Score of 87.3/100 qualifies for PaymentCheck Certification
Over the past three periods, SHELL INTERNATIONAL PETROLEUM COMPANY LIMITED has shown a consistent trend of improving their average time to pay invoices, with a decrease of 15% from 47 days in the first period to 32 days in the most recent period. This is reflected in the decrease in the percentage of invoices paid later than 60 days, which has dropped from 18% to 1%. Additionally, there has been an increase in the percentage of invoices paid within 30 days, from 47% to 86%.
The data for SHELL INTERNATIONAL PETROLEUM COMPANY LIMITED shows a relatively stable pattern over the past three periods, with only minor fluctuations in the percentages of invoices paid within different timeframes. However, there has been a significant decrease in the percentage of invoices not paid within agreed terms, dropping from 32% to 1%.
In the past three periods, SHELL INTERNATIONAL PETROLEUM COMPANY LIMITED has consistently improved their payment process, with a decrease in their average time to pay invoices and a significant decrease in the percentage of invoices paid later than 60 days. They have also shown a strong commitment to paying invoices within 30 days, with an increase from 47% to 86%. The company has also managed to significantly reduce the number of invoices not paid within agreed terms. The shortest standard payment period for SHELL INTERNATIONAL PETROLEUM COMPANY LIMITED remains at 30 days.
| 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 | 27 Jan 2026 | 32 | 85% | 14% | 1% | 1% |
| 01 Jan 2025 - 30 Jun 2025 | 29 Jul 2025 | 31 | 85% | 14% | 1% | 1% |
| 01 Jul 2024 - 31 Dec 2024 | 24 Jan 2025 | 32 | 84% | 15% | 1% | 1% |
| 01 Jan 2024 - 30 Jun 2024 | 23 Jul 2024 | 33 | 84% | 15% | 1% | 1% |
| 01 Jul 2023 - 31 Dec 2023 | 26 Jan 2024 | 32 | 86% | 13% | 1% | 1% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 32 | 86% | 13% | 1% | 1% |
| 01 Jan 2023 - 30 Jun 2023 | 21 Jul 2023 | 34 | 84% | 13% | 3% | 3% |
| 01 Jul 2022 - 31 Dec 2022 | 20 Jan 2023 | 33 | 82% | 15% | 3% | 3% |
| 01 Jan 2022 - 30 Jun 2022 | 25 Jul 2022 | 34 | 80% | 18% | 2% | 3% |
| 01 Jul 2021 - 31 Dec 2021 | 26 Jan 2022 | 35 | 74% | 24% | 2% | 2% |
| 01 Jan 2021 - 30 Jun 2021 | 27 Jul 2021 | 35 | 74% | 25% | 1% | 2% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 36 | 69% | 28% | 3% | 3% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 43 | 60% | 25% | 15% | 17% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Feb 2020 | 40 | 59% | 27% | 14% | 19% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 40 | 59% | 27% | 14% | 19% |
| 01 Jan 2019 - 01 Jun 2019 | 28 Jul 2019 | 41 | 54% | 30% | 16% | 22% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 44 | 51% | 31% | 18% | 35% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 47 | 47% | 35% | 18% | 32% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Shell standard terms are 60 days from receipt of a correctly presented invoice. For suppliers confirmed as SMEs 30-day payment terms are available. Invoice receipt is defined as a complete, fiscally correct invoice delivered at the remittance address specified in the contract / agreement / purchase order. For electronic invoices, invoice receipt is when the invoice data is received within the Shell system.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
The reported data includes intragroup payments. Shell is committed to treating our suppliers fairly and continues to monitor and improve our payment processes to support timely payment of suppliers.
Maximum contractual payment period agreed
60
A centralised point of contact for suppliers’ enquiries is in place via Shell Accounts Payable Helpdesk. This team supports with questions related to but not limited to; payment due dates, incorrect invoice submission, wrong or missing PO details etc. Shell seeks to advise suppliers promptly of any disputes or reasons why an invoice will not be paid in accordance with the agreed terms. Invoices that are subject to dispute will not be paid until resolution of the dispute. Once resolved, payment will be made in accordance with the terms of 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
SHELL INTERNATIONAL PETROLEUM COMPANY LIMITED is a global energy company that is committed to providing sustainable solutions in the oil and gas industry. The company's headquarters is located in London, United Kingdom.
The company's sustainability program focuses on reducing carbon emissions, promoting energy efficiency, and investing in renewable energy sources. This includes initiatives such as carbon capture and storage, biofuels, and wind energy projects.
SHELL offers a wide range of products and services including oil and gas exploration, production, transportation, and marketing. They also offer alternative energy solutions such as electric vehicle charging, liquefied natural gas, and hydrogen.
Some key people in the company include the CEO, Ben van Beurden, and the Chairman, Chad Holliday. They lead a team of over 90,000 employees worldwide who are dedicated to delivering safe, reliable, and sustainable energy solutions.
For more information on SHELL's activities, products, and services, individuals can visit their website at www.shell.com. The registered office address is Shell Centre, London SE1 7NA, United Kingdom. SHELL also has various contact information available on their website for general inquiries, media, and investor relations.