Since the advent of third generation synchrotron light sources optimized for providing soft X-rays up to 2 keV, X-ray photoelectron spectroscopy (XPS) has been developed to be an outstanding tool to study surface properties and surface reactions at an unprecedented level. The high resolution allows identifying various surface species, and for small molecules even the vibrational fine structure can be resolved in the XP spectra. The high photon flux reduces the required measuring time per spectrum to the domain of a few seconds or even less, which enables to follow surface processes in situ. Moreover, it also provides access to very small coverages down to below 0.1% of a monolayer, enabling the investigation of minority species or processes at defect sites. The photon energy can be adjusted according to the requirement of a particular experiment, i.e., to maximize or minimize the surface sensitivity or the photoionization cross-section of the substrate or the adsorbate. For a few instruments worldwide, a next step forward was taken by combining in situ high-resolution spectrometers with supersonic molecular beams. These beams allow to control and vary the kinetic and internal energies of the incident molecules and provide a local pressure of up to ~10−5 mbar, which can be switched on and off in a controllable way, thus offering a well-defined time structure to study adsorption or reaction processes.Herein, we will review some specific scientific aspects which can be addressed by in situ XPS in order to demonstrate the power and potential of the method: In particular, the following topics will be addressed: (1) The sensitivity of the binding energy to adsorption sites will be analyzed, using CO on metals as example. From measurements at different temperatures, the binding energy difference between different sites can be derived, and exchange processes between different adsorbate species at step edges can be followed. (2) The vibrational fine structure of adsorbed small hydrocarbon species on metal surfaces will be analyzed in detail. We will first introduce the linear coupling model, then discuss the properties of adsorbed methyl and of a number of other small hydrocarbons, and show that the vibrational signature can be used as fingerprint for identifying surface species. (3) It is demonstrated that the binding energy of equivalent atoms in a molecule can be differentially changed by adsorption to a substrate; this sensitivity to the local environment will be discussed for adsorbed ethylene, benzene and graphene. (4) By temperature programmed XPS, the thermal evolution of adsorbed species can be followed in great detail, allowing for the identification of reaction intermediates and the determination of their stabilities. (5) The investigation of reaction kinetics by isothermal XPS measurements will be discussed; here results for the oxidation of sulfur and of CO will be presented and the corresponding activation energies of the rate limiting steps will be determined.