MoO3 and Mo2C have emerged as remarkable catalysts for the selective hydrodeoxygenation (HDO) of a wide range of oxygenates at low temperatures (i.e., 673 K) and H 2 pressures (i.e., ≤ 1 bar). While both catalysts can selectively cleave CO bonds, the nature of their active sites remains unclear. Here, we used operando nearambient pressure X-ray photoelectron spectroscopy to reveal important differences in the Mo 3d oxidation states between the two catalysts during the HDO of anisole. This technique revealed that although both catalysts featured a surface oxycarbidic phase, the oxygen content and the underlying phase of the material impacted the reactivity and product selectivity during HDO. MoO3 transitioned between 5+ and 6+ oxidation states during operation, consistent with an oxygen vacancy driven mechanism wherein the oxygenate is activated at undercoordinated Mo sites. In contrast, Mo 2 C showed negligible oxidation state changes during HDO, maintaining mostly 2+ states throughout the reaction.