Abstract: A method and apparatus for evaluating volumes of discharged hydrocarbon and externally charged hydrocarbon in a mud shale. The method comprises: determining a hydrogen index and a current hydrocarbon generation potential parameter of a mud shale in target block based on total organic carbon test data and pyrolysis analysis test data of the mud shale; determining an original hydrogen index of the mud shale based on the hydrogen index and the pyrolysis analysis test data; and evaluating a volume of discharged hydrocarbon and a volume of externally charged hydrocarbon in the mud shale based on the current hydrocarbon generation potential parameter and the original hydrogen index.