Cretaceous oceanic red beds (CORBs) represented by red shales and marls, were deposited during the Cretaceous and early Paleocene, predominantly in the Tethyan realm, in lower slope and abyssal basin environments. Detailed studies of CORBs are rare; therefore, we compiled CORBs data from deep sea ocean drilling cores and outcrops of Cretaceous rocks subaerially exposed in southern Europe, northwestern Germany, Asia and New Zealand. In the Tethyan realm, CORBs mainly consist of reddish or pink shales, limestones and marlstones. By contrast, marlstones and chalks are rare in deep-ocean drilling cores. Upper Cretaceous marine sediments in cores from the Atlantic Ocean are predominantly various shades of brown, reddish brown, yellowish brown and pale brown in color. A few red, pink, yellow and orange Cretaceous sediments are also present. The commonest age of CORBs is early Campanian to Maastrichtian, with the onset mostly of oxic deposition often after Oceanic Anoxic Events (OAEs), during the early Aptian, late Albian-early Turonian and Campanian. This suggests an indicated and previously not recognized relationship between OAEs, black shales deposition and CORBs. CORBs even though globally distributed, are most common in the North Atlantic and Tethyan realms, in low to mid latitudes of the northern hemisphere; in the South Atlantic and Indian Ocean in the mid to high latitudes of the southern hemisphere; and are less frequent in the central Pacific Ocean. Their widespread occurrence during the late Cretaceous might have been the result of establishing a connection for deep oceanic current circulation between the Pacific and the evolving connection between South and North Atlantic and changes in oceanic basins ventilation.