Objectives: To determine oxygen derived parameters, hemodynamic and biochemical laboratory data (2,3 Diphosphoglycerate, lactate and blood gases analysis) in patients after cardiac surgery who received massive blood replacement. Design: Prospective study. Setting: Heart Institute (Instituto do Coração), Hospital das Clínicas, Faculdade de Medicina, Universidade de São Paulo, Brazil. Participants: Twelve patients after cardiac surgery who received massive transfusion replacement; six of them evolved to a fatal outcome within the three-day postoperative follow-up. Measurements and Main Results: The non-survivors group (n=6) presented high lactate levels and low P 50 levels, when compared to the survivors group (p<0.05). Both groups presented an increase in oxygen consumption and O 2 extraction, and there were no significant differences between them regarding these parameters. The 2,3 DPG levels were slightly reduced in both groups. Conclusions: This study shows that patients who are massively transfused following cardiovascular surgery present cell oxygenation disturbances probably as a result of O 2 transport inadequacy.