Industry ranking
Score of 89.45/100 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 | 28 | 93% | 5% | 2% | 7% |
| 01 Jan 2025 - 30 Jun 2025 | 17 Jul 2025 | 29 | 91% | 6% | 3% | 10% |
| 01 Jul 2024 - 31 Dec 2024 | 31 Jan 2025 | 32 | 87% | 8% | 5% | 14% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 29 | 87% | 7% | 4% | 15% |
| 01 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 28 | 89% | 9% | 2% | 15% |
| 01 Jan 2023 - 30 Jun 2023 | 02 Aug 2023 | 27 | 76% | 23% | 1% | 27% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 28 | 93% | 5% | 2% | 9% |
| 01 Jan 2022 - 30 Jun 2022 | 25 Jul 2022 | 27 | 85% | 13% | 2% | 19% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 28 | 80% | 18% | 2% | 23% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 29 | 91% | 8% | 2% | 8% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 30 | 90% | 6% | 3% | 11% |
| 01 Jul 2019 - 31 Dec 2019 | 24 Jan 2020 | 29 | 93% | 6% | 1% | 8% |
| 01 Jan 2019 - 30 Jun 2019 | 19 Jul 2019 | 28 | 94% | 5% | 1% | 9% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 28 | 95% | 4% | 1% | 7% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 28 | 92% | 7% | 1% | 11% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard contractual terms relating to payment for the procurement of goods and/or services is 30 days from receipts of the invoice. In the commodities traded market Phillips 66 uses industry standard terms which are negotiated with the suppliers as part of contractual negotiation
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
45
Phillips 66 Vendors can use the Actian website that allows suppliers to view and monitor their account information, also we have an 8 am to 4.30pm accounts payable telephone number. Queries relating to the payment of invoices should, in the first instance be raised through the Actian website or the account payable telephone number, we also have an email address Transaction.account@p66.com for vendor to follow up on queries.
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.
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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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Phillips 66 Limited is the UK subsidiary of the US-headquartered Phillips 66 group, registered in England and Wales. It operates the Humber Refinery in North Lincolnshire, processing North Sea crude oil into transport fuels and feedstocks, and supplies wholesale fuel from terminals across the UK to supermarkets, airlines and oil companies. The company also runs London-based commercial trading in crude oil, refined products and petrochemicals. It supplies around 15 percent of UK transport, heating and power fuel demand and operates the JET fuel brand, with over 320 independent and company-owned forecourts across the country.
Generated from the company's website and Companies House records. Sources: phillips66.co.uk · phillips66.co.uk