In order to achieve this, we analyzed model oligonucleotides using several different types of commercial liquid chromatograph-mass spectrometers (LC-MS). We investigated the LC separation of impurities from the parent oligonucleotide, the relative quantification of impurities, the characterization of the parent oligonucleotide, and the identification of impurities. In the LC separation of the impurities from the parent oligonucleotide, none of the LC-MS analyses achieved complete separation (Rs > 1.5) of all the major impurities. However, almost complete separations were observed between the parent oligonucleotide and three or more nucleotide-deleted oligonucleotide impurities. The relative quantification of impurities was not consistent among the LC-MS instruments tested here, and inconsistent ion suppressions or enhancements were observed. For the characterization of the parent oligonucleotide, the accuracy of deconvoluted mass was demonstrated to be within 3 ppm for all LC-MS analyses, and MS/MS sequence analysis showed 100% coverage in more than half of the cases. For the structural estimation of impurities, the mass accuracy was within 2 ppm for all LC-MS analyses when impurities were spiked at 0.1% or more, and the MS/MS sequence coverage was 76% or more when the spiked amounts of impurities were 1% or more. These results indicate that generally used LC/MS methods could provide reliable information for estimating the composition of impurities present at a level of 1% or more.