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: DECEMBER 31, 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 February 16, 2001, 25,173,815 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 December 31, 2000
    (unaudited) and June 30, 2000. . . . . . . . . . . . . . . . . .        3

  Consolidated Statements of Operations for the three months
    ended December 31, 2000 and 1999 (both unaudited) . . . . . . .         4

  Consolidated Statements Of Cash Flows for the three months
    ended December 31, 2000 and 1999 (both unaudited) . . . . . . .         5

    Notes to Consolidated Financial Statements . . . . . . . . . . . .      6

Item 2. Management's Discussion and Analysis of Financial Condition
    and Results of Operations. . . . . . . . . . . . . . . . . . . .   7 - 11


PART II - OTHER INFORMATION
--------------------------------------------------------------------
Item 2. Changes in Securities. . . . . . . . . . . . . . . . . . . .       12

Item 6. Exhibits and Reports on Form 8-K . . . . . . . . . . . . . .       12

      (a)  Exhibits

      (b)  Reports on Form 8-K

SIGNATURES . . . . . . . . . . . . . . . . . . . . . . . . . . . . .       12
--------------------------------------------------------------------


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


                                                          December 31,      June 30,
                                                              2000           2000
                                                         --------------  ------------
                                                           (Unaudited)
<S>                                                      <C>             <C>
                           ASSETS
-----------------------------------------------------

Current Assets:
Cash and Cash Equivalents . . . . . . . . . . . . . . .  $      11,219   $   170,858
Accounts Receivable:
  Trade . . . . . . . . . . . . . . . . . . . . . . . .        163,686       411,905
  Affiliated Companies. . . . . . . . . . . . . . . . .         -0-            5,684
Inventories . . . . . . . . . . . . . . . . . . . . . .        116,985       198,976
Prepaid Expense and Other . . . . . . . . . . . . . . .         64,829        79,884
                                                         --------------  ------------

Total Current Assets. . . . . . . . . . . . . . . . . .        356,719       867,307
                                                         --------------  ------------

Property and Equipment, Net (Note 3). . . . . . . . . .         97,497        92,297
                                                         --------------  ------------

Other Assets. . . . . . . . . . . . . . . . . . . . . .         16,924       -0-
                                                         --------------  ------------

Total Assets. . . . . . . . . . . . . . . . . . . . . .  $     471,140   $   959,604
                                                         ==============  ============

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

Current Liabilities:
Accounts Payable and Accrued Expenses . . . . . . . . .  $     214,663   $   556,058
Notes Payable . . . . . . . . . . . . . . . . . . . . .          3,625         3,625
Other Current Liabilities . . . . . . . . . . . . . . .         30,130        -0-
                                                         --------------  ------------

Total Current Liabilities . . . . . . . . . . . . . . .        248,418       559,683

Advances From Stockholder . . . . . . . . . . . . . . .      1,271,378       934,378
                                                         --------------  ------------

Total Liabilities . . . . . . . . . . . . . . . . . . .      1,519,796     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. . . . .    12,635,379    12,635,379
Accumulated Deficit . . . . . . . . . . . . . . . . . .    (13,684,035)  (13,169,836)
                                                         --------------  ------------
Total Stockholders' Equity. . . . . . . . . . . . . . .     (1,048,656)     (534,457)
                                                         --------------  ------------

Total Liabilities and Stockholders' Equity. . . . . . .  $     471,140   $   959,604
                                                         ==============  ============
</TABLE>
See  accompanying  notes  to  consolidated  financial  statements


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


                                                         Three Months Ended           Six Months Ended
                                                            December 31,                 December 31,
                                                         2000          1999           2000        1999
                                                     ------------  ------------   ------------ ------------
                                                      (Unaudited)   (Unaudited)    (Unaduited)  (Unaudited)
<S>                                                  <C>           <C>            <C>          <C>

Net Sales . . . . . . . . . . . . . . . . . . . . .  $   103,558   $   311,408        156,417      499,543

Cost of Sales . . . . . . . . . . . . . . . . . . .       69,489       206,950         89,878      296,650
                                                     ------------  ------------   ------------  -----------

Gross Profit. . . . . . . . . . . . . . . . . . . .       34,069       104,458         66,539      202,893

Selling, Administrative
and General Expenses. . . . . . . . . . . . . . . .      344,790       451,964        580,740      817,104
                                                     ------------  ------------   ------------  -----------

(Loss) From Operations. . . . . . . . . . . . . . .     (310,721)     (347,506)      (514,201)    (614,211)

Other Income, Net . . . . . . . . . . . . . . . . .                    16,737              2       163,820
                                                     ------------  ------------   ------------  -----------

Net Income/(Loss). . . . . . . . . . . . . . . . .   $  (310,721)  $  (331,056)      (514,199)    (450,391)
                                                     ============  ============   ============  ===========

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

Weighted Average Number of
Common Shares Outstanding . . . . . . . . . . . . .   23,240,391    21,200,664     23,240,391   21,010,664
                                                     ============  ============   ============  ===========
</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
                                                                December 31,
                                                            2000          1999
                                                       --------------  -----------
                                                         (Unaudited)   (Unaudited)
<S>                                                    <C>             <C>
Cash Flows from Operating Activities:
  Net Loss. . . . . . . . . . . . . . . . . . . . . .  $    (514,199)  $ (450,391)
  Adjustments to reconcile
  Net Loss to Net Cash used in Operating Activities
  Depreciation. . . . . . . . . . . . . . . . . . . .          6,593       15,629
  Changes in Assets and Liabilities
  Accounts Receivable . . . . . . . . . . . . . . . .        253,903       (8,504)
  Inventories . . . . . . . . . . . . . . . . . . . .         81,991      (55,798)
  Prepaid Expense and Other Assets. . . . . . . . . .        ( 1,869)     (51,287)
  Accounts Payable and Accrued Expenses . . . . . . .       (311,265)     (22,180)
                                                       --------------  -----------

Net Cash used in Operating Activities . . . . . . . .       (484,846)    (572,531)
                                                       --------------  -----------

Cash Flows from Investing Activities:
  Capital Expenditures . . . . . . . . . . . . . .           (11,793)      (800)
                                                       --------------  -----------
  Net Cash provided by Investing Activities . . . . .        (11,793)      (800)

Cash Flows from Financing Activities:
  Proceeds from private offering
  Repayment of Notes Payable                                               (3,625)
  Borrowing from shareholder . . . . . . . . . . . .         337,000      336,902
                                                       --------------  -----------
  Net Cash provided by Financing Activities . . . . .        337,000      333,277


Net increase (decrease) in Cash and Cash Equivalents.       (159,639)    (240,054)

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

Cash and Cash Equivalents, End of Period. . . . . . .  $      11,229   $  363,282
                                                       ==============  ===========
</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.


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


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


                                        7
<PAGE>
RESULTS  OF  OPERATIONS  -GENERAL

In  the  second  fiscal  quarter  of  the year 2001's operation, the Company has
concentrated  most of its marketing approach toward direct marketing.  The focus
has  previously  been  on  expanding  and  improving  the  product  lines in the
commercial  industrial markets, as well as resellers in the retail markets.  The
Company's activities have centered around procuring long-term marketing sales to
enhance  sales  volume; spending the appropriate and necessary amount of capital
for additional product 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  new  areas  of primary focus have
shifted  from  prior  years' concentrated strategy, which was the commercial and
industrial  market,  to later include the retail/passenger car market, and now a
direct  marketing  campaign,  including  an  infomercial  and  other  forms  of
advertising  and  distribution  directly  to  the  consumers.

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 season has ended,
but  the  overall effectiveness has continued 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  was to capture some planned shots for the
advertising  video  (infomercial),  that illustrates the Company's technology in
very  extreme  situations,  and  gain  testimonials  from  the users.  Also, the
Company  continued  its product development by successfully focusing on applying
the  proprietary  technology  to  market  new  products such as high performance
2-cycle  oil treatment for use in various small engines and a radiator treatment
for  use  in  all  passenger cars.  The company has continued its development of
cutting oils for threading, armament oil to private label, an emissions reducing
fuel  treatment,  and  an  engine  enhancing  radiator  treatment.

The Company has had a distribution/purchase agreement with retailers 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 a partnership that will help produce
and  purchase advertising spots for various strategic markets by airing ads that
are  aimed  at  creating  brand  awareness  and  a  volume of sales.  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.


                                        8
<PAGE>
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 wear 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 and state
government  customers  continue  evaluation  tests  of the PetroMoly products on
their  complex  high-end  machinery  and  fleet  vehicles.

Also the Company completely revamped its website at petromoly.com to reflect the
goals  and  marketing  efforts  of  the  direct marketing campaign.  The site is
designed  to  work  with  both  high  speed  and  regular  modems.

THREE  MONTHS  ENDED  DECEMBER 31,2000,  COMPARED TO THREE MONTHS ENDED DECEMBER
31,  1999

Total  net  sales  for the three months ended December 31, 2000 were $103,558 as
compared  to  $  311,408  for  the  three  months ended December 31, 1999, a 67%
decrease.  The  reason for the decrease is due to Management's decision to focus
on  direct  marketing  strategies.  There  was  a  seasonal  drop  in demand for
automotive products in the last quarter.  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  is  hopeful  that  sales  will  increase rather significantly in the
coming  quarters  due  to its direct marketing efforts and infomercial launch in
the  third  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.  The  Company  continued to receive a considerable
amount  of  attention  from  the  IRL  racing sponsorship, and racing results of
racecars  used  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 66% for the three
months  ended December 31, 1999, to 57 % for the three months ended December 31,
2000.  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.  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 decreased to $344,760 for the
three  months ended December 31, 2000, from $ 451,964 for the three months ended
December 31, 1999.  The increase in expenses was mainly due to 2000'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  December  31, the Company had positive working capital in the amount of
$108,301,  as  compared  to  working  capital  of  $307,604 at  June  30,  2000.

Operating  activities  for  the  six months ended December 31, 2000 used cash of
$484,846  compared  to  $572,531  for  the three months ended December 31, 1999.
This  16%  reduction  is  the result of a "scale down" policy of operating cost.

As  of  December  31,  2000, the Company had no material commitments for capital
expenditures.

At  December  31,  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 December 31, 2000 and 1999, the Company incurred
net  losses  totaling $310,721 and $331,056 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.  Additionally, the sole
source  of  financing at the present time is the Company's majority stockholder,
Gilbert  Gertner.  If Mr.  Gertner ceases, for any reason, funding the Company's
operational  activities,  the  Company  may be unable to continue to develop and
support its present cost levels and continue as a going concern.  At the present
time  the  Company  has  an  unsecured  debt  that the Company owes to financing
stockholders  including Mr.  Gertner, of $1,271,378 that are due on demand.  The
Company  may  be required, in the future, to secure this debt with the assets of
the  subsidiary in order to obtain additional financing, or to obtain additional
time  to  repay  this  debt  if demand is made.  In such event, the terms of any
agreement  will be similar to the terms and conditions which could be negotiated
with  independent  third  parties.


                                      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, 2001, 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.
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 three 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.

     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,  however,  requires  an additional investment in both time and finances as
the  completed  packages  have  demands that extensively demonstrated answers to
marketability,  and  liability  concerns.

Further,  as  mentioned in the June 30, 2000 10KSB, the Company plans to explore
additional  businesses,  either complementary to its automotive activities or in
an  unrelated  area.  The  Company  is  exploring  various  methods  to  enhance
shareholder  value,  and is entertaining several opportunities that are designed
to improve such value.  Management believes the opportunities at hand merrit due
dilligence,  and  also  believe  that  a  potential  alliance  could  be  viewed
positively  by  the  investment  community and likewise may translate to greater
shareholder  value.  To  date,  management has evaluated a number of alternative
opportunities  and  continues  to  evaluate and explore these alternatives, both
within our industry and unrelated to our industry.  The Company may finalize its
plans  within  the  next  quarter.


                                      11
<PAGE>
                   PART  II  -  OTHER  INFORMATION

Item  2.  Changes  in  Securities

     During  the  three  months  ended   December 31,  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  February 20, 2001.


                               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:


February 20, 2001              By:  /s/  Gilbert  Gertner
                               Gilbert  Gertner
                               Director  and
                               Chairman  of  the  Board

February 20, 2001              By:  /s/  Lance  Rosmarin
                               Lance  Rosmarin
                               Director,  President,
                               Secretary  and
                               Chief Financialand Accounting Officer


                                      12
<PAGE>