A flexible graphene/polyaniline hybrid material as a supercapacitor electrode was synthesized by an in situ polymerization-reduction/dedoping-redoping process. This product was first prepared in an ethylene glycol medium, then treated with hot sodium hydroxide solution to obtain the reduced graphene oxide/polyaniline hybrid material. Sodium hydroxide also acted as a dedoping reagent for polyaniline in the composite. After redoping in an acidic solution, the thin, uniform and flexible conducting graphene/polyaniline product was obtained with unchanged morphology. The chemical structure of the materials was characterized by X-ray photoelectron spectroscopy and Raman spectroscopy. The composite material showed better electrochemical performances than the pure individual components. A high specific capacitance of 1126 F g(-1) was obtained with a retention life of 84% after 1000 cycles for supercapacitors. The energy density and power density were also better than those of pure component materials.