Published: Oct 25, 2010 6:36 PM EDT
Updated: Oct 25, 2010 3:36 PM EDT

LONDON (AP) - BP Chief Executive Bob Dudley has reassured British business leaders that the company has the financial strength to shoulder the costs of the Gulf of Mexico oil spill.

Giving his first address at an external event since taking the reins at BP earlier this month, Dudley was both apologetic for the Gulf disaster and determined that the company will regain international trust.

Dudley said Monday that he has spent "much of the last few weeks" traveling the world to visit BP's partners, receiving "strong support."

He says BP's underlying operational and financial performance "is sound" thanks to its wide geographical reach. He also stresses the company has no intention of walking away from the United States in spite of its current problems there.