Lithology identification is the fundamental work of oil and gas reservoir exploration and reservoir evaluation. The lithology of volcanic reservoirs is complex and changeable, the longitudinal lithology changes a great deal, and the log response characteristics are similar. The traditional lithology identification methods face difficulties. Therefore, it is necessary to use machine learning methods to deeply explore the corresponding relationship between the conventional log curve and lithology in order to establish a lithology identification model. In order to accurately identify the dominant lithology of volcanic rock, this paper takes the Carboniferous intermediate basic volcanic reservoir in the Hongche fault zone as the research object. Firstly, the Synthetic Minority Over-Sampling Technique−Edited Nearest Neighbours (SMOTEENN) algorithm is used to solve the problem of the uneven data-scale distribution of different dominant lithologies in the data set. Then, based on the extreme gradient boosting tree model (XGBoost), the honey badger optimization algorithm (HBA) is used to optimize the hyperparameters, and the HBA-XGBoost intelligent model is established to carry out volcanic rock lithology identification research. In order to verify the applicability and efficiency of the proposed model in volcanic reservoir lithology identification, the prediction results of six commonly used machine learning models, XGBoost, K-nearest neighbor (KNN), gradient boosting decision tree model (GBDT), adaptive boosting model (AdaBoost), support vector machine (SVM) and convolutional neural network (CNN), are compared and analyzed. The results show that the HBA-XGBoost model proposed in this paper has higher accuracy, precision, recall rate and F1-score than other models, and can be used as an effective means for the lithology identification of volcanic reservoirs.