Frankincense Essential Oil has been used for thousands of years. It has a wide range of benefits from helping oily skin to controlling acne. Frankincense is also said to treat the appearance of wrinkles, age spots, scars, and stretch marks, making it a great anti-aging ingredient. The boswelli acids that are found in frankincense are used for their anti-inflammatory properties in ayurvedic medicine. Studies have proven frankincense's effectiveness at treating asthma.