SOURCE: Car will start but shuts down immediately. After
The antitheft system is acting up. Right now all you can do is cross your fingers and pray that it will start. A common problem is a part call a SKIM mounted in the steering column it goes bad and causes these symtoms. it will have to be replaced. It is a part of the antitheft system that commonly goes bad.
SOURCE: auto shut down relay
Oil Light comes on when the Pressure drops below a certain amount. If I was a betting man, I would tell you to test your CRANK SHAFT SENSOR.
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
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