Combine your beeswax, oils, and butters in a double-boiler  (I use this one) or canning jar.

If using a jar, place it down into a saucepan that has 1-2 inches of water in the bottom. Place saucepan over a medium-low burner until the wax is melted. Stirring occasionally.

Remove from heat and add essential oils, and pour into small tins. Allow the lip balm to cool for several hours or overnight before closing the container. Once cooled, cap and store out of direct heat and sunlight.