Oxidation is a chemical reaction that occurs in lubricants upon exposure to an oxidizing agent such as oxygen and can be catalyzed by copper and iron. Antioxidants are a group of chemicals that can be used in the formulation of lubricants to stop or reduce the rate of oxidation. Based on the mechanism of action, antioxidants are categorized as primary antioxidants (radical scavengers), secondary antioxidants (Peroxide decomposers), and metal deactivators (complex-forming or chelating agents). Selection of the antioxidants in a formulation is a critical decision that depends on the base oil, application and other ingredients in the formulations. Presence of some other ingredients in the product with antagonistic behavior may suppress the role of antioxidants; however, optimal application of antioxidants with synergistic behavior would increase the stabilization impact of the ingredients on the base oil.