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

BP plc trades at a significantly lower EV/EBITDA multiple (2.97x) compared to industry peers, supported by strong oil prices around $90/barrel, promising upstream projects launching 2028-2030, and improved refining margins. Despite positive fundamentals, BP's 38.4% annual stock gain has lagged the broader energy sector's 46.5% growth, suggesting potential upside opportunity.