The Moxi–Gaoshiti Bulge of the Sichuan Basin in southwestern China is unique because it provides insights into the geochemistry of Lower Cambrian reservoir bitumens and their geological significance for paleo-oil reservoirs. Analyses of biomarkers, carbon isotopes, trace elements (TE) and rare earth elements (REE) were conducted on reservoir bitumens and the associated source rocks to constrain sedimentary environments and bitumen/paleo-oil sources. Based on biomarkers, carbon isotopes, TE ratios and REE distribution patterns, both of the Cambrian Qiongzhisi (Є1q) and Sinian Dengying (Z2dn) source rocks can be hydrocarbon sources for the Cambrian Longwangmiao (Є1l) bitumens in the MG Bulge (Lower Cambrian Doushantuo Formation not discussed here). Abundant n-alkanes relative to isoprenoids, significant C21 and C22 steranes, predominance of dibenzothiophene (DBT), and low ratios of biomarkers, such as Pr/Ph, DBT/P, C22TT/C21TT and C35H(22S)/C34 H(22S) indicated that the source rock was characterized as shale from an overall highly reducing marine depositional environment. The average δ13C values from the compositions of the solid bitumens show an abnormal order: saturate hydrocarbons < asphaltenes < N-S-O compounds < aromatic hydrocarbons, suggesting that high temperature might affect the normal fractionation among different organic matter fractions. The reservoir bitumens are enriched in Mo, Tl, Pb and Ba, strongly depleted in Bi Compared to PAAS, and mostly well correlated in the REE distribution patterns. In the primary migration pathways suggested by the DBT concentration, the parameters ∑REE and Zr/Cu show an overall increase, and the ratios V/Ni, Ni/Co, V/Zr and V/Cr have decreasing trends. The comprehensive analyses of molecular biomarkers, carbon isotopes, TE and REE in pyrobitumens of the highly mature reservoirs in this study suggest a potential means to study paleo-oil reservoirs, and can thus provide valuable information for deep oil and gas exploration in Precambrian – Lower Cambrian petroleum systems.