The average time taken for ENTERPRISE OIL LIMITED to pay invoices to suppliers has remained relatively consistent over the past five periods, ranging from 54 days to 58 days.
There is moderate volatility in the percentage of invoices paid within 30 days, with a range of 16% over the past five periods.
In the past three periods, ENTERPRISE OIL LIMITED has shown a decrease in the percentage of invoices paid within 30 days, with the lowest percentage being 6% in 2023. However, there has been an increase in the percentage of invoices paid between 31 and 60 days, with the highest percentage being 90% in 2023. This suggests that the company may be taking longer to pay invoices, but still within a reasonable time frame.
| 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 | 23 Jan 2026 | 57 | 8% | 86% | 6% | 5% |
| 01 Jan 2025 - 30 Jun 2025 | 29 Jul 2025 | 57 | 8% | 89% | 3% | 4% |
| 01 Jul 2024 - 31 Dec 2024 | 24 Jan 2025 | 58 | 6% | 89% | 5% | 5% |
| 01 Jan 2024 - 30 Jun 2024 | 23 Jul 2024 | 58 | 6% | 91% | 3% | 4% |
| 01 Jul 2023 - 31 Dec 2023 | 26 Jan 2024 | 58 | 8% | 87% | 5% | 4% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 58 | 8% | 87% | 5% | 4% |
| 01 Jan 2023 - 30 Jun 2023 | 21 Jul 2023 | 58 | 6% | 90% | 4% | 4% |
| 01 Jul 2022 - 31 Dec 2022 | 20 Jan 2023 | 56 | 9% | 88% | 3% | 3% |
| 01 Jan 2022 - 30 Jun 2022 | 25 Jul 2022 | 57 | 9% | 87% | 4% | 4% |
| 01 Jul 2021 - 31 Dec 2021 | 26 Jan 2022 | 57 | 7% | 91% | 2% | 2% |
| 01 Jan 2021 - 30 Jun 2021 | 26 Jul 2021 | 57 | 8% | 89% | 3% | 4% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 56 | 14% | 83% | 3% | 4% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 56 | 11% | 74% | 15% | 18% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Feb 2020 | 56 | 9% | 57% | 34% | 40% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 56 | 9% | 57% | 34% | 40% |
| 01 Jan 2019 - 30 Jun 2019 | 28 Jul 2019 | 58 | 14% | 64% | 22% | 26% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 58 | 16% | 78% | 6% | 6% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 54 | 24% | 70% | 7% | 9% |
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
Enterprise Oil Limited is a British oil and gas company that specializes in the exploration, production, and marketing of oil and gas resources. The company was founded in 1969 and is headquartered in London, United Kingdom.
The main activities of Enterprise Oil Limited include the exploration and production of oil and gas in the North Sea, the United Kingdom, and other international locations. The company also engages in the refining and marketing of these resources, as well as the distribution of natural gas and electricity. Enterprise Oil Limited has a strong focus on sustainability and has implemented various initiatives to reduce its environmental impact and promote responsible resource management.
One of the key sustainability programs of Enterprise Oil Limited is its commitment to reducing greenhouse gas emissions through the use of low-carbon technologies and renewable energy sources. The company also invests in community development and supports local education, health, and social initiatives in the areas where it operates.
Enterprise Oil Limited offers a wide range of products and services, including crude oil, natural gas, and refined petroleum products. The company also provides energy solutions for industrial and commercial customers, as well as residential consumers.
The key people of Enterprise Oil Limited include its Chairman, Chief Executive Officer, and Executive Director. The company also has a team of experienced professionals who are responsible for its day-to-day operations and strategic decision-making.
For more information on Enterprise Oil Limited, including its sustainability efforts and product offerings, interested parties can visit the company's website at https://www.enterpriseoil.com/. The registered office address of the company is 1 St James's Square, London, SW1Y 4PD, United Kingdom.