Disclosed is a process for opening naphthenic rings of naphthenic ring-containing compounds, along with catalysts which can be used in that process. The naphthene ring opening catalyst is a catalyst which comprises at least one of a Group VIII metal selected from Ir, Pt, Pd, Rh, and Ru in an amount effective to ring open naphthene rings on naphthene ring-containing compounds, the metal being supported on a substrate comprising at least one Group IB, IIB, and IVA metal in an amount effective to moderate cracking of a naphthene ring-containing feed to form methane.