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, 1999

[ ]    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 [ ]

                      APPLICABLE ONLY TO CORPORATE ISSUERS

At  November  1,  1999,  20,820,915  shares  of  common  stock,  no  par  value,
were  outstanding.

Transitional  Small  Business  Disclosure  Format  (check  one):  Yes [ ] No [x]


                                        1
<PAGE>
<TABLE>
<CAPTION>
                            WORLDWIDE PETROMOLY, INC.
                                    CONTENTS
                                    --------


                                                                      Page(s)
                                                                      -------
<S>                                                                   <C>
PART I - FINANCIAL INFORMATION

Item 1. Financial Statements

  Consolidated Balance Sheets as of September 30, 1999
    (unaudited) and June 30, 1999. . . . . . . . . . . . . . . . . .        3

  Consolidated Statements of Operations for the three months
    ended September 30, 1999 and 1998 (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
--------------------------------------------------------------------
</TABLE>


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


                                                          September 30,    June 30,
                                                              1999           1999
                                                         --------------  ------------
                                                           (Unaudited)
<S>                                                      <C>             <C>
                           ASSETS
-----------------------------------------------------

Current Assets:
Cash and Cash Equivalents . . . . . . . . . . . . . . .  $     465,437   $  603,336
Accounts Receivable:
  Trade . . . . . . . . . . . . . . . . . . . . . . . .        131,401       270,794
  Affiliated Companies. . . . . . . . . . . . . . . . .              -        20,383
Inventories . . . . . . . . . . . . . . . . . . . . . .        132,938       115,690
Prepaid Expense and Other . . . . . . . . . . . . . . .        995,047       936,340
                                                         --------------  ------------

Total Current Assets. . . . . . . . . . . . . . . . . .      1,724,823     1,946,543
                                                         --------------  ------------

Property and Equipment, Net (Note 3). . . . . . . . . .         95,497       102,523
                                                         --------------  ------------

Total Assets. . . . . . . . . . . . . . . . . . . . . .  $   1,820,320   $ 2,049,066
                                                         ==============  ============

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

Current Liabilities:
Accounts Payable and Accrued Expenses . . . . . . . . .  $     299,962   $   496,173
Notes Payable . . . . . . . . . . . . . . . . . . . . .          3,625         3,625
                                                         --------------  ------------

Total Current Liabilities . . . . . . . . . . . . . . .        303,587       499,798

Advances From Stockholder . . . . . . . . . . . . . . .        320,436       233,636
                                                         --------------  ------------

Total Liabilities . . . . . . . . . . . . . . . . . . .        624,023       733,434
                                                         --------------  ------------

Stockholders' Equity:
Preferred stock, no par value, 10,000,000 shares
  authorized, none issued . . . . . . . . . . . . . . . .           --            --
Common stock, no par value, 800,000,000 shares
  authorized; 17,247,500 issued and outstanding. . . .      11,454,871    11,454,871
Accumulated Deficit . . . . . . . . . . . . . . . . . .    (10,258,574)  (10,139,239)

Total Stockholders' Equity. . . . . . . . . . . . . . .      1,196,297     1,315,632
                                                         --------------  ------------

Total Liabilities and Stockholders' Equity. . . . . . .  $   1,820,320   $ 2,049,066
                                                         ==============  ============
</TABLE>

See  accompanying  notes  to  consolidated  financial  statements


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


                                                         Three Months Ended
                                                            September 30,
                                                         1999          1998
                                                     ------------  ------------
                                                      (Unaudited)   (Unaudited)
<S>                                                  <C>           <C>

Net Sales . . . . . . . . . . . . . . . . . . . . .  $   188,135   $    53,136

Cost of Sales . . . . . . . . . . . . . . . . . . .       89,700        37,122
                                                     ------------  ------------

Gross Profit. . . . . . . . . . . . . . . . . . . .       98,435        16,014

Selling, Administrative
and General Expenses. . . . . . . . . . . . . . . .      365,140       372,263
                                                     ------------  ------------

(Loss) From Operations. . . . . . . . . . . . . . .     (266,705)     (356,249)

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

Net (Loss). . . . . . . . . . . . . . . . . . . . .  $  (119,335)  $  (356,249)
                                                     ============  ============

Net (Loss) per Share. . . . . . . . . . . . . . . .  $      (.01)  $      (.02)
                                                     ============  ============

Weighted Average Number of
Common Shares Outstanding . . . . . . . . . . . . .   17,247,500    17,317,500
                                                     ============  ============
</TABLE>

           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,
                                                            1999          1998
                                                       --------------  -----------
                                                         (Unaudited)   (Unaudited)
<S>                                                    <C>             <C>
Cash Flows from Operating Activities:
  Net Loss. . . . . . . . . . . . . . . . . . . . . .  $    (119,335)  $ (356,249)
  Adjustments to reconcile
  Net Loss to Net Cash used in Operating Activities
  Depreciation. . . . . . . . . . . . . . . . . . . .          7,026        6,142
  Changes in Assets and Liabilities
  Accounts Receivable . . . . . . . . . . . . . . . .        159,776       47,158
  Inventories . . . . . . . . . . . . . . . . . . . .        (17,248)     (28,128)
  Prepaid Expense and Other Assets. . . . . . . . . .        (58,707)     (18,117)
  Accounts Payable and Accrued Expenses . . . . . . .       (196,211)     133,402
                                                       --------------  -----------

Net Cash used in Operating Activities . . . . . . . .       (224,699)    (215,792)
                                                       --------------  -----------

Cash Flows from Investing Activities:
  Certificates of Deposit . . . . . . . . . . . . . .             --      276,579
  Capital Expenditures. . . . . . . . . . . . . . . .             --       (4,376)
  Related Party Loan . . . . . . . . . . . . . . . . .            --       12,000
                                                       --------------  -----------
  Net Cash provided by Investing Activities . . . . .             --      284,203

Cash Flows from Financing Activities:
  Borrowing from shareholder . . . . . . . . . . . .          86,800       70,000
  Repayment of Notes Payable. . . . . . . . . . . . .             --     (160,000)
                                                       --------------  -----------
  Net Cash provided by Financing Activities . . . . .         86,800      (90,000)


Net increase (decrease) in Cash and Cash Equivalents.       (137,899)     (21,589)

Cash and Cash Equivalents, Beginning of Period. . . .        603,336       34,375
                                                       --------------  -----------

Cash and Cash Equivalents, End of Period. . . . . . .  $     465,437   $   12,786
                                                       ==============  ===========
</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, 1999 and
June  30,  1999:

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

Office furnishings and equipment  $    141,591   $141,591
Machinery and equipment. . . . .        17,616     17,616
Vehicles . . . . . . . . . . . .        12,062     12,062
                                  -------------  ---------
                                       171,269    171,269
Less accumulated depreciation. .       (75,772)   (68,746)
                                  -------------  ---------
Net property and equipment . . .  $     95,497   $102,523
                                  =============  =========


                                        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 September 30,
1999:

         Net operating loss carryforwards                     $ 2,593,000
         Stock options granted to non-employees                   827,000
         Amortization expense                                      25,500
         Bad debt expense                                           7,000
                                                              ------------
         Gross deferred tax asset                               3,452,500
                                                              ------------
         Valuation allowance                                   (3,452,500)
                                                              ------------
         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  against  future  income.

      At  September  30,  1999  the Company had net operating loss carryforwards
totaling  approximately  $7,580,000  available  to  reduce future taxable income
through  the  year  2014  (see  table).

The  net  operating  loss  carryforwards  expire  as  follows:

              Years 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
                                                   -----------
              Total                                $ 7,580,000
                                                   ===========


                                        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

     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  of  future  events or
circumstances.

RESULTS  OF  OPERATIONS  -GENERAL

     In the first fiscal quarter of the year 2000's operation, the  Company  has
continued  to streamline and refocus various aspects of the sales force  and the
Company's  infrastructure.  The  focus  has  been on expanding and improving the
product  lines  and  developing  lines  of distribution to enhance sales volume,
spending  the  appropriate  and  necessary  amount  of  capital  for  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  last  year's concentrated strategy was the partial shift from the
commercial  and  industrial  market,  to  the  retail/passenger  car  market.


                                        8
<PAGE>
Management's strategy to gain retail acceptance and credibility was cornerstoned
by  its  specially  formulated  Moly  racing-oil designed for INDY style motors,
which  was  tested  last  year,  saw  a successful debut in the 1999 Indy Racing
League  (IRL)  including  an  eight  place finish at the Indianapolis 500, and a
second  place  finish  at  the  league's  Atlanta  race.  This  quarter  it  has
continued  to enhance the Company's image in the retail market place, by setting
the  tone  of  which the Company's top of the line products are to be exposed to
the  market  place.  The  Company sponsored the racecar driven by veteran driver
Robby  Unser,  in which the Company's lubricants were being successfully used to
display its advanced technology.  Also the Company continued its display product
development  by  successfully  focused on applying the proprietary technology to
produce  new  products  such as high performance gear oil treatment and straight
track  oil  for competition drag racing engines.  The company also continued its
development  of cutting oils for threading, armament oil to private label, a two
cycle engine oil additive for motorcycles and outboard motors, a moly-grease, an
emissions  reducing  fuel  treatment,  and  a very effective oil additive called
PetroMoly  Oil  Treatment  designed  for  automobiles  and  light  trucks.

       The  Company has continued field testing and objective lab testing of its
fully  formulated  engine  oil,  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 an increase revenue and
the  size  of  the  customer  base  related  to  contracts  and  agreements

THREE  MONTHS  ENDED  SEPTEMBER  30,  1999,  COMPARED  TO  THREE  MONTHS  ENDED
SEPTEMBER  30,  1998

     Total  net  sales  for  the  three  months  ended September 30, 1999 were $
188,135  as compared to  $ 53,136 for the three months ended September 30, 1998,
a  254%  increase.  The  reason  for  the  increase  is credited to Management's
decision  to  expand  to  retail markets in the last two quarters of fiscal 1998
versus an earlier strategy to concentrate the sales resources on procuring a few
large  industrial  customers  that are known industry leaders.  Sales discounts,
selective  sampling  of  products,  together with long attentive testing periods
were  however continued to be practiced to educate the strategic customers about
the  new  lubricant technology.  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.  The Company also received 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.

     Cost  of  sales  as  a  percentage of net sales decreased from 70 % for the
three  months  ended  September  30,  1998,  to  48%  for the three months ended
September  30,  1999.   This  decrease  is  the  result of several factors which
include:  the  Company's negotiated lower costs of production with its suppliers
as  well as more favorable freight rates for distribution; higher 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.  A more consistent drop in costs should be realized due to
the  economies  of  scale  with  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 slightly decrease to $ 365,140
for  the  three  months  ended  September 30, 1999, from $ 372,263 for the three
months  ended  September  30,  1998.  The decrease in expenses was mainly due to
continued  streamlining  of  operations.

LIQUIDITY  AND  CAPITAL  RESOURCES.

     At  September  30,  1999,  the  Company had positive working capital in the
amount  of $ 1,421,236, including  $995,047 in prepaid expense that included the
Indy  racecar sponsorship amortization and the reclassification of the Company's
assets,  as  compared  to  working capital of $ 1,213,109 at June 30, 1999.  The
increase in working capital was primarily due to the reclassification of company
assets.

     Operating  activities  for  the  three months ended September 30, 1999 used
cash of $ 224,699 compared to  $215,792 for the three months ended September 30,
1998.  This  use  of  cash  was principally the result of the Company's net loss
each  year,  less  the  modification  for  the  changes  in operating assets and
liabilities,  principally  prepaid  expenses  and  accounts  payable.


                                        9
<PAGE>
    As  of  September  30,  1999,  the  Company  had no material commitments for
capital expenditures.

     At  September 30, 1999, 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,  1999  and 1998, the Company
incurred net losses totaling  $ 119,335 and $356,249 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.

THE  YEAR  2000  ISSUE

     The  Year  2000  issue is the result of computer programs and hardware with
embedded  date  technology  (embedded  chips)  using  two  digits  to define the
applicable year rather than four digits.  Any programs or hardware that are time
sensitive and have not been determined to be Year 2000 compliant may recognize a
date  using "00" as the year 1900 rather than the year 2000.  Such improper date
recognition  could,  in  turn,  result  in  erroneous processing of data, or, in
extreme  situations,  system  failure.

     The Company is currently implementing a Year 2000 program which encompasses
performing an inventory of information technology and non-information technology
systems,  assessing  the  potential  problem areas, testing the systems for Year
2000  readiness,  and  modifying  systems  that  are  not  Year  2000 compliant.

     To date, inventory and assessment are in progress for all core systems that
are  essential  for  business  operations.  The Company believes all of its core
systems  are  Year  2000 compliant.  The Company's management estimates that the
work  they  have completed represents more than seventy-five percent of the work
involved  preparing  the  Company's  systems  for  the  Year  2000.

     Although  the  Company  expects to be ready to continue business activities
without  interruption  by a Year 2000 problem, Company management recognizes the
general  uncertainty  inherent  in  the  Year 2000 issue, in part because of the
uncertainty about the Year 2000 readiness of third parties.  Under a "worst case
Year  2000  scenario",  it  may  be  necessary  for  the  Company to temporarily
interrupt  normal business activities or operations.  The Company has begun, but
not  yet  completed,  development  of  a  contingency plan to deal with the most
likely  worst  case  Year  2000  scenario".

     Based  on  a  current assessment, the Company's total cost of becoming Year
2000  compliant  is  not  expected  to be significant to its financial position,
results  of  operations  or cash flows and is estimated to be less than $10,000.

     There  can  be  no assurances that the Company will not experience serious,
unanticipated  negative  consequences and/or material costs caused by undetected
errors  or  defects  in  the  technology  used in its internal systems or in the
technology  used  by  its  venders  or  customers.  The occurrence of any of the
foregoing  could  have  a  material  adverse  effect  on the Company's business,
operating  results  or  financial  condition.  The  Company has taken additional
steps  in  sending  out  questionnaires  to  its  vendors  and  major  customers
concerning  their  respective  Year  2000  compliance  status.  So far all major
accounts,  both  vendors and customers have reported that they do not anticipate
any  material  adverse effect on the Company's on-going servicing relationships.

OUTLOOK

     During  the  past  quarter the Company has laid the groundwork to begin its
strategic  focus  of  expanding  to  the  development  of a retail 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


                                       10
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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 the
various  automotive  retail chains that the Company wants to carry its PetroMoly
Products.  The  media  campaign,  which  is  anticipated  to begin in the second
calendar  quarter,  will  roll  out  in  strategic  regions  where the Company's
products  are  sold.

     With the progressing sales relationships maturing and the new product lines
being  marketed,  the  Company expects operating margins and revenues to improve
during  fiscal  2000.

NEW  ACCOUNTING  PRONOUNCEMENTS

     Statement  of  Financial  Accounting  Standards  No.  129,  Disclosure  of
Information  about  Capital  Structure  ("SFAS  129"),  effective  for  periods
ending  after  December  15,  1997,  establishes  standards  for  disclosing
information  about  an  entity's  capital  structure.  SFAS  129  requires
disclosure  of  the  pertinent  rights  and  privileges  of  various  securities
outstanding  (stock,  options, warrants, preferred stock, debt and participating
rights)  including  dividend  and liquidations  preferences, participant rights,
call  prices  and  dates,  conversion  or  exercise  prices  and  redemption
requirements.  Adoption  of SFAS 129 has had no effect  on  the  Company  as  it
currently  discloses  the  information  specified.

     In  June  1997,  the  Financial  Accounting  Standards Board issued two new
disclosure  standards.  Results  of  operations  and  financial  position  are
unaffected  by  implementation  of  these  new  standards.    Statement  of
Financial  Accounting Standards  (SFAS)  130,  "Reporting Comprehensive Income",
establishes  standards  for  reporting  and  display  of  comprehensive  income,
its  components  and  accumulated  balances.  Comprehensive income is defined to
include  all  changes  in  equity  except  those  resulting  from investments by
owners  and  distributions  to  owners.  Among  other  disclosures,  SFAS  130
requires  that  all  items  that  are required  to  be  recognized under current
accounting  standards  as  components  of  comprehensive income be reported in a
financial  statement  that  is  displayed  with the  same  prominence  as  other
financial  statements.  SFAS  131,  "Disclosure  about  Segments  of  a Business
Enterprise",  establishes  standards  for the way that public enterprises report
information  about  operating  segments  in  annual  financial  statements  and
requires reporting of selected information  about  operating segments in interim
financial statements issued to the  public.  It  also  establishes standards for
disclosures  regarding  products  and  services,  geographic  areas  and  major
customers.  SFAS  131  defines  operating  segments  as  components  of  an
enterprise  about  which  separate  financial  information  is  available  that
is  evaluated  regularly  by  the  chief operating decision  maker  in  deciding
how  to  allocate  resources  and  in  assessing  performance.  The  Company
only  operates  in  one  segment  of  business,  the marketing  and distribution
of  engine  lubrication  products.  Major  customers are disclosed  in  Note  1.

     SFAS  132,  Statement  of  Financial  Accounting  Standards  (SFAS)  132,
"Employers'  Disclosure  about  Pensions  and  Other  Postretirement  Benefits,"
revises  standards for  disclosures  regarding pensions and other postretirement
benefits.  It  also  requires  additional  information on changes in the benefit
obligations  and  fair  values  of  plan  assets  that will facilitate financial
analysis.  This  statement  does  not  change  the  measurement  or  recognition
of  the  pension  and  other postretirement plans.  The financial statements are
unaffected  by  implementation  of  this  new  standard.

     SFAS  133,  Statement  of  Financial  Accounting  Standards  (SFAS)  133,
"Accounting  for  Derivative  Instruments  and  Hedging Activities," establishes
accounting  and  reporting  standards  for  derivative  instruments,  including
certain  derivative  instruments  embedded  in  other  contracts,  (collectively
referred  to  as derivatives)  and  for hedging activities.  It requires that an
entity  recognize  all  derivatives  as  either  assets  or  liabilities  in the
statement of financial position and measure those instruments at fair value.  If
certain  conditions are met,  a derivative may be specifically designated as (a)
a  hedge  of  the  exposure to  changes  in  the  fair  value  of  a  recognized
asset  or  liability  or  an  unrecognized  firm  commitment, (b) a hedge of the
exposure  to variable cash flows of  a forecasted transaction, or (c) a hedge of
the foreign currency exposure of a  net  investment  in  a foreign operation, an
unrecognized  firm  commitment,  an  available-for  sale  security,  or  a
foreign-currency-denominated  forecasted  transaction.  Because  the  Company
has  no  derivatives,  this  accounting  pronouncement  has  no  effect  on  the
Company's  financial  statements.


                                       11
<PAGE>
                           PART II - OTHER INFORMATION


Item  2.  Changes  in  Securities

     During  the  three  months  ended  September  30,  1999,  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.



Item  6.  Exhibits  and  Reports  on  Form  8-K

     (a)  Exhibit  27.1  Financial  Data  Schedule

     (b)  Reports  on  Form  8-K  --  None


                                       12
<PAGE>
                                   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  19,  1999.


                         Worldwide  PetroMoly,  Inc.


November 22,  1999      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 22,  1999      By:  /s/  Gilbert  Gertner
                              -------------------------
                              Gilbert  Gertner
                              Director  and
                              Chairman  of  the  Board


November 22,  1999      By:  /s/  Lance  Rosmarin
                              -------------------------
                              Lance  Rosmarin
                              Director,  President,
                              Secretary  and
                              Chief Financialand Accounting Officer


                                       13
<PAGE>