Profile: Petroleum & Resources Corporation (PEO)

Petroleum & Resources Corporation (the Corporation) is a non-diversified investment company. The Company is an internally-managed fund, which focuses on petroleum and other natural resource investments.

The investment objectives of the Company are preservation of capital, the attainment of reasonable income from investments, and an opportunity for capital appreciation. In order to conduct the Company’s business, Petroleum & Resources Corporation, through its transfer agent, American Stock Transfer & Trust Company, collects and maintains certain non-public personal information about its stockholders of record with respect to their transactions in shares of its securities.