BP P.L.C.
Company Information
- Company Number
- 00102498
- Registered Address
- 1 St James's Square, London, SW1Y 4PD
- Status
- Active
- Employee Count
- 79,400
- Turnover
- £167,215,000,000
- EBITDA
- £38,415,000,000
Additional Details
- Website
- https://www.bp.com/
- Company Type
- Public limited Company
- Incorporated On
- 14 April 1909
- Nature of Business
- 70100 - Activities of head offices
- Industries
- Property,Infrastructure And Construction
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Performance Reports History
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jan 2025 - 30 Jun 2025 | 28 Jul 2025 | 25 | 76% | 19% | 5% | 27% |
| 01 Jul 2024 - 31 Dec 2024 | 28 Jan 2025 | 40 | 55% | 30% | 15% | 33% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 23 | 75% | 19% | 6% | 13% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 5 | 88% | 8% | 4% | 9% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 10 | 82% | 18% | 0% | 18% |
| 01 Jul 2022 - 31 Dec 2022 | 14 Feb 2023 | 1 | 89% | 7% | 4% | 7% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 9 | 92% | 8% | 0% | 8% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 11 | 92% | 8% | 0% | 8% |
| 01 Jul 2020 - 31 Dec 2020 | 30 Jan 2021 | 16 | 83% | 15% | 2% | 7% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 10 | 94% | 6% | 0% | 3% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 22 | 72% | 24% | 4% | 19% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 24 | 52% | 44% | 4% | 33% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
30 days
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No relevant contracts were entered into during the period. Payment statistics disclosed in this report can be affected by a number of different factors including payments made to other BP group companies which are included within the data disclosed. Invoices are often reported as due but not paid within agreed terms because contract payments due on weekends or bank holidays are typically paid on the following business day and the company typically initiates payments in batches, on a twice weekly basis; where this is the case payments will normally be received by the supplier within a few days of the due date.
Maximum contractual payment period agreed
0
Dispute Resolution Process
The Company will notify suppliers of any invoice disputes. The Company and the supplier will endeavour to resolve all disputes by agreement of the parties. Once resolved, payment will be made in accordance with agreed terms. If these discussions are unsuccessful, then the dispute will be resolved by reference to arbitration or courts (as specified in the contract).
Other Payment Information
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
❌
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.
❌
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.
❌
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
BP P.L.C. is a multinational oil and gas company headquartered in London, United Kingdom. It operates in over 70 countries and has a strong focus on sustainability and environmental responsibility.
The company's sustainability program, called "Advancing Low Carbon", aims to reduce carbon emissions and invest in renewable energy sources. BP has also committed to achieving net-zero carbon emissions by 2050 and has set targets to reduce its carbon footprint in its operations.
In addition to its traditional oil and gas products, BP also offers a range of low-carbon energy products such as biofuels, wind power, and electric vehicle charging. The company is also investing in research and development of new technologies to further reduce its carbon footprint.
BP is led by CEO Bernard Looney, who took over the role in 2020. The company has a diverse leadership team with members from various backgrounds and expertise.
Customers can contact BP through their website or through their registered office address at 1 St James's Square, London, SW1Y 4PD, United Kingdom. The company's website, www.bp.com, provides information about their products, sustainability efforts, and financial performance. BP also has a strong presence on social media platforms such as LinkedIn, Twitter, and Instagram.
