Perovskite oxides are promising electrocatalysts for the oxygen evolution reaction (OER). However, the activity and stability of perovskite oxides still needs to be improved to efficiently utilize renewable and clean energy resources. Herein, we selectively introduced phosphorus (P) into SrCo0.8Fe0.2O3‐δ (SCF) to form modified perovskite oxides, i. e., SrCo0.8Fe0.15P0.05O3‐δ, SrCo0.75Fe0.2P0.05O3‐δ and Sr(Co0.8Fe0.2)0.95P0.05O3‐δ. An improved OER activity and stability compared to un‐doped SCF was clearly observed. Meanwhile, the specific surface area, oxygen vacancy content and electronic conductivity increased due to the P doping. Moreover, a lower valence state of B‐site cations induced by the high‐valence P5+ was detected, which may contribute to the better activity and stability. Among them, the dual‐site substitution to form Sr(Co0.8Fe0.2)0.95P0.05O3‐δ stands out when evaluating the activity and stability in alkaline solution. The results suggest that the P doping could be an effective strategy to develop perovskite electrocatalysts with high electrocatalytic activity and stability.