Oil has an enormous influence on the condition of the engine. Determining its degradation allows companies to maximize the availability of a specific vehicle and fleet of vehicles in general. In the evolution of engine oil degradation, one of the variables considered to be the most important is soot content. This article examines the direction and severity of soot content and dispersion changes in engine oil occurring during actual engine operation during four complete change intervals. The oil under study was operated in a city bus. It belonged to the fleet of vehicles of a transport company from new to the mileage of about 200,000 km. Soot content was determined in accordance with ASTM E2412-10, while dispersion size was determined using the dried drop test in accordance with ASTM D7899. The results obtained provide the basis for the conclusion that the direction of change in soot content in each interval is characterized by a high degree of homogeneity. With respect to the degree of soot build-up, a high level of similarity was observed between the intervals studied. The study of change in the degree of oil dispersion using the “drop on blotter” method made it possible to confirm the trend of decreasing dispersion as the run increases. The obtained results led to the development of a statistical model describing these relationships.