Investigations of the electronic and magnetic properties of oxygen adsorbed on magnetized iron films have been carried out by means of angle and spin resolving photoelectron spectroscopy. Iron, epitaxially grown on W(100) and W(110) crystals, served as the ferromagnetic substrate. Exchange splittings of the O 2p(x) derived level have been detected, demonstrating a magnetic coupling between the chemisorbate and the iron layer. Variations of the exchange splitting have occurred as a function of the oxygen coverage, photon energy, and emission angle. High oxygen exposures have lead to a FeO overlayer at the surface.