An exit poll and early results suggest the party will be the biggest in Parliament but may fall short of a majority.
Labour, which most polls predicted would lose seats, instead gained dozens, and is projected to win 262, 33 more than before the election campaign.
A final projection published Thursday by pollster Michael Ashcroft predicted a Conservative majority of 76 seats, gaining ground as Labour and the Scottish nationalists slip back. The SDLP and the Ulster Unionists have lost all their Westminster seats.
While the gap between the two parties has narrowed, virtually all polls suggest the Conservatives will retain control of Parliament. As party leader, he unenthusiastically campaigned for Britain to remain in the bloc, but has said that Labour would deliver Brexit if in power.
As she was resoundingly re-elected to her Maidenhead seat in southern England, May looked tense and did not spell out what she planned to do.
'If it is right then the Conservative Party has won the most seats and probably won the most votes.
The talks with Brussels' chief negotiator Michel Barnier are set to kick off on June 19 - 11 - just days after the election.
Speaking about her party's results, Scottish National Party (SNP) leader Nicola Sturgeon said she would be open to a progressive alliance that would end Conservative rule.
British Prime Minister Theresa May has failed to win a parliamentary majority in the United Kingdom election, leaving the country with what's known as a "hung parliament". "Clearly if she's got a worse result than two years ago and is nearly unable to form a government, then she, I doubt, will survive in the long term as Conservative Party leader".
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Liberal Democrats were celebrating the return of former ministers Sir Vince Cable, Sir Ed Davey and Jo Swinson two years after they lost their parliamentary seats. Among the casualties was Alex Salmond, a former first minister of Scotland and one of the party's highest-profile lawmakers.
The move came after it was made clear that Mrs May has no intention of standing down as Conservative leader, despite calls from among her own MPs for her to consider her position.
"She said she was a "bloody hard woman", she boasted about it".
British voters punished Theresa May for her electoral gamble by denying her the resounding mandate she wanted to strengthen her hand in Brexit talks, casting doubt over her premiership and raising the prospect of a deadlocked parliament.
"Theresa did put her mark on this campaign, she takes responsibility as she always does, and I know she will, for the running of the campaign". It was a tightly-knit group and she's her group that ran this campaign. "I mean look where we are for god's sakes".
"If the poll is anything like accurate, this is completely catastrophic for the Conservatives and for Theresa May", said George Osborne, former Conservative finance minister.
A minister admitted there would be "fury" within the party among those who did not believe an election was necessary.
If the exit poll is correct and neither party wins an overall majority, Corbyn could attempt to form a government with smaller parties that also strongly oppose most of May's policies on domestic issues such as public spending cuts. The Conservatives were the largest party but the sitting Labour prime minister, Gordon Brown, stayed in Downing Street while backroom negotiations got under way over the Saturday and Sunday following polling day on the Thursday. "I don't think the Conservative Party is so fickle, or such a fair-weather friend as it would not continue to back the Prime Minister", he said.
Home Secretary Amber Rudd and Education Secretary Justine Greening hung onto their seats by the skin of their teeth with much reduced majorities.
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