Several intraoperative ventilation strategies are available for obese patients. However, the same ventilation interventions have exhibited different effects on PaO2/FIO2 concerning obese patients in different trials, and the issue remains controversial. Therefore, we conducted a network meta‐analysis to identify the optimal mechanical ventilation strategy. We searched the Cochrane Central Register of Controlled Trials (CENTRAL) in the Cochrane Library, Embase, MEDLINE, CINAHL and Web of Science for studies published up to June 2014, and the PaO2/FIO2 in obese patients given different mechanical ventilation strategies was assessed. We assessed the studies for eligibility and extracted data and then pooled the data and used a Bayesian fixed‐effect model to combine direct comparisons with indirect evidence. Eligible studies evaluated different ventilation strategies for obese patients and reported the intraoperative PaO2/FIO2 ratio, atelectasis and pulmonary compliance. Thirteen randomized controlled trials were included for network meta‐analysis, including 476 patients who received 1 of 12 ventilation strategies. Volume‐controlled ventilation with higher PEEP plus single recruitment manoeuvres (VCV + higher PEEP + single RM) was associated with the highest PaO2/FiO2 ratio, improving intraoperative pulmonary compliance and reducing the incidence of intraoperative atelectasis.