diff --git a/stable/oauth2-proxy/Chart.yaml b/stable/oauth2-proxy/Chart.yaml
index 118d50e2ea46..2e87447c4c3b 100644
--- a/stable/oauth2-proxy/Chart.yaml
+++ b/stable/oauth2-proxy/Chart.yaml
@@ -1,7 +1,7 @@
 name: oauth2-proxy
-version: 2.2.2
+version: 2.3.0
 apiVersion: v1
-appVersion: 4.0.0
+appVersion: 5.0.0
 home: https://pusher.github.io/oauth2_proxy/
 description: A reverse proxy that provides authentication with Google, Github or other providers
 keywords:
diff --git a/stable/oauth2-proxy/README.md b/stable/oauth2-proxy/README.md
index 2fd3c4a38da1..f29eb37c6634 100644
--- a/stable/oauth2-proxy/README.md
+++ b/stable/oauth2-proxy/README.md
@@ -76,7 +76,7 @@ Parameter | Description | Default
 `httpScheme` | `http` or `https`. `name` used for port on the deployment. `httpGet` port `name` and `scheme` used for `liveness`- and `readinessProbes`. `name` and `targetPort` used for the service. | `http`
 `image.pullPolicy` | Image pull policy | `IfNotPresent`
 `image.repository` | Image repository | `quay.io/pusher/oauth2_proxy`
-`image.tag` | Image tag | `v4.0.0`
+`image.tag` | Image tag | `v5.0.0`
 `imagePullSecrets` | Specify image pull secrets | `nil` (does not add image pull secrets to deployed pods)
 `ingress.enabled` | Enable Ingress | `false`
 `ingress.path` | Ingress accepted path | `/`
diff --git a/stable/oauth2-proxy/values.yaml b/stable/oauth2-proxy/values.yaml
index a21d753c9e60..22f5e187cc37 100644
--- a/stable/oauth2-proxy/values.yaml
+++ b/stable/oauth2-proxy/values.yaml
@@ -30,7 +30,7 @@ config:
 
 image:
   repository: "quay.io/pusher/oauth2_proxy"
-  tag: "v4.0.0"
+  tag: "v5.0.0"
   pullPolicy: "IfNotPresent"
 
 # Optionally specify an array of imagePullSecrets.