| 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 2025 - 30 Jun 2025 | 30 Jul 2025 | 57 | 18% | 37% | 45% | 19% |
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | 42 | 39% | 42% | 19% | 56% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 50 | 28% | 40% | 32% | 63% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 52 | 36% | 44% | 21% | 64% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 57 | 14% | 67% | 19% | 72% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
SLB`s standard default payment terms for all suppliers is 90 days from the Receipt of the Supplier`s invoice. Payment is released to supplier as per invoice Due Date provided that all invoice approval conditions are met. These terms are explicitly stated and defined in the contract templates and Terms and Conditions used with suppliers.
Were there any changes to the standard payment terms in the reporting period?
The standard payment terms were increased from 70 to 90 days
Any other information about payment terms
SLB acknowledges and accepts that there are Suppliers (small locally based companies) where the default payment terms would cause considerable financial distress to their continued operation and business survival. Therefore, the payment terms agreed for these suppliers would be in the region of 30 /45 days with the decision formalized through internal review and exemption process.
Maximum contractual payment period agreed
180
Dedicated Accounts Payable service team plays a vital role in managing suppliers and internal escalations through ticketing system, ensuring the timely and high-quality resolution of issues.
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
Schlumberger Oilfield UK Limited is a UK registered company with a head office activities classification, based in Crawley. It forms part of SLB, the global technology group described on its own site as "a global technology company, driving energy innovation for a balanced planet". The wider group develops technology for oil and gas operations, decarbonisation, digital and AI platforms, geothermal energy and carbon capture and storage, and states it works in more than 100 countries. This UK entity operates as part of that international group's structure rather than as an independent trading business in its own right, reflecting its role within SLB's head office and administrative functions rather than direct field operations.
Generated from the company's website and Companies House records. Sources: slb.com · slb.com