The reversible solid oxide cell (RSOC) is an attractive technology to mutually convert power and chemicals at elevated temperatures. However, its development has been hindered mainly due to the absence of a highly active and durable fuel electrode. Here, we report a phase-transformed CoFe-Sr 3 Fe 1.25 Mo 0.75 O 7−δ (CoFe-SFM) fuel electrode consisting of CoFe nanoparticles and Ruddlesden-Popper-layered Sr 3 Fe 1.25 Mo 0.75 O 7−δ (SFM) from a Sr 2 Fe 7/6 Mo 0.5 Co 1/3 O 6−δ (SFMCo) perovskite oxide after annealing in hydrogen and apply it to reversible CO/CO 2 conversion in RSOC. The CoFe-SFM fuel electrode shows improved catalytic activity by accelerating oxygen diffusion and surface kinetics towards the CO/CO 2 conversion as demonstrated by the distribution of relaxation time (DRT) study and equivalent circuit model fitting analysis. Furthermore, an electrolyte-supported single cell is evaluated in the 2:1 CO-CO 2 atmosphere at 800°C, which shows a peak power density of 259 mW cm −2 for CO oxidation and a current density of −0.453 A cm −2 at 1.3 V for CO 2 reduction, which correspond to 3.079 and 3.155 mL min −1 cm −2 for the CO and CO 2 conversion rates, respectively. More importantly, the reversible conversion is successfully demonstrated over 20 cyclic electrolysis and fuel cell switching test modes at 1.3 and 0.6 V. This work provides a useful guideline for designing a fuel electrode through a surface/interface exsolution process for RSOC towards efficient CO-CO 2 reversible conversion.