High active and selective 1–3 chromium catalysts based on the corresponding Ph2PN(cyclopentyl)P (NR2)2‐type L1–L3 ligands (L1: R = methyl, L2: R = ethyl, L3: R = isopropyl) have been explored for selective ethylene tri‐/tetramerization. We found that the ligand substituents and the experimental conditions considerably influenced the catalytic performance of 1–3 based catalysts. Combining a higher ethylene pressure can elevate the selectivity of 1‐octene (67.98%) of precatalyst 1 with high catalytic activity (9.3 × 106 g/molCr h). Furthermore, precatalysts 2–3 efficiently offer selective ethylene trimerization and afforded 97.76% 1‐hexene selectivity with 5.8 × 106 g/(molCr h) catalytic activity (in case precatalyst 3). A relatively low catalyst mass, high Al/Cr molar ratio, and high ethylene pressure display excellent catalytic activity and selectivity for ethylene oligomerization. The chromium 1–3 complexes of the corresponding Ph2PN(cyclopentyl)P (NR2)2‐type L1–L3 ligands (L1: R = methyl, L2: R = ethyl, L3: R = isopropyl) when activated with MMAO‐3A cocatalyst afforded efficient catalysts for selective ethylene tri‐/tetramerization. The distribution of products showed that these systems have a significant impact on their catalytic performance in ethylene oligomerization. Precatalyst 1 exhibited 67.98% selectivity toward 1‐octene, whereas precatalysts 2–3 afforded 97.76% high selectivity 1‐hexene selectivity with significantly high catalytic activity.