No, it doesn’t. Protection Cream uses both chemical sunscreens and physical sunscreens, but it does not contain Oxybenzone and Octinoxate. The chemical sunscreens used in the formulation of Protection Cream use a special technology known as “encapsulation,” nicknamed “Sunglasses for the skin.” This technology basically “encapsulates” chemical sunscreens in non-irritating pearls. The benefits of this technology is: The chemical sunscreens do not come in contact with the skin, eliminating the concern about potential skin irritation.  The technology makes chemical sunscreen, which tends to degrade faster in direct sunlight, more stable, making it more effective for a longer period of time. Unlike pure physical sunscreen, it does not have white cast and spreads easily.