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  February  1,  2000,  21,332,080  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 - 11


PART II - OTHER INFORMATION
--------------------------------------------------------------------

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

      (a)  Exhibits

      (b)  Reports on Form 8-K

SIGNATURES . . . . . . . . . . . . . . . . . . . . . . . . . . . . .       13
--------------------------------------------------------------------
</TABLE>


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

                                                           December 31,     June 30,
                                                               1999          1999
                                                           -------------  -----------
                                                            (Unaudited)
                       ASSETS
-----------------------------------------------------
<S>                                                         <C>            <C>
Current Assets:
  Cash and Cash Equivalents                                 $   363,282    $ 603,336
  Accounts Receivable:
    Trade                                                       299,681      270,794
    Affiliated Companies                                              -       20,383
  Notes Receivable-Related Parties                                    -            -
  Inventories                                                   171,488      115,690
    Prepaid Expense and Other                                   987,627      936,340
                                                           -------------  -----------

Total Current Assets                                          1,822,078    1,946,543
                                                           -------------  -----------

Property and Equipment, Net (Note 3)                             87,694      102,523
                                                           -------------  -----------

Total Assets                                               $  1,909,772   $2,049,066
                                                           =============  ===========


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

Current Liabilities:
  Accounts Payable and Accrued Expenses                    $    473,993   $  496,173
  Notes Payable                                                                3,625
                                                           -------------  -----------

  Total Current Liabilities                                     473,993      499,798

Advances From Stockholder                                       570,538      233,636
                                                           -------------  -----------

      Total Liabilities                                       1,044,531      733,434
                                                           -------------  -----------

Stockholders' Equity:
  Preferred stock, no par value, 10,000,000 shares
    authorized, none issued                                         --            --
  Common stock, no par value, 800,000 shares
    authorized; 21,282,080 issued and outstanding;
    3,000,000 reserved for stock options                     11,454,871   11,454,871
  Accumulated Deficit                                       (10,589,630) (10,139,239)

Total Stockholders' Equity                                     (865,241)   1,315,632
                                                           -------------  -----------

Total Liabilities and Stockholders' Equity                 $  1,909,772   $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           Six Months Ended
                                    December 31,                December 31,
                                 1999          1998          1999          1998
                             ------------  ------------  ------------  ------------
                              (Unaudited)   (Unaudited)   (Unaudited)   (Unaudited)
<S>                          <C>           <C>           <C>           <C>
Net Sales . . . . . . . . .  $   311,408   $   139,610   $   499,543   $   192,746

Cost of Sales . . . . . . .      206,950        92,338       296,650       129,460
                             ------------  ------------  ------------  ------------

Gross Profit. . . . . . . .      104,458        47,272       202,893        63,286

Selling, Administrative
and General Expenses. . . .      451,964       214,173       817,104       950,598
                             ------------  ------------  ------------  ------------

(Loss) From Operations. . .     (347,506)     (166,901)     (614,211)     (523,150)

Other Income, Net . . . . .       16,737            -0-      163,820          -0-
                             ------------  ------------  ------------  ------------

Net (Loss). . . . . . . . .  $  (331,056)  $  (166,901)     (450,391)  $  (523,150)
                             ============  ============  ============  ============

Net (Loss) per Share. . . .  $     (.02)  $      (.01)  $      (.02)  $      (.03)
                             ============  ============  ============  ============

Weighted Average Number of
Common Shares Outstanding .   21,200,664    16,747,500    21,010,664    16,747,500
                             ============  ============  ============  ============
</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


                                                              Six Months Ended
                                                                December 31,
                                                             1999           1998
                                                         ------------  -------------
                                                         (Unaudited)    (Unaudited)
<S>                                                      <C>            <C>
Cash Flows from Operating Activities:
  Net Loss                                               $  (450,391)   $  (523,150)
  Adjustments to reconcile
    Net Loss to Net Cash used in Operating Activities
      Depreciation                                            15,629         12,283
      Changes in Assets and Liabilities
         Accounts Receivable                                  (8,504)       (18,479)
         Inventories                                         (55,798)       (14,609)
         Prepaid Expense and Other Assets                    (51,287)        17,629
         Accounts Payable and Accrued Expenses               (22,180)       110,209
                                                         ------------  -------------

Net Cash used in Operating Activities                       (572,531)      (416,117)
                                                         ------------  -------------

Cash Flows from Investing Activities:
      Certificates of Deposit                                      -        276,579
      Capital Expenditures                                      (800)        (5,286)
      Related Party Loan-Repayments                                -         12,000
                                                         ------------  -------------
      Net Cash provided by(used in) Investing Activities        (800)       283,293

Cash Flows from Financing Activities:
      Proceeds from options exercised                              -         19,600
Borrowing/repayment of shareholder loans                     336,902        284,373
      Borrowing of Notes Payable                              (3,625)      (160,000)
                                                         ------------  -------------
      Net Cash provided by Financing Activities              333,277        143,973
                                                         ------------  -------------

Net increase (decrease) in Cash and Cash Equivalents        (240,054)        11,149

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

Cash and Cash Equivalents, End of Period                 $   363,282   $     45,524
                                                         ============  =============
</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 December 31, 1999
      and June 30, 1999:

                                             December 31     June 30
                                             -----------   ---------
           Office furnishings and equipment  $  142,391    $141,591
           Machinery and equipment               17,616      17,616
           Vehicles                              12,062      12,062
                                             -----------   ---------
                                                172,069     171,269
           Less accumulated depreciation        (84,375)    (68,746)
                                             -----------   ---------
           Net property and equipment        $   87,694    $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 December 31, 1999:

         Net operating loss carryforwards                     $ 2,680,000
         Stock options granted to non-employees                   827,000
         Amortization expense                                      25,500
         Bad debt expense                                           7,000
                                                              ------------
         Gross deferred tax asset                               3,539,500
                                                              ------------
         Valuation allowance                                   (3,539,500)
                                                              ------------
         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 December 31, the Company had net operating  loss  carryforwards
totaling  approximately  $7,880,000  available to reduce future  taxable  income
through the year 2015 (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
              Year ended June 30, 2015                    300,000
                                                      -----------
              Total                                   $ 7,880,000
                                                      ===========


                                        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  second  fiscal  quarter of the year 2000's operation, the  Company
has  continued  to  refocus  various  aspects  of its marketing approach and the
Company's  infrastructure.  The  focus  has  been on expanding and improving the
product  lines  and  developing  retail  lines  of distribution 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  last  year's concentrated strategy which
was  the  commercial  and  industrial  market,  to  the  retail/passenger  car
market.


                                        8
<PAGE>
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  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.  Also,  the  Company  continued  its  product
development  by  successfully focusing 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 has 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  now has nationwide
distribution  of its very effective oil additive called PetroMoly Oil  Treatment
designed  for  automobiles  and  light  trucks.  The  Company  presently  has  a
distribution/purchase  agreement  with PEP Boys, "the nations leading automotive
retail  and  service  chain" for the oil treatment, and the Company has plans to
introduce  its  family  of  products  through  this  same  distribution channel.

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 an increase
revenue  and  the  size  of  the  customer  base  related  to  contracts  and
agreements

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

Total  net  sales  for  the  three  months  ended  December  31,  1999  were
$311,408  as  compared  to  $  139,610  for  the three months ended December 31,
1998,a  223%  increase.  The reason for the increase is credited to Management's
decision  to  expand  into  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  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.  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 in 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 very similar from 66% for
the  three  months  ended  December  31,  1998,  to  66%  for  the  three months
ended  December  31,  1999.   The  1999  quarter's  gross  margins' average were
significantly  skewed  down by the temporary promotional bulk discounts with the
Company's  distributors  in  an  effort to expand to new industrial markets. The
margins  were  maintained  as  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 increase to $ 451,962 for the
three  months  ended  December  31,  1999,  from  $ 214,173 for the three months
ended  December 31,  1998.  The increase in expenses was mainly due to necessary
research,  both  product  and  promotional,  along  with  the marketing expenses
associated  with  the  upcoming  advertising  and  awareness  campaign.

LIQUIDITY  AND  CAPITAL  RESOURCES.

     At  December  31,  1999,  the  Company  had positive working capital in the
amount  of $1,348,085, including  $935,047 in prepaid expense,  as  compared  to
working  capital  of  $  1,446,745  at  June  30, 1999.  The 1999 calculation in
working  capital  was  primarily  the  reclassification  of  company  assets.

     Operating  activities  for the six months ended December 31, 1999 used cash
of  $333,227  compared  to  $143,973 for the six months ended December 31, 1998.
This  use  of  cash  was principally the result of the Company's net loss,  less
the  modification  for  the  changes  in  operating  assets  and  liabilities,
principally  prepaid  expenses  and  accounts  payable.  Also  the  borrowing of
notes payable was $160,000 in December ended 1998 compared to $3,625 in December
ended  1999.

As  of  December  31,  1999,  the  Company  had  no  material  commitments  for
capital  expenditures.

At  December  31,  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 December 31, 1999 and 1998, the Company incurred
net  losses totaling $ 331,056 and $166,901 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.


                                       10
<PAGE>
     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 was and remains ready to continue business activities
without interruption by a "Year 2000 problem", Company management recognizes the
general  ongoing 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.

To  date  the company has not experienced any problems associated with Year 2000
programming  issues.

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 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 the 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.

     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.


                                       11
<PAGE>
                           PART II - OTHER INFORMATION


Item  2.  Changes  in  Securities

     During  the  three  months  ended  December 31,  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  February 17, 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:


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


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


                                       13
<PAGE>