1. In unshaded, nutrient‐rich streams, prolific growth of stream macrophytes often results in flows that over‐top the banks and in high primary production and respiration that may result in extreme diel variations in dissolved oxygen. Consequently, water protection authorities commonly remove macrophytes periodically. 
2. We investigated the effect of plant removal on stream metabolism and oxygen balance in two Swiss streams with a high macrophyte biomass. We monitored the concentration of dissolved oxygen before and after macrophytes were removed by cutting and dredging, and calculated rates of gross primary production and ecosystem respiration by means of diel oxygen curves. 
3. The removal of plants, which had reached a dry biomass of 320–420 g m−2 immediately before plant removal, had a different impact on stream metabolism in the two streams. In the first (plants removed in May), neither primary production nor ecosystem respiration were significantly affected. In the second (plants removed in late July), gross primary production and ecosystem respiration were reduced by about 70%. In this latter stream gross primary production increased in the first 2 weeks after plant removal but never recovered to pre‐disturbance levels. 
4. The removal of plants coincided with only a moderate increase in nocturnal oxygen concentration (+1 mg L−1). This, and the rapid partial recovery of stream metabolism in the second stream, suggests that an increase in the oxygen concentration after plant cutting is transient in unshaded, nutrient‐rich streams.