Although the 5% mission goal for NASA’s standard atmospheric correction (AC) algorithm (i.e., the near-infrared (NIR) algorithm) for oligotrophic oceans has been met, this algorithm applies only to blue bands and is highly sensitive to contamination from cloud straylight and sunglint. Here, we developed an AC algorithm for clear waters based on deep learning (namely, DLAC). The algorithm was trained using 3.6 million pairs of MODIS-Aqua high-quality Rrs from the NIR algorithm and Rayleigh-corrected reflectances selected across the global oceans and from all seasons. Validations using <italic xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink">in situ</i> data and a chlorophyll (Chl) constraint-based approach showed that the uncertainties in the R <sub xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink">rs</sub> retrievals for DLAC are lower than those for the NIR algorithm, especially for the green and red bands. More importantly, the DLAC algorithm is more tolerant to cloud adjacency effects and moderate sunglint. As a result, the number of valid observations increased by ~50%, and the coverage of monthly global Level-3 R <sub xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink">rs</sub> composites increased by up to 20%. More spatially and temporally consistent patterns were also found for the Level-3 R <sub xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink">rs</sub> and Chl products, and large changes in their magnitudes (up to 20% for R <sub xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink">rs</sub> and 30% for Chl) were detected in some oceanic regions. With these improvements in the quality and quantity of data, our DLAC algorithm may be valuable as another option for processing global data.