AbstractExperimental investigation of the elastic behaviours of lacustrine shales remains sparse, although they play an essential role in source rock evaluation, unconventional reservoir exploration and development, and the seal integrity evaluation for geological storage of CO2 and nuclear waste disposal. We make the ultrasonic velocity measurement of 63 organic‐rich shale samples (Chang 7, Qingshankou and Lucaogou formation) from three typical lacustrine basins in China. It is found that the P‐ and S‐wave velocity of Chang 7 and Qingshankou shale corresponding to the fresh‐brackish lacustrine depositional environment is mainly impacted by the clay and organic matter content, whereas their elastic anisotropic magnitude is mostly influenced by clay content. The P‐ and S‐wave velocities of Lucaogou shale corresponding to the saline lacustrine depositional environment are mainly affected by the total organic carbon and porosity and exhibit weak anisotropy linked to organic matter enrichment. Exponential law well captures the relationship between anisotropic magnitude and velocity perpendicular to bedding for both saline and fresh‐brackish water lacustrine shales, although there exists notable discrepancy, particularly at low velocities. The disparity in elasticity between laminations has a profound impact on the magnitude of elastic anisotropy and shapes the trend of velocity variations.