They secured survival with an 18th-place finish, and won the League Cup, the first major trophy win of their history.
Despite the departure of manager Jim Smith, who left for Queens Park Rangers after guiding Oxford to two successive promotions, Oxford United narrowly survived their first ever season in English football's top flight.
They required a win in their last game of the season to avoid relegation, which they achieved by beating Arsenal 3–0 at the Manor Ground.
The club had greater success in the League Cup, reaching the final at Wembley, where they beat Queens Park Rangers 3–0 to win their first ever major trophy.
Note: Flags indicate national team as defined under FIFA eligibility rules; some limited exceptions apply.