Equilibrium thermodynamic methods are used to develop an independent iron-titanium oxide geothermometer and oxygen barometer from the experimental data of Buddington and Lindsley (1964). The geothermometer and oxygen barometer are presented graphically for coexisting ilmenite solid solution and magnetite solid solution in the system FeO-Fe₂O₃-TiO₂. Equations are also given for calculating temperature and oxygen activity for natural coexisting iron-titanium oxides containing other components. Large departures in composition from the system FeO-Fe₂O₃-TiO₃ result in large uncertainties in the calculated temperature and activity of oxygen.