| 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 PLC is a leading global supplier of technology, integrated project management and information solutions to the oil and gas industry. They are committed to sustainable practices and have a strong sustainability program in place.
Their sustainability program focuses on reducing their environmental footprint, promoting health and safety, and supporting local communities. They have implemented various initiatives such as reducing greenhouse gas emissions, minimizing waste generation, and promoting renewable energy sources.
The company offers a wide range of products and services, including drilling services, well completion and stimulation, and production and reservoir engineering. They also provide digital solutions and software to improve operational efficiency and reduce environmental impact.
SCHLUMBERGER OILFIELD UK PLC has a team of experienced and knowledgeable professionals who are dedicated to providing innovative solutions to their clients. Some key people in the company include Olivier Le Peuch (CEO), Mark Richard (CFO), and Khaled Al Mogharbel (President, Europe & Africa).
Their website address is www.slb.com and their registered office address is at Schlumberger House, Buckingham Gate, Gatwick, West Sussex, RH6 0NZ, United Kingdom. With their strong commitment to sustainability and innovative products and services, SCHLUMBERGER OILFIELD UK PLC continues to be a leader in the oil and gas industry.