While some of its partners such as Anadarko and Transocean are covered to a certain extent by insurance, BP, like many of the major oil companies, has a negligible amount of its exposure insured, says Syme.
Nearly two weeks ago, Nomura analyst Alastair Syme floated what looked like a novel idea at the time: with debt financing appearing expensive and asset sales taking time, oil giant BP may consider an equity-linked financing backed by a sovereign wealth fund.