The invention discloses a waterproof oilproof temperature-resistant anti-aging cable material which is prepared from, by weight, butadiene styrene rubber, fluororubber, linear low-density polyethylene, fluorocarbon resin, hydrogen-containing silicon oil, modified kaolin, carbon black, ammonium polyphosphate, glass fiber, vermiculite, triethanolamine, nickel, chromium, calcium carbonate, nano silicon dioxide, ethylene glycol, oxide powder, sulfur, stabilizer, plasticizer, flame retardant and fish oil. The invention further discloses a preparation method of the cable material. The cable material is extensive in raw material source, simple in preparation process, low in production cost and suitable for large-scale industrial production. The butadiene styrene rubber, the fluororubber and the fluorocarbon resin are matched in use and are high in compatibility; sulfur is adopted as a vulcanizing agent to be matched with modified kaolin, the fish oil, the stabilizer, the plasticizer and the flame retardant, so that the prepared cable material has excellent heat resistance, wear resistance, oil resistance, tear resistance and compressive deformation resistance, long service life and wide application range.