Graphene-based materials have been widely studied in the field of supercapacitors. However, their electrochemical properties and applications are still restricted by the susceptibility of graphene-based materials to curling and agglomeration during production. This study introduces a facile method for synthesizing reduced graphene oxide (rGO) nanosheets and activated carbon based on olive stones (OS) with polyaniline (PAni) surface decoration for the development of supercapacitors. Several advanced techniques were used to examine the structural properties of the samples. The obtained PAni@OS−rGO (1:1) electrode exhibits a high electrochemical capacity of 582.6 F·g−1 at a current density of 0.1 A·g−1, and an energy density of 26.82 Wh·kg−1; thus, it demonstrates potential for efficacious energy storage. In addition, this electrode material exhibits remarkable cycling stability, retaining over 90.07% capacitance loss after 3000 cycles, indicating a promising long cycle life. Overall, this research highlights the potential of biomass-derived OS in the presence of PAni and rGO to advance the development of high-performance supercapacitors.