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Answer: Yes, water is a compound. A compound forms whenever two or more atoms form chemical bonds with each other. The chemical formula for water is H 2 O, which means each molecule of water consists of one oxygen atom chemically bonded to two hydrogen atoms.Thus, water is a compound.It's also a molecule, which is any chemical species formed by two or more atoms chemically bonded to each other. The terms molecule and compound mean the same thing and can be used interchangeably.he chemical formula for water is H 2 O, which means each molecule of water consists of one oxygen atom chemically bonded to two hydrogen atoms. Thus, water is a compound. It's also a molecule, which is any chemical species formed by two or more atoms chemically bonded to each other.
As a chemical compound, a water molecule contains one oxygen and two hydrogen atoms that are connected by covalent bonds. Water is a liquid at standard ambient temperature and pressure, but it often co-exists on Earth with its solid state, ice; and gaseous state, steam (water vapor).It also exists as snow, fog, dew and cloud. Water covers 71% of the Earth's surface. It is vital for all known forms of life.he collective mass of water found on, under, and over the surface of a planet is called the hydrosphere. Earth's approximate water volume (the total water supply of the world) is 1,338,000,000 km 3 (321,000,000 mi 3).