Why is oxygen written as O2 rather than O?

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Oxygen is written as O2 because it exists as a diatomic molecule under normal conditions, rather than as a single, isolated atom (O).1

While the atomic species, O, is highly reactive, the molecular form, O2, is more stable at ambient temperatures and pressures. In this diatomic state, oxygen atoms share electrons to achieve a more stable electronic configuration, consistent with the principles of chemical bonding and the octet rule, which describes how elements tend to gain, lose, or share electrons to attain the stable outer-shell configuration of noble gases.12

The transition from the atomic state to the molecular state is energetically favorable, as evidenced by the large energy required to dissociate O2 into two oxygen atoms. Consequently, in nature and standard chemical notation, oxygen is represented as O2 to reflect its preferred molecular structure.1