In the field of log interpretation of tight sandstone and shale reservoirs, it is difficult to quantitatively evaluate the fracture distribution parameters (fracture azimuth angle and fracture dip angle) near the borehole. Multi-component induction logging can measure the apparent resistivities of the reservoir in different directions by an orthogonal coil system, which lays a foundation for the quantitative evaluation of the fracture distribution parameters near the borehole. First, we derive the finite element equations for numerical calculation from the Maxwell equations for the time-harmonic field and construct a three-dimensional (3D) vector finite element numerical algorithm for the fractured formation. Second, we quantitatively analyze the multi-component induction logging detection characteristics of the fracture azimuth and dip angles. Third, we establish a fast extraction method of the fracture azimuth angle based on coordinate system rotation and an analytical calculation method of the fracture dip angle using the combination of cross components and coplanar components of multi-component induction logging. Finally, we use field data to test the fracture distribution parameter extraction method, and the fracture dip and azimuth angles calculated by multi-component induction logging are consistent with those calculated by borehole imaging logging, which realizes the fast extraction of the distribution parameters of fractures in tight sandstone and shale reservoirs.