The characteristics of petroliferous plays in subtle traps within a sequence stratigraphic framework in the Dongying Depression are investigated in this study. Sand bodies within lowstand systems tracts (LSTs) of sequences, comprising incised-channel fills, sublacustrine fans, deltas in LSTs, controlled by syndepositional normal faults, and sand bodies within transgressive systems tracts (TSTs) to early highstand systems tracts (HSTs), consisting of beach bars, and turbidites, controlled by the prodelta slope, paleorelief, and syndepositional normal faults, are good subtle reservoirs. Mudstones and shale of deep lake subfacies in TSTs to early HSTs of sequences are source and cap rocks. Abnormal overpressure is the dominant dynamic factor for hydrocarbon migration from source rock to the subtle traps. Normal faults, sand bodies, and unconformities function as conduit systems. Sand bodies distributed in the abnormal overpressure source rocks within LSTs to early HSTs are petroliferous plays in lithologic traps. The petroliferous plays in stratigraphic traps are controlled by unconformities at margins of the Depression.