A live well oxygenator includes a vessel having walls constructed of corrosion resistant material. The walls enclose a chamber that functions as a gaseous oxygen storage chamber. Fittings are disposed on the walls so that gaseous oxygen may be supplied to the chamber from an outside source. The vessel is equipped with a water pump and water return pipe which are in fluid communication with the water in a live well to provide for circulation of the water through the vessel. The water pump sucks water from the live well so that it flows through pump discharge piping. The pump discharge piping is positioned in the oxygen storage chamber. An induction fitting on the discharge piping functions to induct oxygen into the water stream in finely divided bubbles.