The oxygen reduction reaction (ORR) in neutral media is of great importance due to its potential to optimize energy generation and storage application. With the increasing urgency for sustainable and efficient energy solutions, comprehensively understanding and enhancing ORR performance in such media have become crucial. This review aims to shed light on this critical yet challenging area. This review encapsulates the fundamental principle of ORR and the latest breakthrough in the field of electrocatalysts, with a distinct focus on innovative synthesis strategies for creating novel, efficient, and robust electrocatalysts. A succinct evaluation of the strengths, limitations, performance, and reaction mechanism is presented. The essential findings are analyzed and their implications for future research directions. Finally, an outlook on current advances, challenges, and future research recommendations is provided. This review serves as a stepping‐stone toward harnessing the underutilizing energy potential within the extensive aquatic environment.