BP EXPLORATION ALPHA LIMITED
Company Information
- Company Number
- 01021007
- Registered Address
- Chertsey Road, Sunbury On Thames, Middlesex, TW16 7BP
- Status
- Active
- Employee Count
- 47
- Turnover
- £623,320,000
- EBITDA
- £563,652,000
Additional Details
- Website
- https://bp.com
- Company Type
- Private limited Company
- Incorporated On
- 16 August 1971
- Nature of Business
- 06100 - Extraction of crude petroleum
- Industries
- Property,Infrastructure And Construction
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The trend for BP EXPLORATION (ALPHA) LIMITED's average time to pay invoices has been fluctuating over the past three periods, with a decrease in 2019 and an increase in 2020. However, the overall trend appears to be improving as the company has been paying invoices faster in recent periods compared to earlier periods.
Volatility Analysis
The volatility in BP EXPLORATION (ALPHA) LIMITED's average time to pay invoices has decreased over the past three periods, with a decrease in the percentage of invoices paid later than 60 days and an increase in the percentage of invoices paid within 30 days.
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 2020 - 30 Jun 2020 | 29 Jul 2020 | 28 | 84% | 13% | 3% | 3% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 25 | 93% | 7% | 0% | 2% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 25 | 58% | 41% | 1% | 34% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 31 | 31% | 66% | 3% | 62% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 29 | 36% | 62% | 2% | 58% |
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 days.
Were there any changes to the standard payment terms in the reporting period?
No
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.
❌
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 Exploration (Alpha) Limited is a British multinational oil and gas company that specializes in exploration, production, and distribution of energy resources. The company is a subsidiary of BP plc and has its registered office located in London, United Kingdom.
The primary activities of BP Exploration (Alpha) Limited include exploration, development, and production of oil and natural gas reserves. The company operates in various countries around the world, including the United Kingdom, Egypt, Algeria, and the Gulf of Mexico.
BP Exploration (Alpha) Limited is committed to sustainability and has implemented various initiatives to reduce their environmental impact. These include investing in renewable energy sources, implementing carbon capture and storage technology, and reducing greenhouse gas emissions. The company also has a strong focus on safety, health, and environmental stewardship.
In addition to its core operations, BP Exploration (Alpha) Limited also offers a range of products and services such as fuel, lubricants, and petrochemicals to customers in the energy industry. The company also provides innovative solutions to help customers reduce their carbon footprint and increase efficiency.
The key people at BP Exploration (Alpha) Limited include the CEO, Bernard Looney, and the Chairman, Helge Lund. Both are experienced leaders in the energy industry and are committed to driving the company towards sustainable growth.
Customers and stakeholders can contact BP Exploration (Alpha) Limited through their website, which provides information on their products, services, and sustainability program. The registered office address is 1 St James's Square, London, SW1Y 4PD, United Kingdom. With its focus on sustainability and commitment to providing high-quality energy resources, BP Exploration (Alpha) Limited continues to be a leading player in the global energy market.
