The most common type of hemoglobin in mammals contains four such subunits. Each subunit of hemoglobin is a globular protein (globin) with a heme group inside it. Each heme group has one iron atom. This binds one oxygen molecule. So the complete hemoglobin molecule has four globin chains, four heme molecules, and four iron atoms. When hemoglobin is in the lungs, it picks up oxygen in its hemes, and carries it to the rest of the body. 