Palmer's Olive Oil Formula Body Lotion. Loaded with vitamins and minerals that act as antioxidants, Olive Oil is a long prized skin protectant and moisturizer. The lipid profile for Olive Oil is nearly identical to skin's lipid profile making it very easily absorbed, with no irritation. Extra Virgin Olive Oil is the purest olive oil meeting the strictest organic quality standards from the first cold pressing of the fruit. As this creamy lotion penetrates, skin immediately feels soothed and softened.