In hydrology, an oceanic basin (or ocean basin) is anywhere on Earth that is covered by seawater. Geologically, most of the ocean basins are large geologic basins that are below sea level.

Most commonly the ocean is divided into basins following the continents distribution^{[clarification needed]}: the North and South Atlantic (together approximately 75 million km²/ 29 million mi²), North and South Pacific (together approximately 155 million km²/ 59 million mi²), Indian Ocean (68 million km²/ 26 million mi²) and Arctic Ocean (14 million km²/ 5.4 million mi²). Also recognized is the Southern Ocean (20 million km²/ 7 million mi²). All ocean basins collectively cover 67% of the Earth's surface, and together they contain almost 97% of all water on the planet. They have an average depth of almost 4 km (about 2.5 miles).

"Limits of Oceans and Seas", published by the International Hydrographic Office in 1953, is a document that defined the ocean's basins as they are largely known today. The main ocean basins are the ones named in the previous section. These main basins are divided into smaller parts. Some examples are: the Baltic Sea (with three subdivisions), the North Sea, the Greenland Sea, the Norwegian Sea, the Laptev Sea, the Gulf of Mexico, the South China Sea, and many more. The limits were set for convenience of compiling sailing directions but had no geographical or physical ground and to this day have no political significance. For instance, the line between the North and South Atlantic is set at the equator. The Antarctic or Southern Ocean, which reaches from 60° south to Antarctica had been omitted until 2000, but is now also recognized by the International Hydrographic Office. Nevertheless, and since ocean basins are interconnected, many oceanographers prefer to refer to one single ocean basin instead of multiple ones.  

Older references (e.g., Littlehales 1930) consider the oceanic basins to be the complement to the continents, with erosion dominating the latter, and the sediments so derived ending up in the ocean basins. This vision is supported by the fact that oceans lie lower than continents, so the former serve as sedimentary basins that collect sediment eroded from the continents, known as clastic sediments, as well as precipitation sediments. Ocean basins also serve as repositories for the skeletons of carbonate- and silica-secreting organisms such as coral reefs, diatoms, radiolarians, and foraminifera. More modern sources (e.g., Floyd 1991) regard the ocean basins more as basaltic plains, than as sedimentary depositories, since most sedimentation occurs on the continental shelves and not in the geologically defined ocean basins.

The flow in the ocean is not uniform but varies with depth. Vertical circulation in the ocean is very slow compared to horizontal flow and observing the deep ocean is difficult. Defining the ocean basins based on connectivity of the entire ocean (depth and width) is therefore not possible. Froyland et al. (2014) defined ocean basins based on surface connectivity. This is achieved by creating a Markov Chain model of the surface ocean dynamics using short term time trajectory data from a global ocean model. These trajectories are of particles that move only on the surface of the ocean. The model outcome gives the probability of a particle at a certain grid point to end up somewhere else on the ocean's surface. With the model outcome a matrix can be created from which the Eigenvectors and Eigenvalues are taken. These Eigenvectors show regions of attraction, aka regions where things on the surface of the ocean (plastic, biomass, water etc.) become trapped. One of these regions is for example the Atlantic garbage patch. With this approach the five main ocean basins are still the North and South Atlantic, North and South Pacific and the Arctic Ocean, but with different boundaries between the basins. These boundaries show the lines of very little surface connectivity between the different regions which means that a particle on the ocean surface in a certain region is more likely to stay in the same region than to pass over to a different one.

Depending on the chemical composition and the physical state, the Earth can be divided into three major components:  the mantle, the core, and the crust. The crust is referred to as the outside layer of the Earth. It is made of solid rock, mostly basalt and granite. The crust that lies below sea level is known as the oceanic crust, while on land it is known as the continental crust. The former is thinner and is composed of relatively dense basalt, while the latter is less dense and mainly composed of granite. The lithosphere is composed of the crust (oceanic and continental) and the uppermost part of the mantle. The lithosphere is broken into sections called plates.

Tectonic plates move very slowly (5 to 10 cm (2 to 4 inches) per year) relative to each other and interact along their boundaries. This movement is responsible for most of the Earth's seismic and volcanic activity. Depending on how the plates interact with each other, there are three types of boundaries.

The Earth's deepest trench is the Mariana Trench which extends for about 2500 km (1600 miles) across the seabed. It is near the Mariana Islands, a volcanic archipelago in the West Pacific. Its deepest point is 10994 m (nearly 7 miles) below the surface of the sea.