The Eocene Shahejie Formation in the Bohai Bay, Eastern China is known to contain important petroleum source rocks. Here, a new, large set of geochemical, petrographical and mineralogical data obtained on 41 samples from 9 wells within the North Dongpu Depression is presented in order to investigate organic matter precursor material, thermal maturity as well as paleoenvironment during deposition of the Es3U, Es3L, Es3M and Es4U members within the Eocene Shahejie Formation. These shales and marlstones from the four sub-members show low to moderate TOC contents (up to 5%) with highest values in the Es3U member; quartz content is at about 10% and carbonate content is variable, partly reaching more than 40%. A range of different maturity parameters was determined indicating early mature to peak oil mature stages, and maturity increase with burial depth. Throughout, alginite is the predominant maceral, whereas both vitrinite and inertinite are rare. Hydrogen index values are highly variable, ranging from about 100 to 700. Distinctly different biomarker assemblages indicate variable depositional environments and organic matter inputs between the four intervals. The Eocene Shahejie shales and marlstones in the study area were deposited under episodic photic zone anoxia as revealed by the presence of aryl isoprenoids. Bottom water conditions were anoxic during most of the time, except for Es3M, as indicated by several parameters, e.g. low pristane/phytane ratios. In north Dongpu Depression Es4U displays a fairly uniform biomarker composition, which indicates relatively stable hypersaline lake conditions with a shallow chemocline based on the high Gammacerane Index > 0.6 and abundant aryl isoprenoids. Water salinity changed during deposition of Es3L according to variable C24 tetracyclic terpanes related parameters and evaporite minerals content. The aquatic algal organisms, i.e. haptophyte algae, diatoms and bryophytes which are reflected by abundant nC37–39 alkanes, a variable sterane pattern and other biomarkers, were flourishing during Es3L. Additionally, specific PAHs, i.e. retene, cadalene, fluoranthene, indeno[1,2,3-cd]pyrene and benzo[ghi]perylene also have been identified in small concentration in Es3L, which may be attributed to limited terrigenous organic matter input. Es3M was deposited in a normal lacustrine environment under rather low salinity conditions with substantial input of organic matter derived from algae. During Es3U, saline lake conditions were re-established accompanied by input of both algal and microbial organic matter, especially cyanobacteria as deduced from MMAs and 2α-MeHs, methanogens as deduced from abnormally abundant phytane, PMI, squalane, and methanotrophs from 3β-MeHs.