No.... Yes it was invented on an Oil Rig from a substance clogging the workers drills but it is not actually petroleum.
Active Ingredients: Petrolatum. Other Ingredients: Water, Aluminum Starch Octenylsuccinate, C12-15 Alkyl Lactate, Myreth-3 Myristate, Glycerin, Cetearyl Alcohol, Microcrystalline Wax, Tocopheryl...
a bit
white petroleum jelly is a substance like Vaseline, that is used in experiments for bacteria to grow and feed off.
I think there are better creams that would allow your pores to breathe and which would not be as sticky. That said, my mother always had me use zinc oxide for my acne--white face!