Based on the transitional background of the global energy structure, exploration and development of unconventional oil and gas, and investigation of key basins, the unconventional oil and gas resources are divided into three types: source rock oil and gas, tight oil and gas, and retention and accumulated oil and gas. Source rock oil and gas resources are the global strategic supplies of oil and gas, the key resource components in the second 150-year life cycle of the future petroleum industry, and the primary targets for “exploring petroleum inside source kitchen”. The geological connotation of source rock oil and gas was proposed, and the models of source rock oil and gas generation, expulsion and accumulation were built, and five source rock oil and gas generation sections were identified, which may determine the actual resource potential under available technical conditions. The formation mechanism of the “sweet sections” was investigated, that is, shale oil is mainly accumulated in the shale section that is close to the oil generation section and has higher porosity and permeability, while the “sweet sections” of coal-bed methane (CBM) and shale gas have self-contained source and reservoir and they are absorbed in coal seams or retained in the organic-rich black shale section, so evaluation and selection of good “sweet areas (sections)” is the key to “exploring petroleum inside source kitchen”. Source rock oil and gas resources have a great potential and will experience a substantial growth for over ten world-class large “coexistence basins” of conventional-unconventional oil and gas in the future following North America, and also will be the primary contributor to oil stable development and the growth point of natural gas production in China, with expected contribution of 15% and 30% to oil and gas, respectively, in 2030. Challenges in source rock oil and gas development should be paid more attention to, theoretical innovation is strongly recommended, and a development pilot zone can be established to strengthen technology and promote national support. The source rock oil and gas geology is the latest progress of the “source control theory” at the stage of unconventional oil and gas. It will provide a new theoretical basis for the new journey of the upstream business in the post-industry age. Key words: source rock oil and gas, shale gas, shale oil, coal-bed methane, sweet section, sweet area, source control theory, man-made oil and gas reservoir, unconventional oil and gas revolution, large “coexistence basins” of conventional-unconventional oil and gas