Step 1: Understanding the problem.
The average kinetic energy of a gas molecule is given by the equation:
\[
KE = \frac{3}{2} k_B T
\]
where \( k_B \) is Boltzmann's constant and \( T \) is the temperature in Kelvin. The average kinetic energy is the same for all ideal gases at the same temperature, regardless of the type of molecule (whether \( H_2 \), \( O_2 \), or others). Therefore, the average kinetic energy for \( O_2 \) will be the same as for \( H_2 \).
Step 2: Conclusion.
Thus, the average kinetic energy of \( O_2 \) molecule at 300K is \( E \), corresponding to option (B).