Catalytic hydrogenolysis of the Z‐isomer of a series of aryl‐substituted ketene heterodimer β‐lactones facilitated access to deoxypropionate derivatives with a dr ranging from 54:46 to 86:14, favoring the anti‐isomer, and with excellent transfer of chirality (91 → 99 % ee for 13 examples). Although X = 4‐F was determined to provide optimal diastereoselectivity (dr 86:14), a non‐linear relationship between diastereoselectivity and aryl substituent σ values was found. For cases where a para‐ or ortho‐EWG was present on the aryl ring of the ketene heterodimer, formation of significant amounts of β‐lactone (20–44 %) as by‐product was observed. The results of a number of control reactions point to anti‐β‐elimination and an anti‐selective hydrogenation of an E‐isomer olefin intermediate being key steps in the reaction mechanism. The synthetic potential of the deoxypropionate derivative products was demonstrated by oxidative conversion into a 1,5‐difunctionalized deoxypropionate motif.