BP moves to soothe fears over UK vote to leave EU

BP said today that it does not expect the UK vote to leave the EU to have a major impact on its business in Europe.

"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 HQ or our staff." But BP did add the caution that "it is far too early to understand the detailed implications of this decision and uncertainty is never helpful for a business such as ours".

BP shares initially dropped by more than 4pc on the London stock exchange but quickly regained much of the ground to stand 2.35pc lower at around 08:45 London time.