Abstract Carbon nanotubes (CNTs)‐supported metal‐based catalysts applied in the electrochemical reduction of CO 2 (CO 2 ER) have attracted extensive research recently. Nevertheless, insight into the roles of surface oxygen functional groups in these catalysts on CO 2 ER is still deficient. Herein, three catalysts were reasonably fabricated by chemically loading Ag nanoparticles (NPs) on the oxygenic CNTs (CNT−COOH, CNT−OH and CNT−CO) with precise tuning oxygen functional groups, and then used to explore the effect of oxygen functional groups on the electrocatalytic performance of Ag NPs for CO 2 ER. Compared with the other two counterparts, Ag/CNT−COOH with the highest content of carboxyl groups possesses the most uniform size and dispersion of Ag NPs and the strongest surface acidic environment, which enable it to exhibit the highest current density and Faradaic efficiency for CO production at high overpotential region ( E ≤−1.0 V vs. RHE). This work broadens the understanding of surface oxygen functional groups of catalysts in enhancing CO 2 ER performance, and provides guidance for the design and synthesis of high‐performance catalysts.