This paper investigates the use of loaded Co/BETA molecular sieve catalysts for the selective oligomerization of isobutylene. The physicochemical properties of Co/BETA molecular sieves were characterized using XRD, BET, NH3-TPD, FT-IR, XPS, and Py-FTIR. The effects of different active component loadings, reaction temperatures, and reaction air velocities on the selective oligomerization of isobutylene were investigated in a fixed-bed reactor. The results showed that the catalytic effect was optimal when the Co loading was 6%, the reaction temperature was 60 °C, the reaction pressure was 1 MPa, and the reaction air speed was 1 h−1. The isobutylene conversion was greater than 74%, the C8= selectivity was approximately 70%, and the C8= yield reached 51.69% with minimal loss of n-butene, providing good catalytic capacity and efficiency.