The invention discloses an oil-resistant and low-temperature-resistant material for shoe soles and a method for preparing the oil-resistant and low-temperature-resistant material. The oil-resistant and low-temperature-resistant material comprises, by weight, 60-80 parts of nitrile rubber, 40-50 parts of brominated butyl rubber, 5-8 parts of fluorine-based alkyl polyether-modified polysiloxane, 8-12 parts of zinc oxide, 20-25 parts of white carbon black, 3-5 parts of N, N'-bicyclo-caproyl-2-benzothiazole sulfonamide, 3-5 parts of tetramethyl thiuram disulfide, 2-4 parts of dioctyl phthalate, 6-12 parts of wood powder, 4-6 parts of 2-mercapto benzimidazole, 1-3 parts of sulfur, 1-3 parts of stearic acid and 1-2 parts of percarbamide. The oil-resistant and low-temperature-resistant material for the shoe soles and the method have the advantages that the oil-resistant and low-temperature-resistant material for the shoe soles is excellent in oil resistance, the oil resistance (the expansion rate of the oil-resistant and low-temperature-resistant material after the oil-resistant and low-temperature-resistant material is soaked in oil) can reach 5%-6.8%, the tensile strength of the oil-resistant and low-temperature-resistant material at the temperatures of minus 50 DEG C is 18-22 Mpa, the rebound rate of the oil-resistant and low-temperature-resistant material is 48-51%, the oil-resistant and low-temperature-resistant material is excellent in abrasion resistance, and a friction coefficient of the oil-resistant and low-temperature-resistant material is 1.45-1.65.