Deepwater Horizon oil spill 17 of whom were treated for injuries. The Deepwater Horizon sank on the morning of 22 April 2010. The oil leak was discovered on the afternoon of 22 April 2010 when a large oil slick began to spread at the former rig site. The oil flowed for 87 days. BP originally estimated a flow rate of . The Flow Rate Technical Group (FRTG) estimated the initial flow rate was . The total estimated volume of leaked oil approximated with plus or minus 10% uncertainty, including oil that was collected, making it the world's largest accidental spill. BP challenged the higher
Deepwater Horizon oil spill pension fund managers (who have large holdings of BP shares and rely upon its dividends) accepted that while BP had to pay compensation for the spill and the environmental damage, they argued that the cost to the company's market value from President Obama's criticism was far outweighing the direct clean-up costs. Initially, BP downplayed the incident; its CEO Tony Hayward called the amount of oil and dispersant "relatively tiny" in comparison with the "very big ocean." Later, he drew an outpouring of criticism when he said that the spill was a disruption to Gulf Coast residents and himself adding, "You