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BP says it will keep UK headquarters despite Brexit vote

Jun. 24, 2016 7:59 AM ETBP p.l.c. (BP) StockBPBy: Carl Surran, SA News Editor14 Comments
  • BP pledges to keep its headquarters in the U.K., despite Britain's vote to leave the European Union.
  • "It is far too early to understand the detailed implications of this decision... however, we do not currently expect it to have a significant impact on BP's business or investments in the UK and continental Europe, nor on the location of our headquarters or our staff," a company spokesperson says.
  • "You’ll see all kinds of dislocation," CEO Bob Dudley said yesterday when asked about the fallout if Britain left the EU, but did not discuss how his company might react.
  • Former BP CEO John Browne told CNBC yesterday the U.K. would likely "never recover" if it left the EU.
  • BP -9% U.S. premarket; -2.1% in London.

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