Does Cool Whip Have Oil in It? A Deep Dive into What's Really in Your Topping
                                
                                
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                                    3 min read                                
                            
                                According to the ingredient list on a tub of Cool Whip, the second or third ingredient is hydrogenated vegetable oil, confirming that this whipped topping definitely contains oil. This key ingredient helps give Cool Whip its signature stable texture and long shelf life, distinguishing it from traditional whipped cream.