Bear oil and beeswax makes an excellent combination for lip balm due to each of their unique properties and benefits.  Bear oil is rich in essential fatty acids, including omega-3 and omega-6, which are highly nourishing and moisturizing for the skin. When applied to the lips, bear oil helps to hydrate and soften the delicate lip tissue, preventing dryness and chapping while sealing in moisture, keeping the lips supple and preventing further moisture loss.
Beeswax: Beeswax is a natural emollient that forms a protective layer on the lips, acting as a barrier against harsh weather conditions, UV-rays and pollutants, shielding the lips from damage.  Beeswax also helps to lock in moisture, preventing dehydration.