Remove it from the stock, strip it. Apply lanacote( from CRC) on major parts with an old touth brush.
On moving parts ( trigger, bolt)I use wd40 or CRC long life.
For the wood, if it is dry and clean on the inside, you can seal it with varnish or araldite clear applied with a latex glove.but not where the action is resting( that should be properly bedded)
If wood is oily , then use a wax or linseed oil .
The outside of your stock should already be protected.
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