Thermal stability in combustion reaction for natural graphite, graphene and several expanded graphite phases were studied; the kinetic parameters of the oxidation reaction were calculated for two samples. Natural graphite (crystalline particles 200 -300 µm) has the maximum stability (E 1 = 201 ± 2 kJ/mol, lg A 1 = 7.1 ± 0.1), while multilayer graphene is the most reactive (E 2 = 120 ± 1 kJ mol −1 , lg A 2 = 4.3 ± 0.10). The different sample grain sizes and their different structures result in different thermal stabilities: both in the reaction zones location (i.e. in the topochemical equation forms), and in the kinetic parameters' values.