Score of 83.55/100 qualifies for PaymentCheck Certification
| 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 Jul 2025 - 31 Dec 2025 | 28 Jan 2026 | 19 | 73% | 27% | 0% | 5% |
| 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 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 24 | 70% | 20% | 10% | 23% |
| 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 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 24 | 79% | 17% | 4% | 17% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 22 | 72% | 24% | 4% | 19% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 27 | 44% | 53% | 3% | 46% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 24 | 52% | 44% | 4% | 33% |
This information is as reported by the business, and responses are in their own words.
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
30
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).
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.
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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.
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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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
BP P.L.C. is the ultimate holding company and head office entity of the BP group, a global energy business. Companies House records its activity as head office functions, with the group operating across gas and low carbon energy, oil production and operations, and customers and products. The wider group extracts and trades natural gas and electricity, including renewable and non-renewable power, manages onshore and offshore wind farms, and is involved in hydrogen production, alongside traditional oil and fuel operations and retail forecourts. The company was previously named The British Petroleum Company P.L.C. and later BP Amoco P.L.C. before adopting its current name. It remains an active, UK-registered public limited company based in London.
Generated from the company's website and Companies House records. Sources: data.companieshouse.gov.uk · northdata.com