BP Spends $1M Per Week On Advertising

BP (NYSE: BP), Europe's largest oil company by production volume, has been spending $1 million a week on advertising in the wake of the Gulf of the Mexico oil spill in a bid to repair its highly damaged public image.

That figure includes radio and TV ad buys. BP is expected to detail its post-spill spending in testimony before the House Energy & Commerce Committee on Monday.

Chairman Henry Waxman (D-CA) asked BP to provide "information about BP's spending on corporate advertising and marketing relating to the Deepwater Horizon oil spill and relief, recovery and restoration efforts in the Gulf of Mexico," according to the U.K. Press Association.