8-K

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON D.C. 20549

                                    FORM 8-K
                                 CURRENT REPORT

     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

                                  June 30, 2003
                Date of Report (Date of earliest event reported)



                           WILSHIRE ENTERPRISES, INC.
             (Exact name of Registrant as specified in its charter)


         Delaware                          1-467            84-0513668
(State or other jurisdiction of       (Commission File      (IRS Employer
incorporation or organization)             Number)          Identification No.)


921 Bergen Avenue, Jersey City, New Jersey                  07306
(Address of principal executive offices)                    (Zip Code)


(Registrant's telephone number, including area code)        (201) 420-2796

                          Wilshire Oil Company of Texas
         (Former name or former address, if changed since last report.)




ITEM 5.         Other Matters

         The Company issued the press release attached as Exhibit 99.1
describing the results of the annual meeting of shareholders, including the
change of its corporate name to Wilshire Enterprises, Inc.

ITEM 7.         Financial Statements and Exhibits

                a. Not applicable.

                b. Not applicable

                c. Exhibits

                The following exhibit is filed with this report:

                        Exhibit Number       Description
                        --------------       -----------

                        99.1                 Press release dated June 30, 2003









                                      -2-




                                    SIGNATURE

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.


Dated:  June 30, 2003                        WILSHIRE ENTERPRISES, INC.
                                             (Registrant)



                                             By:  /s/ Philip Kupperman
                                                  ------------------------
                                                  Philip Kupperman
                                                  President






                                      -3-

EX-99.1

WILSHIRE OIL COMPANY                                FOR IMMEDIATE RELEASE
ANNOUNCES NAME CHANGE TO                            AMEX: WOC
WILSHIRE ENTERPRISES, INC
AT ANNUAL MEETING

         Jersey City, New Jersey, June 30, 2003, - - - S. Wilzig Izak, Chairman
and Chief Executive Officer of Wilshire Oil Company of Texas, announced today at
the Company's Annual Meeting of Shareholders in Delaware, that the shareholders
approved all of the Board of Directors' recommendations, including changing the
Company's name to Wilshire Enterprises, Inc., effective immediately.
Approximately 90% of the shares voted were in favor of the Board's nominees for
Directorship. In addition, two proposals brought by two individual shareholders,
and not recommended by the Board, were defeated by a 3 to 1 margin.

         Ms. Izak stated, "We believe that our new name, Wilshire Enterprises,
Inc., will maintain the well-known 'Wilshire' name, while not limiting our
future direction." As previously announced, Wilshire has authorized its
investment bankers to seek purchasers of its oil and gas exploration and
production business. At the time, Ms. Izak was quoted as saying that while
Wilshire is pursuing such a sale, "we are not exploring any one path at the
exclusion of others. Our focus remains on maximizing shareholder value whether
by selling one or more portions of our Company to acquirers willing to pay fair
value or by continuing our current combined oil & gas and real estate business."

         In addition to not projecting the Company's current strategic
direction, the Company's former name no longer fully described the Company's
current business. Today, prior to any potential sale of its oil and gas
operations, the Company's real estate business has grown to the point where it
now accounts for approximately 70% of the Company's revenue.

         With the new name change, Wilshire will maintain its current symbol,
"WOC", on the American Stock Exchange. All certificates in the former name,
Wilshire Oil Company of Texas, are still valid and need not be replaced.

         Commenting on the successful meeting, Ms. Izak stated, "Particularly in
the current environment where shareholders are finding much to criticize in the
managements that lead them, we are especially gratified to have the support and
confidence of our shareholders. I believe in rejecting the board opposed
proposals, the shareholders recognized that our Board is dedicated to acting in
the best interest of all shareholders. We are most appreciative and will work
hard to continually maintain their trust."



Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of
the Private Securities Litigation Reform Act of 1995. All statements included
herein other than statements of historical fact are forward-looking statements.
Although the Company believes that the underlying assumptions and expectations
reflected in such forward-looking statements are reasonable, it can give no
assurance that such expectations will prove to be correct. The Company's
business and prospects are subject to a number of risks which could cause actual
results to differ materially from those reflected in such forward-looking
statements, including uncertainties inherent in any attempt to sell a portion or
the entire business at an acceptable price, volatility of oil and gas prices,
the need to develop and replace reserves, risks involved in exploration and
drilling, uncertainties about estimates of reserves, environmental risks
relating to the Company's oil and gas and real estate properties, competition,
the substantial capital expenditures required to fund the Company's oil and gas
and real estate operations, market and economic changes in areas where the
Company holds real estate properties, interest rate fluctuations, government
regulation, and the ability of the Company to implement its business strategy.