The present invention relates to a lubricating grease, which comprises base oil, 12-hydroxystearic acid, lithium hydroxide, potassium hydroxide, petroleum calcium sulfonate, rosin, vegetable oil, (NH4)xMoS2, a first solid additive, a second solid additive, a first composite modifier comprising trioctylmethylammonium bromide, glycerol and polytetrafluoroethylene, a second composite modifier comprising diphenylamine, 2,6-di-tert-butyl and benzotriazole, and a third composite modifier comprising sulfurized cottonseed oil T404, bis(2-mercapto-4-n-propylamino-1,3,5-triazine)thioether and bis(2-mercapto-4-cyclopentylamino-1, 3,5-triazine)thioether. The lubricating grease of the present invention has advantages of good sealing performance, strong corrosion resistance, excellent anti-wear performance, and excellent anti-extreme pressure performance.