α‐Diazoacetophenone, α‐diazopropiophenone, α‐diazobutyrophenone and α‐diazodesoxybenzoin were thermally and photochemically decomposed in the presence and in the absence of oxygen using benzene, cyclohexane and chlorobenzene as solvents. The products expected from the reaction of the short‐lived intermediate ketocarbenes with oxygen (α‐diketones and lower carboxylic acids, especially benzoic acid) could not be detected. No substantial difference was found between the composition of the reaction mixtures formed in the presence and absence of oxygen. The results show that the oxidative cleavage of the CC triple bond during the autoxidation of acetylenic hydrocarbons does not proceed via the corresponding oxirenes or the valence‐isomeric ketocarbenes.