That's one method; it results in a more consistent collection of molecules, but still not as consistent as oil synthesized from uniform small molecules.
The other method is fully synthesize the long-chain oil molecules from small molecules, resulting in a very consistent oil that has few light molescules that will evaporate and, thus cause the lub to thicken over time.
A fully synthetic lube with carefully chosen, high quality additives lasts longer, remain 'liquid' at much lower temperatures, maintains its viscosity longer, and generally lubricates much better than 'similar' lubes created through fractional distilling methods.