Not really. The only downside of olive oil is that it has a lot of calories. Olive oil, in fact has lots of health benefits. Studies have shown that, people who consume olive oil regularly, have a lower risk of heart diseases. Also, the chances of stroke are reduced significantly. If you're concerned about the calorie content of the olive oil, then you can try using extra virgin olive oil. This oil is the purest form of olive oil and does not undergo any processing. Olive oil also rich in omega 3 fatty acids, that is helpful in reducing the bad cholesterol in our bodies.