In the present work we study the interactions between thermally activated and molecular (unactivated) oxygen gas with a hydrogen-terminated polycrystalline diamond film surface. As revealed by H + photodesorption measurements using excitation energies in carbon and oxygen K-edges, and X-ray photoelectron spectroscopy, molecular oxygen does not adsorb onto the hydrogenated diamond surface. However, thermally activated oxygen does adsorb onto it. A dominant reaction path leads to the formation of surface C–O–H bonds, although it is likely that some abstraction of chemisorbed hydrogen with formation of carbonyl bonds happens as well. The effect of oxygen on the electron emission properties of the films is studied by photon induced secondary electron emission (SEE) spectroscopy. The hydrogen-terminated, oxygen-free diamond surface exhibits negative electron affinity and high SEE intensity. Adsorption of thermally activated oxygen results in a slightly positive electron affinity (∼0.4 eV) and a decrease in the intensity of SEE, whereas electron emission properties of this sample following exposure to molecular oxygen seem to be unaffected.