Combining PP and PS waves from multicomponent data is an effective hydrocarbon characterization strategy because these two wave types are sensitive to different subsurface properties. We develop a case study using multicomponent data to characterize tight sandstone gas reservoirs in the Jurassic Shaximiao Formation, the western Sichuan Basin, China. In the study area, with PP data it is difficult to distinguish sandstones, mudstones, and gas sand, whereas recently acquired multicomponent data indicate potential for the joint characterization of lithology, porosity, and gas saturation from the combination of PP and PS reflections. Sandstones and mudstones have small P-wave velocity contrasts and large S-wave velocity contrasts. Thus, PS data provide a more accurate description of sandstones, as a substantial proportion of sandstones are undetectable from PP sections. P impedance is sensitive to sandstone porosity variation, and seismic-predicted porosities based on impedance inversion are in good agreement with log-interpreted porosities. The ratio of P-wave velocity to S-wave velocity is sensitive to gas accumulation, and the ratios derived from joint PP-PS prestack inversion are determined to be better than from PP prestack inversion in terms of their agreements with logs and distinct gas-sand boundaries.