Here is a product that gives you the protection of a lip balm and at the same time gives the color of a lipstick: ColorBalm. It combines botanicals that are lip-quenching with natural ingredients, giving you all the benefits of both lip balm and color! 
ColorBalm has been formulated carefully. It has been based upon herbs’ and botanicals’ natural properties. Only small batches are produced so as to ensure quality, product standardization, and effectiveness of products. No artificial ingredients are included: no petrochemicals, and no fragrances in their lipsticks.
Ingredients (source: product brochure): canola oil, ricinus communis (castor) seed oil, cocos nucifera (coconut) oil, sesamum indicum (sesame) seed oil, butyrospermum parkii (shea butter) fruit, beeswax, theobroma cacao (cocoa) seed butter, copernicia cerifera (carnauba) wax, tocopherol (vitamin e), origanum vulgare (oregano) leaf extract, thymus vulgaris (thyme) extract, cinnamomum zeylanicum (cinnamon) bark extract, rosmarinus officinalis (rosemary) leaf extract, lavandula angustifolia (lavender) flower extract, hydrastis canadensis (golden seal) root extract. May Contain: titanium dioxide, iron oxides, ultramarine blue, carmine, manganese violet.
Photo source: here