BP is Undervalued: Should You Bet on the Stock Right Away?

What happened: BP trades at a trailing 12-month EV/EBITDA multiple of 2.97x, below the industry average of 5.88x, per the source. Key numbers: BP 2.97x EV/EBITDA. Industry average 5.88x. XOM 9.40x, CVX 7.96x. WTI around $90 per barrel. EIA projected WTI at $88.21 this year versus $65.40 in 2025. Why it matters: The source says high crude prices support BP's exploration and production earnings, while refining margins and trading lifted second quarter results. It notes major projects due between 2028 and 2030 could raise production and cash generation. Market: +1.0% by next close ($46.73 on Oct 12), +39.6% YTD

BP trades at a trailing 12-month EV/EBITDA multiple of 2.97x, below the industry average of 5.88x, per the source.

The source says high crude prices support BP's exploration and production earnings, while refining margins and trading lifted second quarter results. It notes major projects due between 2028 and 2030 could raise production and cash generation. Market: +1.0% by next close ($46.73 on Oct 12), +39.6% YTD