Methods are provided for producing an alcohol-containing pyrolysis product. Initially, a hydrocarbon feedstock is pyrolyzed in the presence of a catalyst system, the catalyst system comprising a basic metal oxide catalyst and a hydrogenation metal catalyst. A pyrolysis product is produced that contains at least one alcohol. The basic metal oxide catalyst is comprised of at least one metal from Group 2, Group 3 including Lanthanides and Actinides, or Group 4 of the Periodic Table of Elements, and the supported hydrogenation metal catalyst is comprised of at least one metal from Group 6 or Groups 8-10 of the Periodic Table of Elements.