A cooling apparatus for a hybrid vehicle is provided with an oil circulating circuit supplying oil discharged from an electric oil pump to a first motor, a second motor, an inverter, and a lubrication-required part, and the oil circulating circuit includes: a first circuit supplying the oil that is discharged from the electric oil pump, and is cooled by an HV radiator to the inverter, the first motor, and the second motor; and a second circuit supplying the oil that is discharged from the electric oil pump without being cooled by the HV radiator to the lubrication-required part.