This study presents the facile synthesis of CoO/PtPd and CoO/PtPd/reduced‐graphene oxide (r‐GO) nanocomposites, highlighting their significant role in methanol fuel cells. To create a CoO/PtPd thin film at the toluene/water interface, we employed NaBH4 to effectively reduce PtCl2(COD), PdCl2(COD), and Co (acac)3 (COD = cis,cis‐1,5‐ cyclooctadiene, acac = acetylacetonate). The two nanocomposites were analyzed using XRD, FE‐SEM, AFM, XPS, BET, and TEM techniques. In the electrooxidation of methanol in the anodic part of fuel cell, cobalt (II) oxide can serve as an oxygen source in the catalytic oxidation of carbon monoxide (CO) or it can play a role in producing the HO‐CoO intermediate to facilitate the oxidation of CO‐PtPd to carbon dioxide (CO2). This reaction can help eliminate CO, which is a common poison for Pt‐based catalysts in methanol oxidation. Our research reveals significant improvements in current densities and catalyst tolerance when using the CoO/PtPd/r‐GO nanocomposite thin film. The observed current density for CoO/PtPd/r‐GO is 263.33 mA.cm−2, surpassing the reported value of 30.00 mA.cm−2 for PtPd/r‐GO. The jf/jb ratios, commonly used to evaluate catalyst tolerance, are approximately 2.80 for CoO/PtPd and 4.98 for CoO/PtPd/r‐GO, in contrast to ratios larger than 0.99 for ETEK Pt and 0.58 for other types of commercial Pt/C. These findings indicate that the CoO/PtPd/r‐GO thin film exhibits enhanced catalytic performance and improved tolerance to CO poisoning. Furthermore, the power output calculated for CoO/PtPd/r‐GO is 104.5 mW·cm−2, which is comparable to the reported value of 48.03 mW·cm−2 for commercial Pt/C. These results demonstrate the potential of the CoO/PtPd/r‐GO nanocomposite thin film as a promising alternative to traditional catalyst materials in methanol fuel cells.