There is a great deal of interest in the development of electrocatalysts for the oxygen evolution reaction (OER) that are stable and have high activity because this anodic half-reaction is the main bottleneck in water splitting and other key technologies. Cobalt and iron oxide and oxyhydroxide electrocatalysts constitute a cheaper alternative to the highly active and commonly used Ir- and Ru-based catalysts. Most of the described electrocatalysts require tedious synthetic and expensive preparation procedures. We report here a facile and straightforward preparation of an electrocatalyst by a combination of commercial compounds, such as cobalt chloride and ferrocene. A highly active and stable OER electrocatalyst is obtained, which shows a low overpotential in the alkaline medium as a consequence of a synergistic effect between both compounds and is inexpensive.