My oil light is coming on but i have oil in the car

Oil light is rather important it goes out if oil pressure is good comes on if oil pressure is low when it comes on damage is expected with continued operation like wearing of main bearings and pistons and cylinders can lead to a engine rebuild

Well, yes and no.
If the red oil pressure light comes on, yes the engine could stop running. You could actually lose oil pressure, or the switch could fail.
A "change oil" notice would not cause the engine to stop.

The engine will shut down to protect itself,check the oil level and see whether the car has oil.The light comes on if the oil level is low or the oil pump is not pumping any oil.I replaced my engine hummer h3 two weeks ago due to a malfunctioning oil pump.Check if you oil pump is not malfunctioning.Good luck hope you have not damaged anything further like the bearings due to lack of oil.

The oil light comes on when the car shuts off because there is no oil pressure. Make sure it has oil in it. If so take the car and get the codes pulled off the obd computer.

Are you SURE that it was Oil Light then Engine Shut off? There is not a ENGINE SHUT OFF if the light comes on that I am aware of and I have worked on quite a few 300's.

I would be trying to start the vehicle by:
Verify Fuel Pressure
Spray Starting Fluid in the Intake and see if it starts then
Are you sure there is Spark?
CRANKSHAFT SENSOR went bad

Probably the sensor/sending unit on the engine that sends signal to the light.

Does the oil light come on BEFORE the engine shuts down? I have to ask because it is NORMAL for the oil light to be on when the engine is not running. I had a customer that said the same thing just last week. After we wasted a bunch of time (which the customer ended-up paying for) checking the oil level, the oil pressure, and verifying correct oil pressure gauge, light, and sending unit operation, it turned out that the crankshaft position sensor was bad and causing the engine to shut down and it had absolutely NOTHING to do with the oil light - it was functioning as designed.

If the oil light is coming on before the engine shuts down, the first thing you need to do is check your oil level. If the oil level is OK, you need to check the oil pressure with a gauge to determine if there is an actual engine oil pressure problem or if the oil pressure sending unit, gauge or light is malfunctioning. Also, it is highly advisable to not drive the vehicle AT ALL if the oil pressure light is coming on while driving until the cause of the light coming on has been determined and repairs have been made. Otherwise, SEVERE ENGINE DAMAGE may result.

Oil pressure sensor blocked or faulty. both oil level sensor and oil pressure sensor activate the oil light. engine goes into safe mode and shuts off ignition.

there ia a seal/oring on the dist shaft it should not leak that bad look for a sensor near by wash with brake cleaner let idle and wash let me know ok tell fix ya bout me

when you say stalls, do you mean shut off of just get low on power?

my check engine light comes on and then oil press light come on and the car shuts off but the lights and music stayed on.
if its that the car needs oil and shuts down to protect itself but it will turn on minutes later.

if stalls periodically, shows check engine light and the car looses a bit of power, in the engine, :

1. your coolant may be having problems getting to the engine in the way it was met to get to the engine

2. the belt might be a bit off and that could be why you get the slipping feeling

3. your exhaust may be a bit clogged. or your engine may need cleaning

i had both problems my car shut off and my engine was slipping. my EXPENSIVE but great machanic found out it was my oil level and my coolant was rusty and not getting to the engine. now she drives like the original 97 olds 88