Described are various formulations of lubricant additive composition comprising an additive base oil, a chlorinated paraffin, and a first antioxidant that can be used as a stand-alone lubricant or can be used in an additive package that can be added to another lubricant composition (e.g., an engine oil, a transmission fluid, a turbine oil, a gear oil, a grease, etc.). Also described are various engine oil composition comprising the lubricant additive composition.