Although graphite derivatives, such as graphene, graphene oxide, and reduced graphene oxide, have been widely used as lubricating oil additives to reduce friction and wear, their synthesis either proceeds with complicated procedures in low yield, suffering from high cost, or involves the utilization of highly corrosive chemicals, raising safety and environmental concerns. Therefore, the direct use of pristine graphite as a lubricating oil additive is indispensable for practical tribological applications. However, the realization of this idea has been seriously hampered by the incompatibility of graphite with lubricating base oils. In this work, we report a rational strategy to directly disperse graphite in base oils in the form of oleogels assisted by pyrene functionalized telechelic polymers under mild condition. The resulting oleogels exhibit long-time colloidal stability for more than one year, wherein the graphite has been exfoliated to in situ form graphene through π-π interactions with the pyrene-containing telechelics. Moreover, compared with the base oil, the graphite-based oleogels are found to exhibit remarkable reductions in friction and wear by up to 52% and 97%, respectively. Significantly, such tribological performances are comparable to those of exfoliated graphite derivatives. Taken collectively, directly using pristine graphite as a lubricating oil additive with superior tribological properties represents a revolutionary approach to create low-cost, green, and high-performance lubricants just based on pristine layered materials without involving any pre-exfoliations.