The invention discloses a high-stability oil displacement foam system, which comprises a foaming agent, a stabilizer and water, the foaming agent comprises sodium benzenesulfonate, the stabilizer comprises graphene oxide nanosheets, and the water comprises ionized water. By adding the graphene oxide nanosheets, the graphene oxide nanosheets are adsorbed on a gas-liquid interface forming bubbles, so that gas diffusion is reduced, meanwhile, the nanosheets can be retained at a Plaateau boundary to prevent liquid in a liquid film from being rapidly separated out, and the stability of the foam isgreatly improved; the amphipathy of the graphene oxide nanosheet plays a role in surface activity at the same time, so that the surface tension of the system is reduced, the foam is more stable, and the foaming performance of the system is also improved; the graphene oxide nanosheets can also be adsorbed on the surfaces of tiny oil drops dispersed in the liquid, so that the oil drops are preventedfrom coalescing, and the emulsifying and oil washing performance of a foam system is improved. The preparation method is simple and controllable in process, high in product conversion rate and few inbyproducts, and can be widely applied to actual production.