Hydrogen fuel is a clean and versatile energy carrier that can be used for various applications, including transportation, power generation, and industrial processes. Electrocatalytic water splitting could be the most beneficial and facile approach for producing hydrogen. In this work, transition metal selenide composites with carbon nanotubes (CNTs) have been investigated for electrocatalytic water splitting. The synthesis process involved the facile one-step hydrothermal growth of transition metal nanoparticles over the CNTs and acted as an efficient electrode toward electrochemical water splitting. Scanning electron microscopy and XRD patterns reveal that nanoparticles were firmly anchored on the CNTs, resulting in the formation of composites. The electrochemical measurements reveal that CNT composite with nickel–cobalt selenides (NiCo-Se/CNTs@NF) display remarkable oxygen evolution reaction (OER) activity in basic media, which is an important part of hydrogen production. It demonstrates the lowest overpotential (η10mAcm−2) of 0.560 V vs. RHE, a reduced Tafel slope of 163 mV/dec, and lower charge transfer impedance for the OER process. The multi-metallic selenide composite with CNTs demonstrating unique nanostructure and synergistic effects offers a promising platform for enhancing electrocatalytic OER performance and opens up new avenues for efficient energy conversion and storage applications.