The invention relates to a waste gas treatment device and method for a lubricating oil production line. The waste gas treatment device comprises a cylinder body, a glass fiber filter, spray heads, filler layers, an active carbon adsorption layer, a circulating water pump, a liquid storage tank and a dosing tank, wherein the glass fiber filter is arranged at an air inlet in the lower end of the cylinder body, the filler layers are fixed in the middle in the cylinder body, the spray heads are correspondingly arranged above the filler layers, the active carbon adsorption layer is correspondingly arranged above the spray heads, the circulating water pump is arranged on the liquid storage tank and is connected with the spray heads, and the dosing tank is communicated with the interior of the liquid storage tank through a dosing pump. According to the waste gas treatment device and the waste gas treatment method, by carrying out several procedures of water absorption, water removal and active carbon adsorption, harmful substances in the waste gas generated in a production process of lubricating oil can be greatly reduced and are far lower than national discharge standards; the device has the advantages of low resistance, low energy consumption, low noise, high processing efficiency, high corrosion resistance, high strength, convenience in dismounting and maintaining, lightness, durability and the like.