SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB

  [X]   Quarterly  Report  Pursuant  to  Section  13 or 15(d) of the Securities
        Exchange Act of 1934; for the Quarterly Period Ended: September 30, 2000

  [ ]   Transition  Report  Pursuant  to  Section 13 or 15(d) of the Securities
                              Exchange Act of 1934

                         Commission File Number: 0-24682

                            WORLDWIDE PETROMOLY, INC.
             (Exact name of registrant as specified in its charter)

         Colorado                                             84-1125214
     (State or other jurisdiction                             (IRS Employer
  of incorporation or organization)                         Identification No.)

                       1300 Post Oak Boulevard, Suite 1985
                              Houston, Texas 77056
          (Address of principal executive offices, including zip code)

                                 (713) 892-5823
              (Registrant's telephone number, including area code)

   Check whether the issuer  (1) has filed all reports required to be filed by
 Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such
shorter period that the  registrant was required to file such reports),  and (2)
  has  been  subject  to  such  filing  requirements  for  the  past  90  days.
                                 Yes [x] No [ ]


<PAGE>
                      APPLICABLE ONLY TO CORPORATE ISSUERS

     At November 17, 2000, 24,748,815 shares of common stock, no par value,
                               were  outstanding.
Transitional  Small  Business  Disclosure  Format  (check  one):  Yes [ ] No [x]


<PAGE>
                            WORLDWIDE PETROMOLY, INC.
                                    CONTENTS
                                    --------


                                                                      Page(s)
                                                                      -------

PART I - FINANCIAL INFORMATION

Item 1. Financial Statements

  Consolidated Balance Sheets as of September 30, 2000
    (unaudited) and June 30, 2000. . . . . . . . . . . . . . . . . .        3

  Consolidated Statements of Operations for the three months
    ended September 30, 2000 and 1999 (both unaudited) . . . . . . .        4

    Notes to Consolidated Financial Statements . . . . . . . . . . . .  6 - 8

Item 2. Management's Discussion and Analysis of Financial Condition
    and Results of Operations. . . . . . . . . . . . . . . . . . . .   8 - 12


PART II - OTHER INFORMATION
--------------------------------------------------------------------
Item 2. Changes in Securities. . . . . . . . . . . . . . . . . . . .       13

Item 6. Exhibits and Reports on Form 8-K . . . . . . . . . . . . . .       13

      (a)  Exhibits

      (b)  Reports on Form 8-K

SIGNATURES . . . . . . . . . . . . . . . . . . . . . . . . . . . . .       14
--------------------------------------------------------------------


                                        2
<PAGE>
<TABLE>
<CAPTION>
                            WORLDWIDE PETROMOLY, INC.
                           CONSOLIDATED BALANCE SHEETS


                                                          September 30,    June 30,
                                                              2000           2000
                                                         --------------  ------------
<S>                                                      <C>             <C>
                                                           (Unaudited)
                           ASSETS
-----------------------------------------------------

Current Assets:
Cash and Cash Equivalents . . . . . . . . . . . . . . .  $     107,122   $   170,858
Accounts Receivable:
  Trade . . . . . . . . . . . . . . . . . . . . . . . .        275,776       411,905
  Affiliated Companies. . . . . . . . . . . . . . . . .          5,684         5,684
Inventories . . . . . . . . . . . . . . . . . . . . . .        211,810       198,976
Prepaid Expense and Other . . . . . . . . . . . . . . .         81,173        79,884
                                                         --------------  ------------

Total Current Assets. . . . . . . . . . . . . . . . . .        681,565       867,307
                                                         --------------  ------------

Property and Equipment, Net (Note 3). . . . . . . . . .         85,271        92,297
                                                         --------------  ------------

Total Assets. . . . . . . . . . . . . . . . . . . . . .  $     766,836   $   959,604
                                                         ==============  ============

       LIABILITIES AND STOCKHOLDERS' EQUITY
------------------------------------------------------

Current Liabilities:
Accounts Payable and Accrued Expenses . . . . . . . . .  $     444,011   $   556,058
Notes Payable . . . . . . . . . . . . . . . . . . . . .          3,625         3,625
                                                         --------------  ------------

Total Current Liabilities . . . . . . . . . . . . . . .        447,636       559,683

Advances From Stockholder . . . . . . . . . . . . . . .        962,378       934,378
                                                         --------------  ------------

Total Liabilities . . . . . . . . . . . . . . . . . . .      1,410,014     1,494,061
                                                         --------------  ------------

Stockholders' Equity:
Preferred stock, no par value, 10,000,000 shares
  authorized, none issued . . . . . . . . . . . . . . . .           --            --
Common stock, no par value, 800,000,000 shares
  authorized; 24,398,815 issued and outstanding. . . .      12,837,379    12,635,379
Accumulated Deficit . . . . . . . . . . . . . . . . . .    (13,480,557)  (13,169,836)

Total Stockholders' Equity. . . . . . . . . . . . . . .       (643,178)     (534,457)
                                                         --------------  ------------

Total Liabilities and Stockholders' Equity. . . . . . .  $     766,836   $   959,604
                                                         ==============  ============
</TABLE>

See  accompanying  notes  to  consolidated  financial  statements


                                        3
<PAGE>
                            WORLDWIDE PETROMOLY, INC.
                      CONSOLIDATED STATEMENTS OF OPERATIONS


                                                         Three Months Ended
                                                            September 30,
                                                         2000          1999
                                                     ------------  ------------
                                                      (Unaudited)   (Unaudited)

Net Sales . . . . . . . . . . . . . . . . . . . . .  $   103,558   $   188,135

Cost of Sales . . . . . . . . . . . . . . . . . . .       69,489        89,700
                                                     ------------  ------------

Gross Profit. . . . . . . . . . . . . . . . . . . .       34,069        98,435

Selling, Administrative
and General Expenses. . . . . . . . . . . . . . . .      344,790       365,140
                                                     ------------  ------------

(Loss) From Operations. . . . . . . . . . . . . . .     (310,721)     (266,705)

Other Income, Net . . . . . . . . . . . . . . . . .                    147,370
                                                     ------------  ------------

Net (Loss). . . . . . . . . . . . . . . . . . . . .  $  (310,721)  $  (119,335)
                                                     ============  ============

Net (Loss) per Share. . . . . . . . . . . . . . . .  $      (.01)  $      (.01)
                                                     ============  ============

Weighted Average Number of
Common Shares Outstanding . . . . . . . . . . . . .   23,240,391    21,566,802
                                                     ============  ============

           See accompanying notes to consolidated financial statements


                                        4
<PAGE>
<TABLE>
<CAPTION>
                            WORLDWIDE PETROMOLY, INC.
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS


                                                             Three Months Ended
                                                                September 30,
                                                            2000          1999
                                                       --------------  -----------
<S>                                                    <C>             <C>
                                                         (Unaudited)   (Unaudited)
Cash Flows from Operating Activities:
  Net Loss. . . . . . . . . . . . . . . . . . . . . .  $    (310,721)  $ (119,335)
  Adjustments to reconcile
  Net Loss to Net Cash used in Operating Activities
  Depreciation. . . . . . . . . . . . . . . . . . . .          9,876        7,026
  Changes in Assets and Liabilities
  Accounts Receivable . . . . . . . . . . . . . . . .        136,129      159,776
  Inventories . . . . . . . . . . . . . . . . . . . .        (12,834)     (17,248)
  Prepaid Expense and Other Assets. . . . . . . . . .        ( 1,289)     (58,707)
  Accounts Payable and Accrued Expenses . . . . . . .       (112,047)    (196,211)
                                                       --------------  -----------

Net Cash used in Operating Activities . . . . . . . .       (290,886)    (224,699)
                                                       --------------  -----------

Cash Flows from Investing Activities:
  Capital Expenditures . . . . . . . . . . . . . .            (2,850)
                                                       --------------  -----------
  Net Cash provided by Investing Activities . . . . .         (2,850)        --

Cash Flows from Financing Activities:
  Proceeds from private offering                             202,000
  Borrowing from shareholder . . . . . . . . . . . .          28,000       86,800
                                                       --------------  -----------
  Net Cash provided by Financing Activities . . . . .        230,000       86,000


Net increase (decrease) in Cash and Cash Equivalents.        (63,736)    (137,899)

Cash and Cash Equivalents, Beginning of Period. . . .        170,858      603,336
                                                       --------------  -----------

Cash and Cash Equivalents, End of Period. . . . . . .  $     107,122   $  465,437
                                                       ==============  ===========
</TABLE>

See  accompanying  notes  to  consolidated  financial  statements


                                        5
<PAGE>
                            WORLDWIDE PETROMOLY, INC.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (UNAUDITED)


NOTE  1  -  ORGANIZATION  AND  BUSINESS

Worldwide PetroMoly, Inc. (the "Company"), a publicly-held Colorado corporation,
is engaged in the marketing  and  distribution  of a line of engine  lubrication
products under the tradename "PetroMoly".  The Company was formed as a result of
a reverse  merger on July 22, 1996,  between Ogden,  McDonald & Company  ("Ogden
McDonald" the former name of the  Registrant  with the  Securities  and Exchange
Commission)  and Worldwide  PetroMoly  Corporation  ("WPC").  Ogden McDonald was
incorporated  in the state of Colorado on October  13,1989,  and became a public
"shell"   company  for  the   purpose  of  engaging  in  selected   mergers  and
acquisitions.  WPC was  incorporated in the state of Texas on April 1, 1993, and
prior to the  reverse  acquisition,  was engaged in the same line of business as
the Company. In connection with the reverse merger,  Ogden McDonald acquired all
of the  outstanding  common stock of WPC, and  subsequently  changed its name to
Worldwide  PetroMoly,  Inc. WPC is now a wholly owned subsidiary of the Company.
The Company contracts with independent parties for the blending of its lubricant
products.

NOTE  2  -  BASIS  OF  PRESENTATION

The  accompanying   unaudited  financial  statements  of  the  Company  and  its
wholly-owned   subsidiary  WPC  have  been  prepared  in  accordance   with  the
instructions and requirements of Form 10-QSB and, therefore,  do not include all
information  and  footnotes  necessary  for a  fair  presentation  of  financial
position,  results of  operations,  and cash flows in conformity  with generally
accepted  accounting  principles.  In the opinion of management,  such financial
statements  reflect  all  adjustments   (consisting  only  of  normal  recurring
accruals)  necessary for a fair  presentation  of the results of operations  and
financial position for the interim periods presented.  Operating results for the
interim  periods  are not  necessarily  indicative  of the  results  that may be
expected  for the  full  year.  These  financial  statements  should  be read in
conjunction with the Company's annual report on Form 10-KSB.

NOTE  3  -  PROPERTY  AND  EQUIPMENT

Property  and  equipment  consists of the following as of September 30, 2000 and
June  30,  2000:

                                   September 30   June 30
                                  -------------  ---------

Office furnishings and equipment  $    167,845   $164,995
Machinery and equipment. . . . .        17,616     17,616
Vehicles . . . . . . . . . . . .        12,062     12,062
                                  -------------  ---------
                                       197,523    194,673
Less accumulated depreciation. .      (112,252)  (102,376)
                                  -------------  ---------
Net property and equipment . . .  $     85,271   $ 92,297
                                  =============  =========


                                        6
<PAGE>
                            WORLDWIDE PETROMOLY, INC.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


                                   (Unaudited)

NOTE  4  -  INCOME  TAXES

     Deferred  taxes  are  determined based on temporary differences between the
financial  statement  and income tax basis of assets and liabilities as measured
by the enacted tax rates which will be in effect when these differences reverse.

     Deferred  tax assets are  comprised  of the  following at June 30, 2000 and
     1999:

                                           2000          1999
                                       ------------  ------------

     Net operating loss carryforwards  $ 3,613,000   $ 2,593,000
     Amortization expense                   25,500        25,500
     Bad debt expense                        7,000         7,000
                                       ------------  ------------
        Gross deferred tax asset         3,645,500     2,625,500
        Valuation allowance             (3,645,500)   (2,625,500)
                                       ------------  ------------
            Net deferred tax asset     $         -   $         -
                                       ============  ============

     The Company has recorded a full  valuation  allowance  against all deferred
     tax assets  because it could not determine  whether it was more likely than
     not that the deferred tax asset would be realized.

     At June 30, 2000, the Company had net operating loss carryforwards totaling
     approximately  $ available to reduce future taxable income through the year
     2013. The net operating loss carryforwards expire as follows:

               Year ended December 31,                Amount
                                                    ----------
               2008                                 $   70,000
               2009                                    263,000
               2010                                    112,000
               Eighteen months ended June 30, 2012   2,753,000
               Year ended June 30, 2013              2,202,000
               Year ended June 30, 2014              2,180,000
               Year ended June 30, 2015              3,000,000
                                                    ----------
                                                   $10,580,000
                                                    ==========


                                        7
<PAGE>
                            WORLDWIDE PETROMOLY, INC.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (Unaudited)


Note  5  -  LOSS  PER  SHARE

     Using  the  principles  set  forth in SFAS 128,  basic  earnings  per share
includes no dilution  and is computed  by dividing  income  available  to common
stockholders by the weighted average number of common shares outstanding for the
period.   Dilutive  earnings  per  share  reflects  the  potential  dilution  of
securities  that could  share in the  earnings of the  company.  The company was
required to adopt this standard in the second fiscal quarter of 1998.  Using the
principles  set forth in SFAS  128,  basic and  diluted  earnings  per share are
identical.


ITEM  2.  MANAGEMENT'S  DISCUSSION  AND  ANALYSIS  OF  FINANCIAL CONDITION AND
          RESULTS  OF  OPERATIONS

Information Regarding and Factors Affecting Forward-looking Statements of future
events  or  circumstances.

     The Company is including  the following  cautionary  statement in this Form
10-QSB to make applicable and take advantage of the safe harbor provision of the
Private  Securities  Litigation  Reform  Act of  1995  for  any  forward-looking
statements  made by, or on behalf of, the  Company.  Forward-looking  statements
include  statements  concerning plans,  objectives,  goals,  strategies,  future
events or performance and underlying  assumptions and other statements which are
other than statements of historical facts.


Certain  statements in this Form 10-QSB are  forward-looking  statements.  Words
such as  "expects",  "anticipates",  "estimates"  and  similar  expressions  are
intended to identify forward-looking  statements. Such statements are subject to
risks and  uncertainties  that could cause actual  results to differ  materially
from those  projected.  Such risks and  uncertainties  are set forth below.  The
Company's expectations,  beliefs and projections are expressed in good faith and
are  believed  by the  Company to have a  reasonable  basis,  including  without
limitation,  management's  examination  of  historical  operating  trends,  data
contained in the Company's  records and other data available from third parties,
but  there  can  be no  assurance  that  management's  expectation,  beliefs  or
projections will result, be achieved,  or be accomplished.  In addition to other
factors and matters  discussed  elsewhere  herein,  the  following are important
factors that, in the view of the Company,  could cause material  adverse affects
on  the  Company's  financial  condition  and  results  of  operations:   market
acceptance  and demand for the  Company's  products,  competitive  factors,  the
ability of the Company to obtain acceptable forms and amounts of financing.  The
Company has no obligation to update or revise these  forward-looking  statements
to reflect the occurrence


RESULTS  OF  OPERATIONS  -GENERAL

     In the first fiscal quarter of the year 2001's  operation,  the Company has
continued to expand  various  aspects of its marketing  approach.  The focus has
been on  expanding  and  improving  the  product  lines  and  developing  direct
marketing sales to enhance sales volume,  spending the appropriate and necessary
amount of capital for additional product  certification and quality control, and
continuing  its new concepts that further  display the Company's  technology and
product lines in new markets as well as  strengthen  existing  markets.  The two
areas of primary  focus have shifted from prior  years'  concentrated  strategy,
which  was  the   commercial  and   industrial   market,   to  now  include  the
retail/passenger car market.

Management's  strategy to gain retail acceptance and credibility was launched in
1999 by its  specially  formulated  Moly  racing-oil,  designed  for INDY  style
motors,  which was tested last year,  and used by veteran driver Robby Unser who
introduced  PetroMoly's  successful  debut in the 1999 Indy Racing League (IRL),
including  an eighth place  finish at the  Indianapolis  500, and a second place
finish at the league's  Atlanta race. This quarter,  the racing  activities have
continued in an attempt to enhance the Company's image and overall awareness, by
setting  the tone of which  the  Company's  top of the line  products  are to be
exposed to the  market.  The  primary  objective  to the  Company's  paid racing
sponsorships  this  quarter  has  been to  capture  some  planned  shots  for an
advertising  video,  that  illustrate  the Company's  technology in very extreme
situations,  and gain  testimonials  from the users. Well known IRL drivers such
as,  Jacques  Lazier,  Richie Hearn and Davey Hamilton are also now added to the
list of PetroMoly users,  both past or present.  Also, the Company continued its
product  development  by  successfully  focusing  on  applying  the  proprietary
technology  to market  new  products  such as high  performance  a  2-cycle  oil
treatment for use in various small engines and a radiator  treatment for use all
passenger  cars.  The company has continued its  development of cutting oils for
threading, armament oil to private label, a


                                      8
<PAGE>
moly-grease,  an emissions reducing fuel treatment, and presently has nationwide
distribution of its very effective oil additive  called  PetroMoly Oil Treatment
designed   for   automobiles   and  light   trucks.   The   Company  has  had  a
distribution/purchase  agreement  with PEP Boys for the oil  treatment,  and the
Company has plans to introduce its family of products through other distribution
channels.  So far the sales  results have been slow to mature.  This quarter the
Company has  invested in  advertising  spots for  various  strategic  markets by
airing more  sixty-second  radio ads that are aimed at creating brand awareness.
Management believes that the awareness that is anticipated will aide the company
to gain  market  share in both the retail and  commercial/industrial  sectors in
these strategic markets.

This  quarter the Company has invested in additional research and development to
further  test  the  limits  of  its  proprietary technology in the areas of fuel
savings,  engine metal ware reduction, and various environmental benefits.   The
Company has continued field testing and objective independent lab testing of its
fully  formulated  engine  oils,  while  several  major  multinational customers
continue  evaluation  tests  of the PetroMoly products on their complex high-end
machinery and fleet vehicles.  These tests have been complex and time consuming,
and  the  results  have established the effectiveness of the PetroMoly products.
Management  continues  to  anticipate  increases  in revenue and the size of the
customer  base  related  to  contracts and agreements in the foreseeable future.

THREE MONTHS ENDED SEPTEMBER  30,2000,  COMPARED TO THREE MONTHS ENDED SEPTEMBER
--------------------------------------------------------------------------------
30, 1999
--------

Total net sales for the three months ended  September  30, 2000 were $103,558 as
compared to $ 188,135 for the three  months  ended  September  30,  1999,  a 45%
decrease.  The reason for the decrease is credited due to Management's  decision
to focus on  direct  marketing  strategies.  There has been a  seasonal  drop in
demand for  automotive  products in the last quarter.  In the three  quarters of
fiscal 2000 versus an earlier  strategy to  concentrate  the sales  resources on
procuring a few large  industrial  customers  that are known  industry  leaders.
Sales discounts and selective sampling of products, together with long attentive
testing  periods  continued to be practiced to educate the  strategic  customers
about the new lubricant  technology.  Management  anticipates  sales to increase
rather  significantly in the coming quarters due to its direct marketing efforts
planned launch late in the second fiscal quarter

The  Company  continued  to  benefit  from  publicity  from its association with
Continental  Airlines,  and  this  has led to discussions and testing with other
industry  related  companies.  This  quarter,  the  Company's  distributor  in
California,  EFFS, has ordered additional bulk shipments at discounted cost in a
continuing  joint  effort  with  the  Company  to  expand  its  market  share in
industrial  fleets as well as retail shipments. The Company continued to receive
a  considerable  amount of attention from the IRL racing sponsorship, and racing
results  of  racecars  using  PetroMoly  products.  Management believes that the
present  sales  and  marketing  strategy  will reward the Company with increased
revenues,  PetroMoly  product  awareness  and  fiscal  commitments.


                                      9
<PAGE>
Cost of sales as a percentage of net sales was increased  from 47% for the three
months ended  September 30, 1999,  to 66 % for the three months ended  September
30, 2000. This quarter's gross margins'  average were  significantly  changed by
the normal promotional bulk discounts with the Company's retail  distributors in
an effort to expand to new retail  markets.  The  margins  consisted  of several
factors which include:  the Company's  negotiated  costs of production  with its
suppliers as well as freight rates for  distribution;  profit margins on its oil
treatment  products;  and expanded services to its customers such as promotional
activities in the racing market,  that generate  revenue with a very low cost of
sales.  This quarter  represents a more consistent margin as seen in the June 30
year end  statement.  A drop in costs is expected  in future  periods due to the
economies of scale with  management's  anticipated  increased volume  production
runs. The demand  associated  with the caliber of customers that the Company has
been  targeting,  as well as the  projected  increase in retail  demand from the
anticipated brand awareness campaign could qualify the Company for a decrease in
the cost of production  runs with only a few, or in some cases one,  consummated
commitment.

     Selling,  general and administrative  expenses increase to $344,790 for the
three months ended September 30, 2000, from $ 365,140 for the three months ended
September 30, 1999. The decrease in expenses was mainly due to 1999'research and
development,  promotional and racing expenses, along with the marketing expenses
associated with the advertising and awareness  campaign and common shares issued
for services during the period.


LIQUIDITY  AND  CAPITAL  RESOURCES.

     At  September 30, the Company had positive working capital in the amount
of  $233,929, as compared to working capital  of  $307,604 at  June  30,  2000.

Operating  activities for the three months ended September 30, 2000 used cash of
$290,886  compared to $224,699 for the three months  ended  September  30, 1999.
This 22% reduction is the result of a "scale down" policy of operating cost.

As of September 30, 2000,  the Company had no material  commitments  for capital
expenditures.

At September  30,  2000,  the Company has  recorded a full  valuation  allowance
against all deferred tax assets  because it could not  determine  whether it was
more likely or not that the deferred tax asset would be utilized.

     For the  three  months  ended  September  30,  2000 and 1999,  the  Company
incurred net losses totaling  $310,721 and $119,335  respectively.  In the event
that the Company is unable to generate sufficient  revenues from operations,  or
is unable to  obtain  additional  financing,  it may be  unable to  continue  to
develop and support its present cost levels and continue as a going concern. The
Company is presently  seeking to raise additional equity through the sale of its
common stock for financing to develop a professionally developed brand awareness
advertising  campaign and to expand its  marketing  efforts in order to generate
additional  revenues.  No  assurance  can be  given  that  the  Company  will be
successful  in achieving  its revenue  growth  strategy;  or that it will obtain
financing at terms that are acceptable to the Company.


                                      10
<PAGE>
THE  YEAR  2000  ISSUE

     WE  MAY STILL EXPERIENCE DISRUPTION IN OUR BUSINESS AS A RESULT OF THE YEAR
2000.  Even though the date is now past January 1, 2000, and the Company has not
experienced  any  immediate adverse impact from the transition to the year 2000,
it  cannot  provide any assurance that its suppliers and customers have not been
affected  in  a  manner  that is not yet apparent. In addition, certain computer
programs which were date sensitive to the year 2000 may not have been programmed
to  process the year 2000 as a leap year, and any negative consequential effects
remain  unknown. As a result, the Company will continue to monitor its year 2000
compliance  and  the  year  2000  compliance  of its suppliers and customers. In
assessing  the effect of the year 2000 problem, management determined that there
existed two general areas that needed to be evaluated: - Internal infrastructure
and - Supplier/third-party relationships. A discussion of the various activities
related  to assessment and actions resulting from those evaluations is set forth
below.  INTERNAL  INFRASTRUCTURE.

The  Company  verified  that all of its personal computers and software are Year
2000 compliant. The Company replaced or upgraded all items that were not to Year
2000  compliant.  The  costs  related  to  these  efforts  were not material. 31
SUPPLIERS/THIRD-PARTY  RELATIONSHIPS.  The Company relies on its outside vendors
for  water,  electrical,  and  telecommunications  services  as  well as climate
control,  building  access,  and  other  infrastructure  services.  Although the
Company  has  not experienced any delays or interruptions in its service, it has
received  any  assurance of compliance from the providers of these services. Any
failure  of these third-parties to resolve year 2000 problems with their systems
could  have  a  material  adverse  effect  on  the  Company's  operations.

CONTINGENCY  PLANS.  Based on the above actions, the Company has not developed a
formal contingency plan to be implemented as part of its efforts to identify and
correct  year 2000 problems affecting our internal systems. However, if it deems
necessary, the Company may take the following actions: - Accelerated replacement
of  affected  equipment  or  software;  -  Short  to  medium-term  use of backup
equipment  and  software;  - Increased work hours for Company personnel; - Other
similar  approaches.  If  the  Company  is  required  to  implement any of these
contingency  plans,  such  plans  could  have  a  material adverse effect on its
business.  Based  on  the actions taken to date, and the lack of any problems to
date,  the Company is reasonably certain that it has identified and resolved all
year  2000  problems  that  could  hurt  its  business.


OUTLOOK

     During the past two quarters the Company has laid the  groundwork  to begin
its  strategic  focus of  expanding  to the  development  of a retail and direct
marketing  approach that encompasses a brand and product  awareness  campaign in
key markets.  This  approach is expected to increase  sales  volumes and promote
relationships with automotive  after-market  chains while enhancing our presence
with the leaders in the industrial markets, which are end users, or already have
established  lines of distribution  and marketing  capital.  The brand awareness
began with the INDY race car/Robby  Unser  sponsorship and it has been very well
received by various automotive retail chains that the Company wants to carry its
PetroMoly Products. The media campaign has already began in several key markets,
and will roll out to other  markets  over the next two  quarters  providing  the
capital is available.

     Management  also  continues  to plan for its technology to be used by other
existing brands, in the form of licensing, additive supplier or otherwise.  This
plan  requires  an  additional  investment  in  both  time  and  finances as the
completed  packages  have  demands  that  extensively  demonstrate  answers  to
marketability,  and  liability  concerns.   The Company  is presently exploring
various  methods to satisfy various issues that a strategic alliance may present
in  effort  to enhance the plausibility of such.  Management believes the issues
at  hand are easily resolved and also believe that a potential alliance would be
viewed  positively  by  the  investment  community and likewise may translate to
greater  shareholder  value.

     With the progressing sales relationships maturing and the new product lines
being  marketed,  the  Company expects operating margins and revenues to improve
during  fiscal  2001.


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                   PART  II  -  OTHER  INFORMATION

Item  2.  Changes  in  Securities

     During  the  three  months  ended   September  30,  2000,   there  were  no
transactions  that were effected by the Company in reliance upon exemptions from
registration under the Securities Act of 1933 as amended (the "Act") as provided
in Section 4(2) thereof.

                                   SIGNATURES

     In  accordance with the requirements of Section 13 of 15(d) of the Exchange
Act,  the  Registrant  has  caused this report to be signed on its behalf by the
undersigned,  thereunto  duly  authorized,  on  November 20, 2000.


                               Worldwide PetroMoly, Inc.

2000                           By:  /s/  Gilbert  Gertner
                               Gilbert  Gertner
                               Director  and
                               Chairman  of  the  Board

     Pursuant  to  the  requirements  of  the Exchange Act, this report has been
signed  below  by  the  following  persons  in  the  capacities and on the dates
indicated:


November 20, 2000              By:  /s/  Gilbert  Gertner
                               Gilbert  Gertner
                               Director  and
                               Chairman  of  the  Board

November 20, 2000              By:  /s/  Lance  Rosmarin
                               Lance  Rosmarin
                               Director,  President,
                               Secretary  and
                               Chief Financialand Accounting Officer


                                      12
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