The development of high-performance non-noble metal-based oxygen electrocatalysts is crucial for the practical application of zinc–air batteries. Most of them suffer from low intrinsic activity and poor stability, failing to meet the needs of practical applications. Here, we report an efficient and durable bifunctional oxygen electrocatalyst of Fe@Fe-SAC composite (SAC stands for single atoms on carbon). A facile and ease-to-scale-up process synthesizes it. Fe single-atom and Fe nanoparticles are anchored on nitrogen-doped porous carbon, with the latter encapsulated by the graphitic shell. It exhibits appealing activity and durability in a basic electrolyte, requiring a half-wave potential of 0.805 V for oxygen reduction reaction (ORR) and an overpotential of only 348 mV to deliver a current density of 10 mA cm⁻² for oxygen evolution reaction (OER). Both activities are comparable to the corresponding benchmarking electrocatalyst of Pt/C for ORR and IrO₂ for OER. The superior activities are attributed to the strong electronic interaction between metal single-atom and nanoparticles. The favorable stability is ascribed to the physical encapsulation of carbon coatings on nanoparticles. This work presents a feasible scheme for designing and large-scale preparation of high-performance non-noble metal-based bifunctional oxygen electrocatalysts.