Palmer’s Coconut Oil SPF 15 for Lip Balm Lip Balm is a rich, creamy lip balm that prevents chapping, cracking, and environmental harm from the sun or wind while keeping lips nourished all day. NON-HUMAN NATURE: Dry lips are rehydrated and renewed by coconut oil, kept supple and smooth by tahitian monoi, and sealed in moisture by sweet almond oil. provides moisture continuously.