The invention discloses a processing method of a low temperature resistant and oil resistant rubber sealing ring, and relates to the technical field of sealing ring processing. The method comprises the following technical steps: (1), batching, (2), mixing, (3), vulcanizing, (4), freezing, (5), performing additional vulcanization, and (6), performing finish machining. The method has the advantagesthat nitrile rubber and rear earth butadiene rubber are taken as rubber main materials, and are matched with kaoline, sea-foam stone powder and various functional additives, so that the sealing ring is formed, the sealing ring has excellent mechanical property, and particularly has excellent low temperature resistance, oil resistance and compressive deformation resistance, the sealing effect of the sealing ring in low-temperature environment is guaranteed, and the service life of the sealing ring in the low-temperature environment is prolonged.