Hypoxia (low oxygen stress) is increasingly reported on coral reefs, caused by ocean deoxygenation linked to coastal nutrient pollution and ocean warming. While the ability to regulate respiration is a key driver of hypoxia tolerance in many other aquatic taxa, corals' oxyregulatory capabilities remain virtually unexplored. Here, we examine O₂-consumption patterns across 17 coral species under declining O₂ partial pressure (pO₂). All corals showed ability to oxyregulate, but total positive regulation (T_pos) varied between species, ranging from 0.41 (Pocillopora damicornis) to 2.42 (P. acuta). On average, corals performed maximum regulation effort (P_cmax) at low pO₂ (30% air saturation, corresponding to lower O₂ levels measured on natural reef systems), and exhibited detectable regulation down to as low as <10% air saturation. Our study shows that corals are not oxyconformers as previously thought, suggesting oxyregulation is likely important for survival in dynamic O₂ environments of shallow coral reefs subjected to hypoxic events.