Coking dry gas from delayed coking processes is rich in light hydrocarbons, making it a comparative ideal feedstock for hydrogen production. Current steam reforming processes have the disadvantages of high energy consumption and carbon emissions, whereas chemical looping hydrogen generation produces high-purity hydrogen with inherent carbon capture and a low energy penalty. Therefore, this study proposes a coking dry gas chemical looping process for hydrogen production, considering two schemes (external-heating and self heating) and optimizes key parameters of the systems in detail. The optimal molar ratios of the oxygen carrier, steam, and air to coking dry gas for the externally heated and self-heated schemes were 8.62, 4.90, 2.27 and 8.62, 3.78, 4.07, respectively. The energy efficiencies of the two systems can reach 76.55% and 77.93% with carbon capture rates of 76.29% and 100%, 3.26% and 5.13% higher than efficiency of the steam reforming system. The self-heated system had the highest hydrogen production of 2.67 kmol/kmol coking dry gas. Based on a self-heated hydrogen system, a chemical looping hydrogen generation system was coupled with a solid oxide fuel cell. This integrated system achieved the better power generation performance with an anode recycling ratio of about 0.7. The net electrical efficiency of the system was 58.79%, which is 3.34% higher than that of a steam reforming system coupled with a solid oxide fuel cell. The results reveal that the chemical looping systems are suitable for the clean utilization of dry gas and provide a strategy for efficient hydrogen production and power generation.