In this study, twenty-six core shale samples were collected from the marine Lower Paleozoic shale in a well in the northeastern margin of the Yangtze Platform. Analyses of TOC content, mineral composition, major elements, along with trace and rare earth elements were conducted on the samples. The results were used to investigate the depositional conditions and their effects on organic matter accumulation and preservation. Generally, the sedimentation period of Niutitang Formation shale was in a cold and arid climate with anoxic marine environments, while the shale from Wufeng-Longmaxi Formation was formed in a warm and humid climate with oxic marine environments. In addition, the Wufeng-Longmaxi and Niutitang formations are characterized by low paleo-productivity. The organic matter enrichment for shale in this study could be simultaneously controlled by paleo-redox state and paleo-productivity. Organic matter enrichment of the Niutitang shale is mainly driven by preservation rather than productivity, while the dominant driving factor is the opposite for the Wufeng-Longmaxi shale. Additionally, palaeoclimate and terrestrial influx intensity were found to significantly impact the organic matter enrichment in the Wufeng-Longmaxi shale. The findings have implications for the understanding of the sedimentary processes, organic matter enrichment and preservation and shale gas potential of the study area.