This disclosure provides low viscosity, low volatility alkylated siloxane compounds and alkylated alkoxy silane compounds. This disclosure also provides processes for producing the alkylated siloxane compounds and alkylated alkoxy silane compounds, and lubricating oil basestocks and lubricating oils containing one or more of the alkylated siloxane compounds or one or more of the alkylated alkoxy silane compounds. This disclosure further provides a method for improving one or more of solubility and dispersancy of polar additives and/or sludge in a lubricating oil by using as the lubricating oil a formulated oil containing one or more of the alkylated siloxane compounds or one or more of the alkylated alkoxy silane compounds.