The invention discloses a method for producing a heat-resisting oil-resisting cable sheath, which belongs to the technical field of cable line, the method comprises the following steps: 1) preparing materials, taking the following raw materials by weight: 80-90 parts of a SG-1 type resin, 10-15 parts of a plasticizer, 4-6 parts of a compound stabilizer and 2-3 parts of an antioxidant, carrying out material preparing grinding, fully mixing, grinding until fineness is less than or equal to 80 [mu]m, and obtaining a main material after grinding; 2) adding 20-30 parts of a filler in the main material, uniformly stirring and regrinding until the fineness is less than or equal to 65 [mu]m, and obtaining the main material after regrinding; 3) controlling the temperature at 60-75 DEG C and kneading the regrinded main material for 5-10 minutes; 4) carrying out plastic extruding, wherein the temperature is controlled at 150-160 DEG C; and 5) carrying out plastication to obtain the finished product, wherein the temperature is controlled at 165-175 DEG C. The method can keep heat-resisting and oil-resisting performances of the cable sheath, heavy metal poisoning can be prevented when the cable sheath is heated due to no lead and cadmium in the formula,, and the cable sheath has the advantages of environment protection and durability.