Another definition is a chemical that accepts electrons from a reducing agent. For example, potassium permanganate has an oxidation state of +7. In an acid solution, it gains 5 electrons (e). It becomes a manganese compound with an oxidation state of +2. Most oxidizing agents of the second definition have oxygen, but not all. For example, fluorine (F) does not have any oxygen in it. It is also the most powerful oxidizing agent. When it acts as an oxidizing agent, it gains an electron to transfer from an oxidation state of 0 to an oxidation state of -1. 