BP EXPLORATION OPERATING COMPANY LIMITED
Company Information
- Company Number
- 00305943
- Registered Address
- Chertsey Road, Sunbury On Thames, Middlesex, TW16 7BP
- Status
- Active
- Employee Count
- 2,851
- Turnover
- £2,746,000,000
- EBITDA
- £3,860,000,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 12 October 1935
- Nature of Business
- 06100 - Extraction of crude petroleum70100 - Activities of head offices
- Industries
- Property,Infrastructure And Construction
- Region
- South East
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 | 30 Jul 2025 | 28 | 90% | 9% | 1% | 6% |
| 01 Jul 2024 - 31 Dec 2024 | 30 Jan 2025 | 33 | 85% | 13% | 2% | 6% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 34 | 81% | 17% | 2% | 9% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 34 | 70% | 22% | 7% | 9% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 33 | 82% | 16% | 2% | 6% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 30 | 87% | 12% | 1% | 3% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 34 | 72% | 26% | 2% | 8% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 35 | 29% | 68% | 3% | 54% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 35 | 21% | 76% | 3% | 63% |
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
Standard contractual terms for the payment to suppliers are 30 - 60 days.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
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 BACS transfers to suppliers arrive in the supplier’s bank account two business days after leaving the company’s bank account, 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 daily 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
60
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.
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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
Company Summary
BP Exploration Operating Company Limited is a subsidiary of BP, one of the world's leading integrated oil and gas companies. The company operates in over 70 countries and is committed to providing safe, reliable, and sustainable energy solutions.
As part of its sustainability efforts, BP Exploration Operating Company Limited focuses on reducing its carbon footprint and promoting environmental conservation. The company has set ambitious targets to reduce greenhouse gas emissions and increase the use of renewable energy sources in its operations.
In terms of products and services, the company offers a wide range of energy solutions, including oil, natural gas, and low-carbon alternatives such as biofuels and wind power. BP Exploration Operating Company Limited also invests in research and development to find new and innovative ways to produce and deliver energy.
The key people at BP Exploration Operating Company Limited include Bernard Looney, the CEO, and Susan Dio, the Chairman. Both are experienced leaders in the energy industry and are committed to driving the company's sustainability efforts.
For more information on BP Exploration Operating Company Limited and its products and services, you can visit their website at www.bp.com. The registered office address is 1 St James's Square, London SW1Y 4PD, United Kingdom.
