Controlling the selectivity of CO2 hydrogenation catalysts is a fundamental challenge. In this study, the selectivity of supported Ni catalysts prepared by the traditional impregnation method was found to change after a first CO2 hydrogenation reaction cycle from 100 to 800 °C. The usually high CH4 formation was suppressed leading to full selectivity toward CO. This behavior was also observed after the catalyst was treated under methane or propane atmospheres at elevated temperatures. In situ spectroscopic studies revealed that the accumulation of carbon species on the catalyst surface at high temperatures leads to a nickel carbide-like phase. The catalyst regains its high selectivity to CH4 production after carbon depletion from the surface of the Ni particles by oxidation. However, the selectivity readily shifts back toward CO formation after exposing the catalysts to a new temperature-programmed CO2 hydrogenation cycle. The fraction of weakly adsorbed CO species increases on the carbide-like surface when compared to a clean nickel surface, explaining the higher selectivity to CO. This easy protocol of changing the surface of a common Ni catalyst to gain selectivity represents an important step for the commercial use of CO2 hydrogenation to CO processes toward high-added-value products.