Dense ceramic mixed ionic-electronic conducting membranes (MIECMs) are renowned for their rich and varied properties as admirable candidates in energy industries, such as oxygen separation from air, cathode materials for solid fuel oxide cells (SOFCs) or membrane reactors for partial oxidation of light hydrocarbons. Especially, the MIECMs integrated oxy-fuel combustion is considered to be a promising cost-effective and efficient method for CO2 capture and sequestration. During the oxy-fuel process, high purity oxygen production has been put forward to use OTMs technology instead of the conventional cryogenic technique, which can benefit from low costs and energy consumption and high efficiency. According to the phase numbers, the OTMs can be classified into single phase and composite OTMs. Extensive research activities have been directed towards the single phase perovskite-type oxides due to their high oxygen permeability. However, their industrial practical application was limited since they suffer from deactivation in the presence of CO2 due to alkaline earth carbonates forming on their surfaces. In order to overcome these issues, focus has shifted to the development of dual-phase membranes consisting of an oxygen ion conducting phase and an electron ion conducting phase, which benefit from the contribution of each phase and overcome the limitations of perovskite materials. Dual-phase OTM typically composed of an oxygen conducting phase (OCP) and an electronic conducting phase (ECP), which displays a better structural and mechanical stability comparing with the single phase OTM under reducing atmosphere due to the incorporation of fluorite phase. The first generation dual-phase OTMs are usually made from the fluorite oxides and noble metals, where fluorite oxides are used as the OCP and noble metals are adopted as the ECP. However, the noble metal-containing dual-phase OTM is too expensive. In order to lower the costs, researchers have developd the second generation dual-phase OTMs, which are consisted of fluorite oxides and perovskite oxides. Although the costs have been reduced, reactions between two phases were usually observed in the second generation dual-phase OTMs. Based on the previous findings and driven by the demands for oxy-fuel combustion for CO2 capture, research put forwards to the new CO2-stable dual-phase OTMs without noble metals and alkaline earth elements. Until now, already a large number of CO2-stable dual-phase membrane materials have been explored. However, their CO2 stabilities have been enhanced, but most of their oxygen permeabilities are too low for practical applications. Therefore, continues research efforts have to be made since most of available OTMs materials can′t satisfy the practical applications. In order to enhance the oxygen permeability and/or improve material thermochemical stability of dual-phase OTMs, the large majority of studies focused on tuning the composition through doping, synthesized temperatures, modified the membrane surfaces with coating or development of new synthesis methods. Meanwhile, considerable theoretical efforts have been put into the dual-phase OTMs, a number of models for permeation process such as Bouwmeester model, Xu-Thomson model, and Zhu model et al. are proposed. Up to now, countless publications has been produced in this field. In order to give the guidelines for the development of the dual-phase OTM materials and promote the process of industrialization of the OTMs technology in the oxy-fuel process, we summarize the status of CO2-stable dual-phase mixed conductor oxygen permeable membrane materials. In this review, the oxygen permeability mechanism and research progress of the dual-phase OTM materials are briefly introduced firstly. Subsequently, the influence of the preparation methods, sintering temperatures, ratios of two phases and the composition of the two phases on the oxygen permeability and stability are analyzed systematically. Next, the applications of dual phase MIECM reactor in partial oxidation of methane to syngas (POM), coupling reactions, water decomposition and oxy-fuel combustion are introduced and analyzed. Finally, the existing scientific problems and the possible research directions have been pointed out.