BP has said that it is not the only oil Company responsible for oil spill in the Gulf of Mexico. The Company is firm on the view that the claims of its negligence in the oil spill are baseless.

BP in this week will present the report of an internal inquiry, which was carried out to find out the reasons of Deepwater Horizon explosion. According to BP, this internal investigation has given a clean chit that the oil Company is not solely responsible for it. The detailed outcomes of this internal inquiry would be disclosed after one month.

But, if investigators find that the firm has shown negligence towards such a major issue, it may become liable to pay fines worth $1,100 under US’s Clean Water Act.

However, critics don’t seem to be satisfied with the explanation given by BP. In the Congress hearings, the US politicians have blamed BP for the spill. Politicians have blamed that the oil Company has neglected the industry safety measures in order to save money.

Speculations are also raised that the Chief Executive Tony Hayward may have to bid farewell to the positions at the half year results meeting of the Company, which is scheduled to be held on Tuesday. Though, the Spokesman for the Company has refused to comment over the issue.