The Arctic Ocean is rapidly warming. In this paper, we document changes in the source, distribution, and accumulation rate of organic matter (OM) for three sediment cores in the Bering and Chukchi seas to investigate changes to the oceanic carbon cycle over the past ∼75 years. Analyses were undertaken using bulk properties, such as total organic carbon (OC), total nitrogen (TN), stable carbon isotope (δ13C), OC to TN molar ratio (C/N), and biomarkers (lignin phenols). The OC, TN, and lignin (Σ8, in mg (g sediment)−1) contents were found to be significantly related to the fraction of sand (Sand%) as a result of sediment sorting and/or different sediment sources. Using an end-member mixing model, we estimated marine OM accounted for ∼67% of all organic matter in all cores, being the dominant source. Moreover, terrestrial OM mainly originated from angiosperm non-woody tissue, while moss contribution was negligible. In the Bering Sea shelf, OC% has not changed over time, but there have been some extreme peaks around the 1960s–1970s and in 2005, which correspond to increased terrestrial input from North American rivers. In the southern core from the Chukchi Sea, the OC% showed an apparent decrease after 2000, accompanied by an increase in sand content, likely due to enhanced delivery of volcanic rocks by the Pacific Inflow from the Bering Sea. In contrast, in the northern core from the Chukchi Sea, the OC% showed a significant increasing trend, with some peaks occurring at the same time as in the Bering Sea core. The mean increase rate was compared to the increase in Siberian riverine discharge, which both could be caused by long-term climate changes. The results highlight the regional differences in the response of OC preservation to climate change and other controlling factors. Further studies with higher spatial resolution are required to better understand the preservation of OC in response to climate change.