Being an Agricultural engineer and professional industrial lubricator, I have had access to all sorts of lubricants and water displacers over the years including; Agricastrol, Texaco, Century, Fuchs, Graphol, Kluber, Shell, WD40, etc. to name but a handful. The Chain on my Falcon Explorer Hybrid has been lubricated a grand total of 4 times in 4 years over some 12-13,000 miles with 3 in 1 PTFE spray oil, and I have absolutely no complaints as the chain is showing only minimal wear, always disperses water, and has remained reasonably clean in all riding conditions.
I now use only 2 lubricants for my complete bicycle maintainence requirements: 3 in 1 PTFE spray oil, and Agricastrol MP grease. I have found both to be greatly superior to everything else I have used.
For penetration purposes, and releasing rusted items, Graphol is by far the very best, but I don't think that it is available these days. I still have another 7 & 1/2 bottles left from a case of 12 that I purchased some 20 years ago: so I think that'll see me through until retirement.