BP announced its decision to maintain its headquarters in London regardless of the U.K.’s vote to exit the European Union (EU) or Brexit. UK’s Prime Minister David Cameron announced his resignation on the same day.
The supermajor mentioned that though “uncertainty is never helpful for a business” it respects “the decision taken by the British electorate in the EU referendum.” The company added that it believes that it is very early to ascertain the full consequences of this decision.
However, BP does not expect this decision to have a substantial impact on its business or investments in the U.K. and continental Europe. The company is also optimistic that Brexit will not have a notable impact on the location of its headquarters or staff
BP has decided to deal with both the U.K. government and the EU on areas of common interest until a clearer view with respect to the process for negotiations around the nation’s future relationship with the EU emerges.
Fellow supermajor, Royal Dutch Shell (RDS.A), which has a large presence in London mentioned that it would continue to work with the U.K. government and EU institutions subsequent to the decision by the electorate to quit the EU.
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