CHEVRON PRODUCTS UK LIMITED
Company Information
- Company Number
- 03600726
- Registered Address
- 1 Westferry Circus, Canary Wharf, London, E14 4HA
- Status
- Active
- Employee Count
- 249
- Turnover
- £16,687,000,000
- EBITDA
- £154,000,000
Additional Details
- Website
- https://chevron.com
- Company Type
- Private limited Company
- Incorporated On
- 20 July 1998
- Nature of Business
- 46719 - Wholesale of other fuels and related products
- Industries
- Property,Infrastructure And Construction,Supply Chain,Manufacturing And Commerce Models
- Region
- London
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 Jul 2024 - 31 Dec 2024 | 29 Jan 2025 | 38 | 60% | 29% | 11% | 16% |
| 01 Jan 2024 - 30 Jun 2024 | 29 Jul 2024 | 35 | 67% | 24% | 9% | 28% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 37 | 73% | 19% | 8% | 26% |
| 01 Jan 2021 - 30 Jun 2021 | 27 Jul 2021 | 35 | 67% | 20% | 13% | 16% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 35 | 76% | 14% | 10% | 15% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 39 | 76% | 13% | 11% | 14% |
| 01 Jul 2018 - 31 Dec 2018 | 24 Jan 2019 | 35 | 73% | 16% | 11% | 11% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 36 | 61% | 31% | 8% | 8% |
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
Suppliers are paid within 60 days from receipt of a correctly prepared and adequately supported invoice unless the transaction relates to an industry standard contract. Intercompany invoices meeting the minimum payable balance per company policy are settled on the 25th of the following month. Intercompany invoices not meeting the minimum payable balance per company policy are paid twice a year in March and September.
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
60
Dispute Resolution Process
The company has a 24/7 online portal https://cips.chevron.com for suppliers to submit invoice queries and obtain payment remittance advices. S2P Vendor Inquiry Management team is committed to revert to all CIPS queries within 5 working days. For contracts not operated via the portal, disputes are investigated by the Accounts Payable team who communicate with the vendors via email or phone until resolution is reached.
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.
❌
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
Chevron Products UK Limited is a subsidiary of the multinational energy corporation, Chevron Corporation. The company is involved in the production, marketing and distribution of a wide range of energy and petrochemical products in the United Kingdom.
Their sustainability program focuses on minimizing their environmental impact and promoting responsible business practices. This includes reducing greenhouse gas emissions, conserving water and promoting biodiversity. They also prioritize health and safety for their employees and the communities they operate in.
Chevron Products UK Limited offers a variety of products and services to their customers, including gasoline, diesel, lubricants, and fuels for aviation, marine, and industrial use. They also provide technical support and training to their customers to ensure the safe and efficient use of their products.
The key people at Chevron Products UK Limited include their Managing Director, Mark Garrett, and their Vice President of Operations, Max de Jong. The company has a team of over 1,000 employees dedicated to providing high-quality products and services to their customers.
For more information on Chevron Products UK Limited, their website is www.chevron.co.uk. Their registered office address is 1 Westferry Circus, Canary Wharf, London, E14 4HA.
