Oil spill search listings bought by BP as stock price plunges


Google, Bing and Yahoo are profiting from the BP oil spill as the besieged business fights to polish its oil stained image. Type "oil spill" in those search engines and BP appears at the top of the page. BP is distributing its oil wealth to search engines as the company’s stock price goes through the floor, threatening its future despite the fact that it has billions stashed away. BP is also taking heat from U.S. politicians who are criticizing the company for paying huge stock dividends when companies displaced by the disaster wait for damage claims. Meanwhile, the oil spill in the Gulf of Mexico 2010 added up to as much as 125 million gallons and counting on day 52 of the disaster.

Source for this article: BP buys top oil spill search listings as BP stock price plummets
The BP scheme for oil spill search

BP is aggressively going after web users looking for a BP oil spill update. USA Today reports that BP, which has been criticized for spinning and withholding info about the disaster, is paying search engine companies Google, Bing and Yahoo to show up as the top sponsored ad for search queries like "BP news," "oil spill" and "oil spill claims". BP’s website, the destination for the sponsored links, presents the story BP would rather have told about the disaster with biased updates, videos and photos. The oil spill live feed, and its view of the ruptured well overwhelming within the oil spill cap, is conspicuously missing.


BP stock price plummets

BP’s search engine oil spill spin has been little help to its stock price. BP stock slumped to its lowest price in a lot more than seven years in London trading, driven by U.S. political pressure over its failure to halt the oil spill in the gulf of Mexico 2010. BP stock is widely held by British pension funds and investors there are angered over the insistence of U.S. lawmakers that BP suspend dividends until the oil spill is cleaned up. The Associated Press quoted House Speaker Nancy Pelosi as saying that BP, responsible under the law for the spill’s economic damage, should withhold dividends until the crisis is resolved.

 Citations

CNNMoney.com

usatoday.com

google.com/hostednews/ap/article

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Community Talk

Re: Oil spill search listings bought by BP as ...

Not surprising.  But I wonder if search engines are legally allowed to play favourites like this. If they are, then I wonder what else they control.  Many people, myself included, rely on these particular search engines for news and facts. I will be more skeptical next time.

Nice blog, I appreciate that you cited your work.