The invention relates to a method for removing residual oxygen in a product flow of ethylene preparation by ethane catalytic oxidative dehydrogenation, wherein the method comprises the following steps: (1) feeding mixed raw material gas into an oxidative dehydrogenation reactor for reaction, carrying out waste heat recovery and cooling on the obtained crude product gas, and then feeding the crudeproduct gas into a gas-liquid separation tank for gas-liquid separation; (2) cooling a gas phase at the top in the gas-liquid separation tank, feeding the cooled gas phase into an absorption tower, and obtaining deacidified gas from the top of the absorption tower under the action of a tower top absorbent; and (3) feeding the obtained deacidified gas into a deaerator, and deoxidizing to obtain a deoxidized crude product. Compared with the prior art, the treatment capacity of the deaerator can be effectively reduced, the equipment investment is reduced, and meanwhile, the improvement of the deaeration reaction depth is facilitated. Besides, part of process condensate is injected into the mixed feed gas flow, and the reaction waste heat is gasified and recycled, so that the reaction temperature rise can be effectively controlled, and more reaction waste heat can be recycled.