The present invention provides a dispersible and electrically conductive nano graphene platelet (NGP) material comprising at least a single-layer or multiple-layer graphene sheet, wherein the NGP material has an oxygen content no greater than 25% by weight and no less than 5% by weight. This NGP material can be produced by: (a) preparing a pristine NGP material from a graphitic material; and (b) subjecting the pristine NGP material to an oxidation treatment. Alternatively, the production process may comprise: (A) preparing a graphite oxide (GO) from a laminar graphite material; (b) exposing the GO to a first temperature for a first period of time to obtain exfoliated graphite; and (c) exposing the exfoliated graphite to a second temperature in a protective atmosphere for a second period of time. Conductive NGPs can find applications in transparent electrodes for solar cells or flat panel displays, additives for battery and supercapacitor electrodes, conductive nanocomposite for electromagnetic wave interference (EMI) shielding and static charge dissipation, etc.