure to the energy sector and is one of the few funds with this focus. Our investment objectives are preservation of capital, attainment of reasonable income, and an opportunity for capital appreciation.
Number of Employees 20
Contact Information
7 Saint Paul St Ste 1140
Baltimore, Maryland 21202-1655
(410) 752-5900
Peer Companies
NAICS Code Portfolio Management: 523920
Recent Events
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Michael A. Kijesky Joins Petroleum & Resources Corporation as a Senior Research Analyst
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Nancy J. F. Prue Elected Executive Vice President of Petroleum & Resources Corporation
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Nancy J. F. Prue Elected Executive Vice President of Petroleum & Resources Corporation
News & Analysis
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petroleum & resources corp. - All News and Analysis
Nancy J. F. Prue Elected Executive Vice President of Petroleum & Resources Corporation
- 2009-07-24
BALTIMORE, July 24 /PRNewswire-FirstCall/ -- The Board of Directors of Petroleum & Resources Corporation has elected Nancy J. F. Prue to Executive Vice President effective July 9, 2009. Ms. Prue had been Vice President since 2005 and Vice President-Research with the Corporation since 1986. Prior...
Petroleum & Resources Corporation Declares Dividend and Reports Performance for the First Half of 2009
- 2009-07-09
BALTIMORE, July 9 /PRNewswire-FirstCall/ -- The Board of Directors of Petroleum & Resources Corporation today declared a dividend of $0.10 per share, payable September 1, 2009, to stockholders of record on August 14, 2009, and announced the Fund's performance for the first half of 2009. ...
Brian S. Hook Elected Treasurer of Adams Express and Petroleum & Resources
- 2009-06-12
BALTIMORE, June 12 /PRNewswire-FirstCall/ -- The Board of Directors of both Adams Express Company and Petroleum & Resources Corporation elected Brian S. Hook, CFA, CPA as Treasurer effectively immediately. Prior to joining the Companies in September 2008, Mr. Hook was a Vice President at...
Adams Express Co. and Petroleum & Resources Corp. elects Kenneth J.
- 2008-02-15
The Adams Express Co. and Petroleum & Resources Corp. have elected Kenneth J. Dale to their boards of directors. Dale is senior vice president and chief financial officer of The Associated Press. Prior to joining the AP in 2000, he was an investment banker at J.P. Morgan & Company Inc....
Baltimore-based Petroleum & Resources Corp.'s fund assets top $1B
- 2007-10-18
Petroleum & Resources Corp., of Baltimore, a closed-end investment fund focused on energy and natural resources stocks, announced that its net assets have surpassed the $1 billion mark. Net assets as of the close of the market on Tuesday were $1,015,732, 908. Net assets at Petroleum & Resources sister company,...
Petroleum & Resources Corp. names Frederic A. Escherich to the board
- 2006-05-19
Petroleum & Resources Corp. named Frederic A. Escherich to the board of directors. The firm also elected Robert E. Sullivan to vice president of research. Escherich is a 25-year veteran of J.P. Morgan and is now a private investor. Sullivan joined the company in 2004 as a research analyst. He...
Webcast Alert: Adams Express Co. & Petroleum & Resources Corp. Presentation at Informed Investors Closed End Fund On-line Forum to be Webcast on Thursday, December 8, 2005, 9:30 am ET
- 2005-11-30
BALTIMORE -- Adams Express Co. (NYSE: ADX) and Petroleum & Resources Corp. (NYSE: PEO) will present at the following forum: What: Adams Express Co. (NYSE: ADX) and Petroleum & Resources Corp. (NYSE: PEO) will give a presentation at Informed Investors Closed End Fund On-line Forum. Sponsor: The Closed...
Webcast Advisory: Adams Express Co. and Petroleum & Resources Corp. Present at Investor Forum
- 2004-12-03
BALTIMORE -- Adams Express Co. (NYSE: ADX) and Petroleum & Resources Corp. (NYSE: PEO) will present at the following forum:What: Adams Express Co. (NYSE: ADX) and Petroleum & Resources Corp. (NYSE: PEO) will give a presentation at Informed Investors Closed End Fund Virtual Forum, which is open to the public...
Petroleum & Resources Corp. reports total return on shares' net asset
- 2003-07-11
Petroleum & Resources Corp., a Baltimore-based closed-end investment company, said the total return on its shares' net asset value for the 12-month period ended June 30 was minus 4.1 percent, compared to 0.3 percent for the S&P 500 Index and minus 0.5 percent for the Dow Jones Industrial Average. Also,...
Adams Express Co. and Petroleum & Resources Corp. announce new
- 2002-06-15
Adams Express Co. and Petroleum & Resources Corp. announced Douglas Ober, the firms' chairman and CEO, was elected president of the Closed-End Fund Association Inc., the not-for-profit trade group for the closed-end fund industry. Ober has been at Adams Express/Petroleum Resources since 1980 when he joined as a...
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