Cytochrome P-450 mono-oxygenase enzymes play a key role in the oxidative transformation in living systems. As one kind of cytochrome P-450 models, metalloporphyrins have been widely used in selective oxygenation of hydrocarbons under mild conditions. The chapter focuses on reviewing the biomimetic homogeneous oxidation of organic compounds catalyzed by metalloporphyrins with green oxidants such as dioxygen or hydrogen peroxide, in which the oxidized substrates include alkanes, olefins, alcohols, aldehydes, sulfides etc. The mechanisms for the oxidation of different substrates were also described. We can assume that the coming decade is going to be dedicated to the development of metalloporphyrins biomimetic catalyst in petrochemical and fine chemical industries.