Using a combination of SUBSTR, INSTR, and NVL (for strings without an underscore) will return what you want:
SELECT NVL(SUBSTR('ABC_blah', 0, INSTR('ABC_blah', '_')-1), 'ABC_blah') AS output
FROM DUAL
Result:
output
------
ABC
Use:
SELECT NVL(SUBSTR(t.column, 0, INSTR(t.column, '_')-1), t.column) AS output
FROM YOUR_TABLE t
Reference:
Addendum
If using Oracle10g+, you can use regex via REGEXP_SUBSTR.