Experiments were conducted simulating hydrothermal conversion of heavy oil in the presence of carbonate, kaolin, Al2O3, Ni2+ and Cu2+, NiO mixed with poly-α-olefins, C6H8O7, C2H4O2 at 290−375 °C and 10−135 bar. Al2O3, carbonate at 375 °C and 135 bar, accelerated the resin degradation. Experiments with carbonate at 350 °C and 10 bar showed no significant composition changes. NiSO4, CuSO4, kaolin mineral, at 350 °C and 78 bar, accelerated decomposition of resins (from 35.6% to 32.5%). Al2O3 and carbonate at 290 °C and 14 bar led to the destruction of asphaltenes (from 6.5% to 4.7% by weight), which were adsorbed on the surface of carbonate. Al2O3, NiO, poly-α-olefins at 350 °C and 78 bar accelerated C−C bond cracking of high-boiling asphaltenes. C6H8O7, rock-forming carbonate, at 360 °C and 14 bar, contributed to the polymerization and polycondensation of hydrocarbons with the formation of additional resins. C2H4O2 and kaolin at 360 °C and 12 bar affected the reduction in the resin content from 35.6% to 31.9% wt. C2H4O2 interacted with the active metals with the formation of acetate salts exhibiting catalytic activity.