Oil shale is a kind of high-combustion heat mineral, and its oxidation in mining and storage are worth studying. To investigate the low-temperature oxidation characteristics of oil shale, the temperature, CO, alkane and alkene gases were analyzed using a temperature-programmed device. The results showed that the temperature of oil shale underwent three oxidation stages, namely a slow low-temperature oxidation stage, a rapid temperature-increasing oxidation stage, and a steady temperature-increasing stage. The higher the air supply rate is, the higher the crossing point temperature is. Similar to coal, CO also underwent three stages, namely a slow low-temperature oxidation stage, a rapid oxidation stage, and a steady increase stage. However, unlike coal, alkane and alkene gases produced by oil shale underwent four stages. They all had a concentration reduction stage with the maximum drop of 24.20%. Statistical classification of inflection temperature of various gases as their concentrations change showed that the temperature of 140 °C is the key temperature for group reactions, and above the temperature of 140 °C, all alkane and alkene gases underwent the rapid concentration increase stage.