The invention discloses an oil stabilizing and water control valve. The oil stabilizing and water control valve comprises a valve body. The valve body is provided with a first liquid port and a second liquid port. A plurality of annular runners are formed in the valve body and sequentially arranged in a nested manner from interior to exterior, and the adjacent annular runners communicate. The first liquid port communicates with the annular runner on the outermost side, and the second liquid port communicates with the annular runner on the innermost side. In the using process of the provided oil stabilizing and water control valve, stratum crude oil and stratum water enter the oil stabilizing and water control valve, due to the fact that the stratum crude oil and the stratum water are different in viscosity and density, generated centrifugal force is different, the stratum crude oil flows in the circumferential direction, the stratum water flows in the radial direction, automatic distinguishing of the crude oil and the water is achieved, the excess flow of the stratum crude oil is large, and the excess flow of the stratum water is low.