Multicomponent ceramics based on transition metals carbides are widely known for their excellent physicomechanical properties and thermal stability. The variation of the elemental composition of multicomponent ceramics provides the required properties. The present study examined the structure and oxidation behavior of (Hf,Zr,Ti,Nb,Mo)C ceramics. Single-phase ceramic solid solution (Hf,Zr,Ti,Nb,Mo)C with FCC structure was obtained by sintering under pressure. It is shown that during the mechanical processing of an equimolar powder mixture of TiC–ZrC–NbC–HfC–Mo₂C carbides, the formation of double and triple solid solutions occurs. The hardness of (Hf,Zr,Ti,Nb,Mo)C ceramic was found at 15 ± 0.8 GPa, compressive ultimate strength—at 1.6 ± 0.1 GPa and fracture toughness—at 4.4 ± 0.1 MPa∙m^1/2. The oxidation behavior of the produced ceramics in an oxygen-containing atmosphere was studied in the range of 25 to 1200 °C by means of high-temperature in situ diffraction. It was demonstrated that (Hf,Zr,Ti,Nb,Mo)C ceramics oxidation is a two-stage process accompanied by the change of oxide layer phase composition. As a possible mechanism of oxidation, diffusion of oxygen into the ceramic bulk results in the formation of a complex oxide layer made of c–(Zr,Hf,Ti,Nb)O₂, m–(Zr,Hf)O₂, Nb₂Zr₆O₁₇ and (Ti,Nb)O₂ was proposed.