The fracturing technology for shale gas reservoir is the key to the development of shale gas industrialization. It makes much sense to study the mechanical properties and deformation characteristics of shale, due to its close relationship with the fracability of shale gas reservoir. This paper took marine shale in the Changning area, southern Sichuan Basin of China as the research object. Based on field profile and hand specimen observation, we analyzed the development of natural fractures and collected samples from Wufeng Formation and Longmaxi Formation. Combining with the indoor experiment, we investigated the macroscopic and microscopic structural features and the remarkable heterogeneity of shale samples. Then we illustrated the mechanics and deformation characteristics of shale, through uniaxial compression test and direct shear test. The shale has two types of fracture modes, which depend on the angular relation between loading direction and the bedding plane. Besides, the Wufeng shale has a higher value of brittleness index than the Longmaxi shale, which was calculated using two methods, mechanical parameters and mineral composition. Given the above results, we proposed a fracability evaluation model for shale gas reservoir using the analytic hierarchy process. Four influence factors, brittleness index, fracture toughness, natural fractures and cohesive force, are considered. Finally, under the control of normalized value and weight coefficient of each influence factor, the calculations results indicate that the fracability index of the Wufeng Formation is higher than that of the Longmaxi Formation in Changning area, southern Sichuan Basin.