A process for converting carbon monoxide and water in a reformate stream into carbon dioxide and hydrogen comprising: generating a reformate by reacting a hydrocarbon via partial oxidation, steam reforming, or both, including autothermal reforming; and promoting a water gas shift in the reformate in the presence of a platinum group metal selected from the group consisting of platinum, palladium, iridium, osmium, rhodium and mixtures thereof, supported on zirconium oxide. The platinum group metal advantageously may be supported directly on a monolithic substrate composed of zirconium oxide.