CHEVRON INTERNATIONAL EXPLORATION AND PRODUCTION COMPANY LIMITED
Company number: 11867122
Reporting period:
1 July 2025 to 31 December 2025
Report filed on:
30 January 2026
Approved by:
Claire Pearson
Payment statistics
Average time taken to pay invoices: 30 days
Total value paid:
- within 30 days: £37,358,147 (96%)
- in 31 to 60 days: £514,941 (1%)
- in 61 days or more: £852,574 (2%)
Invoices paid:
- within 30 days: 78%
- in 31 to 60 days: 7%
- in 61 days or more: 15%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £11,123,132
- payments due in the reporting period which have not been paid within the agreed period: 8%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
60 days
Standard payment terms
Intercompany invoices are due on 25th day of each month subject to a minimum payable balance. Those not meeting the threshold are paid twice a year in March and September.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
60 days
Intercompany invoices are paid by 25th of following month subject to meeting the required threshold.
Any other information about payment terms
No further comment provided
Dispute resolution process
The company has an online portal for contractors to submit invoice queries and obtain payment remittance advice. The supplier relations team will verify reasons for non-payment and escalate to the accounts payable team if not able to resolve the query through this means
Other payment information
Has this business signed up to a code of conduct or standards on payment practices? If so, which?
For example, signatories to The Fair Payment Code must commit to paying 95% of their invoices within 60 days.
Yes, this business has signed up to: Offshore Energies (OEUK) / North Sea Transition Authority (NSTA) Supply Chain Code of Practice
Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
Yes
Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
No
Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No