This paper investigates the industrial production of hydrogen through steam methane reforming (SMR) from both exergy efficiency and CO2 emission aspects. An SMR model is constructed based on a practical flow diagram including desulfurizer, furnace, separation unit and heat exchangers. The influence of reformer temperature (Tr) and steam to carbon (S/C) ratio is analyzed to optimize exergy efficiency and CO2 emission. A clear correlation is obtained between exergy efficiency and CO2 emission. Results also show optimal S/C ratio decreases with Tr. An exergy load distribution analysis which evaluates interactions between the system and its subsystems with parameter variations is employed to find promising directions for efficiency improvement. Results show that the greatest improvement lies in increasing efficiency of furnace without increasing its relative exergy load. Integration of oxygen-enriched combustion (OEC) with SMR is also evaluated. The integration of OEC can increase the system efficiency greatly when the reformer operates above critical point, while in other cases the system efficiency may decrease. Copyright (C) 2011, Hydrogen Energy Publications, LLC. Published by Elsevier Ltd. All rights reserved.