Using an optical elastohydrodynamic lubrication (EHL) test rig, oil film thickness and the coefficient of friction (COF) were measured, and the influence of stearic acid additive on the EHL performance of mineral oil 2137 was investigated. The results showed that 2137 with 0.3 wt% stearic acid (denoted to as 2137s) achieved the same film thickness as 2137, while the COF of 2137s was significantly lower than that of 2137 when the contact was under conditions of a fully lubricant supply. Under conditions of limited lubricant supply, 2137 base oil was prone to oil starvation with the increase of entrainment velocity. On the other hand, 2137s significantly mitigated the oil starvation. This was attributed to the fact that lower surface energy by the adsorption of stearic acid results in discontinuous oil-droplet distribution on the lubrication track and, therefore, early pressure generation. Moreover, it is interesting to find that less 2137s supply quantity can produce higher film thickness when the contact is at high speeds, which is attributed to the fact that a smaller quantity of 2137s gives smaller droplets on the lubrication track, and the resultant small surface area–volume ratio presents oil more resistance to the centrifugal force and results in less oil escaping from the lubrication track. The addition of stearic acid reduced the average COF of 2137 mineral oil by about 13.3%