7:14 am July 30, 2010, by Henry Unger
BP has lots of self-inflicted wounds from the Gulf oil disaster.
As it tries to repair its tarnished reputation, should it change the name of its gas stations?
Associated Press is reporting that BP station owners across the country are divided over whether the oil giant should rebrand U.S. outlets as Amoco or another name.
Some who have seen their sales plunge say BP has already sought a fresh start by naming an American to replace its gaffe-prone British CEO, AP writes. So why not change the name on gas stations marquees as a further symbol of that culture shift?
Others worry that a name change is a big deal that is risky given all the marketing dollars already spent building up the BP brand. They also believe a successful turnaround with the existing brand will have a bigger payoff, AP reports.
What do you think? Should BP try to get a fresh start with a new name? Will it do any good? Will it make any difference to you?
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104 comments Add your comment
The Stock Tutor » Blog Archive » US petrol stations to consider banishing BP from the pumps – Telegraph.co.uk
August 1st, 2010
9:47 am
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The Investing Tutor » Blog Archive » US petrol stations to consider banishing BP from the pumps – Telegraph.co.uk
August 1st, 2010
9:56 am
[...] Consider Rebranding as AmocoFast CompanySeeking Alpha (blog) -TopNews New Zealand -Atlanta Journal Constitution (blog)all 478 news [...]
Jeff
August 1st, 2010
2:24 pm
I think that re-branding themselves will only temporarily “band-aid” the problem. People will not soon forget what happened. The only way for them to fix their rep is to go over-the-top with efforts to clean up the spill and help repair the lives of people affected by it. Let’s all join the guys at http://www.TheWorldFrenzy.com
A.S.Mathew
August 2nd, 2010
10:37 am
Let us grow soya bean and produce more than enough biodiesel to run cars. Then all these
oil companies will change their names every week and a parade of merger will start. Why do
I need to punish the local gas station owner for the mishap at the gulf of mexico!