REUTERS
BP spokesman Tony Odone said the company had “no comment on who our advisers are and what their role is.”
Odone also said there was no truth to a previous report that the company had hired banks with a mandate to defend it from unwanted takeover attempts.
The company has lost more than 40 percent of its market value since the explosion of the Deepwater Horizon rig that led to the worst U.S. oil spill ever.
Millions of gallons of oil have gushed into the Gulf since an April 20 explosion on an offshore rig killed 11 workers and ruptured BP’s well. The spill has soiled 120 miles of U.S. coastline, imperiled a multibillion-dollar fishing industry, and killed birds, sea turtles and dolphins.
There has been much speculation about how the company will deal with the potentially huge liabilities arising from the spill.
Analysts and investment bankers have suggested that the company could sell assets if necessary or even become a takeover target.
Some media reports, including one in the New York Times, have even suggested bankruptcy as a worst-case scenario for the British oil company.
U.S. lawmakers have pressured the company to suspend its quarterly dividend and to set up an escrow account to pay damage claims by individuals and businesses hurt by the spill. More than 50 Democratic senators suggested in a letter that BP should make an initial $20 billion payment into an independently managed account to cover compensation for victims and for clean-up.
The source did not specify what the role will be for the banks. Investment bankers generally advise companies on corporate strategy including mergers and acquisitions and financings.
Bankers and lawyers who are not currently advising BP suggested that the banks could be helping the oil company with issues such as its dividend, valuations of various assets and capital raising schemes.
Goldman, Credit Suisse and Blackstone declined to comment.
BP unveils new oil spill plan as shares tumble
This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
