Sedimentary basins in the Yellow Sea can be grouped tectonically into the North Yellow Sea Basin (NYSB), the northern basin of the South Yellow Sea (SYSNB) and the southern basin of the South Yellow Sea (SYSSB). The NYSB is connected to Anju Basin to the east. The SYSSB extends to Subei Basin to the west. The acoustic basement of basins in the North Yellow Sea and South Yellow Sea is disparate, having different stratigraphic evolution and oil accumulation features, even though they have been under the same stress regime since the Late Triassic. The acoustic basement of the NYSB features China-Korea Platform crystalline rocks, whereas those in the SYSNB and SYSSB are of the Paleozoic Yangtze Platform sedimentary layers or metamorphic rocks. Since the Late Mesozoic terrestrial strata in the eastern of the NYSB (West Korea Bay Basin) were discovered having industrial hydrocarbon accumulation, the oil potential in the Mesozoic strata in the west depression of the basin could be promising, although the petroleum exploration in the South Yellow Sea has made no break-through yet. New deep reflection data and several drilling wells have indicated the source rock of the Mesozoic in the basins of South Yellow Sea, and the Paleozoic platform marine facies in the SYSSB and Central Rise could be the other hosts of oil or natural gas. The Mesozoic hydrocarbon could be found in the Mesozoic of the foredeep basin in the SYSNB that bears potential hydrocarbon in thick Cretaceous strata, and so does the SYSSB where the same petroleum system exists to that of oil-bearing Subei Basin. Sedimentary basins in the Yellow Sea can be grouped tectonically into the North Yellow Sea Basin (NYSB), the northern basin of the South Yellow Sea (SYSNB) and the southern basin of the South Yellow Sea (SYSSB). The NYSB is connected to Anju The to base of the North Yellow Sea and South Yellow Sea is disparate, having different stratigraphic evolution and oil accumulation features, even though they have been under the same stress regime of the Late Triassic. The acoustic basement of the NYSB features China-Korea Platform crystalline rocks, especially those in the SYSNB and SYSSB are of the Paleozoic Yangtze Platform sedimentary layers or metamorphic rocks. Since the Late Mesozoic terrestrial strata in the eastern of the NYSB (West Korea Bay Basin) were discovered having industrial hydrocarbon accumulation, the oil potential in the Mesozoic strata in the west depression of the basin could be promising, although the petroleum exploration in the South Yellow Sea has made no break-through yet. New deep reflection data and several drilling wells have indicated the source rock of the Mesozoic in the basins of South Yellow Sea, and the Paleozoic platform marine facies in the SYSSB and Central Rise could be the other hosts of oil or natural gas. The Mesozoic hydrocarbon could be found in the Mesozoic of the foredeep basin in the SYSNB that bears potential hydrocarbon in thick Cretaceous strata, and so does the SYSSB where the same petroleum system exists to that of oil-bearing Subei Basin.