Nanomaterials adorned on graphene comprise an essential component of a wide range of devices wherein graphene-based copper oxide nanocomposites have garnered significant attention in recent years. Copper oxides (CuO and Cu2O) are semiconductors with distinctive optical, electrical, and magnetic properties. Their earth abundance, low cost, narrow bandgap, high absorption coefficient, and low toxicity of copper oxides are just a few key advantages. CuO is superior to Cu2O in optical switching applications because of its narrower bandgap. Therefore, integrating graphene with copper oxides renders the ensuing nanocomposites much more valuable for various applications. Not surprisingly, a wide range of promising synthesis and processing techniques have been considered, focusing on multiple appliances such as sensors, energy storage, harvesting, and electrocatalysis. Herein, the most recent synthesis techniques and applications of doped, undoped, and hierarchical structures of CuO/Cu2O-graphene-based nanocomposites are deliberated, including the potential future usages.