A process oxygen analyzer includes a process probe extendible into a flow of process combustion exhaust, the process probe having an oxygen sensor measurement cell. Measurement circuitry is coupled to the oxygen sensor measurement cell and configured to obtain a non-corrected indication of oxygen concentration relative to a combustion process based on an electrical characteristic of the oxygen sensor measurement cell. A controller is operably coupled to the measurement circuitry and is configured to obtain an indication of process pressure and selectively provide a corrected oxygen concentration output based on non-corrected indication of oxygen concentration and the indication of process pressure. A method of providing a process oxygen concentration using a process oxygen analyzer coupled to an industrial combustion process is also disclosed.