The Yanchang Formation of the Triassic in the Ordos Basin comprises various stratigraphic intervals. The Chang 8 reservoir represents a significant oil-producing section of the Yanchang Formation, and its hydrocarbon accumulation mechanism is complex. In this study, we analyzed the diagenetic evolution and reservoir-forming stages of the Chang 8 member of the Yanchang Formation in the Late Triassic in the Fuxian area, the southern Ordos Basin, via thin-section casting, scanning electron microscopy (SEM), X-ray diffraction, and fluid inclusion petrology and homogenization temperature analyses. The relationship between the petrogenesis and hydrocarbon charging history was analyzed, which provided guidance for identifying and predicting the hydrocarbon reservoir distribution. The results show that the main diagenesis types of the Chang 8 reservoir are compaction, cementation, dissolution, and metasomatism. The comprehensive analysis of the reservoir mineral types, diagenesis, diagenetic sequence, and thermal evolution degree of organic matter shows that the Chang 8 reservoir of the Yanchang Formation is in the A stage of the middle diagenesis stage. Under the overpressure of hydrocarbon generation, oil and gas migrated into the Chang 8 reservoir along fractures and connected pores. The earlier-stage hydrocarbon charging occurred after compaction and later than the early clay film formation and early calcite precipitation, and it also occurred earlier than or simultaneously with the quartz overgrowth. The later hydrocarbon charging occurred after the significant quartz overgrowth and late calcite pore filling. Depending on the homogenization temperature and salinity, the fluid inclusions can be divided into two types: low-temperature, low-salt (90–105 °C, 1.4%–11.2%) fluid inclusions and high-temperature, high-salt (115–120 °C, 2.2%–12.5%) fluid inclusions. According to the analysis of the evolution of the burial history, hydrocarbon charging in the Chang 8 reservoir of the Yanchang Formation in the Fuxian area occurred in two consecutive periods: 133~126 Ma and 122~119 Ma, demonstrating one-scene, two-stage reservoir formation, characterized by simultaneous reservoir densification and hydrocarbon charging. In this research, we precisely ascertained the regional diagenetic characteristics and patterns and periods of hydrocarbon charging, thereby furnishing crucial evidence that deepens the comprehension of sedimentary basin evolution.