A key requirement to perform simulations of large quantum systems on near-term quantum hardware is the design of quantum algorithms with short circuit depth that finish within the available coherence time. A way to stay within the limits of coherence is to reduce the number of gates by implementing a gate set that matches the requirements of the specific algorithm of interest directly in hardware. Here, we show that exchange-type gates are a promising choice for simulating molecular eigenstates on near-term quantum devices since these gates preserve the number of excitations in the system. Complementing the theoretical work by Barkoutsos et al. [PRA 98, 022322 (2018)], we report on the experimental implementation of a variational algorithm on a superconducting qubit platform to compute the eigenstate energies of molecular hydrogen. We utilize a parametrically driven tunable coupler to realize exchange-type gates that are configurable in amplitude and phase on two fixed-frequency superconducting qubits. With gate fidelities around 95% we are able to compute the eigenstates within an accuracy of 50 mHartree on average, a limit set by the coherence time of the tunable coupler.The simulation of the electronic structure of molecular and condensed matter systems is a challenging computational task as the cost of resources increases exponentially with the number of electrons when accurate solutions are required. With the tremendous improvements in our ability to control complex quantum systems this bottleneck may be overcome by the use of quantum computing hardware [1]. In theory, various algorithms for quantum simulation have been designed to that end, including quantum phase estimation [2] or adiabatic algorithms [3]. With these algorithms the challenges for practical applications lie in the efficient mapping of the electronic Hamiltonian onto the quantum computer and in the required number of quantum gates that remains prohibitive on current and near-term quantum hardware [4] without quantum error correction schemes [5]. On the other hand, variational quantum eigensolver (VQE) methods [6, 7] can produce accurate results with a small number of gates [8] using for instance algorithms with low circuit depth [9] and do not require a direct mapping of the electronic Hamiltonian onto the hardware. Moreover, such algorithms are inherently robust against certain errors [8, 10, 11] and are therefore considered as ideal candidates for first practical implementations on non error-corrected, near-term quantum hardware.Recently, the molecular ground state energy of hydrogen and helium have been computed via VQE in proof of concept experiments using NMR quantum simulators [12][13][14], photonic architectures [6] or nitrogenvacancy centers in diamond [15]. Although very accurate energy estimates are obtained, quantum simulation of larger systems remains an intractable problem on these platforms because of the difficulties arising in scaling them up to more than a few qubits. For this reason trapped ions [16][17][18][19] and supe...