The data for EXXONMOBIL FINANCE COMPANY LIMITED shows a consistent average time to pay of 45 days for the first period of 2018. There is no data available for the subsequent periods, so it is difficult to determine any trends or changes over time.
The data for EXXONMOBIL FINANCE COMPANY LIMITED shows a low volatility in terms of average time to pay, with no significant changes or fluctuations over the available period of 2018. However, without data for subsequent periods, it is difficult to determine any long-term volatility.
In the first period of 2018, EXXONMOBIL FINANCE COMPANY LIMITED had an average time to pay of 45 days, with 100% of invoices paid within 60 days and 0% of invoices paid later than 60 days. This indicates a prompt payment process for suppliers during this period.
| 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 2023 - 31 Dec 2023 | 30 Jan 2024 | |||||
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | |||||
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | |||||
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | |||||
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | |||||
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | |||||
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | |||||
| 01 Jan 2020 - 30 Jun 2020 | 28 Jul 2020 | |||||
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | |||||
| 01 Jan 2019 - 30 Jun 2019 | 24 Jul 2019 | |||||
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | |||||
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 45 | 0% | 100% | 0% | 0% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
35 days from receipt of invoice
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
90
Our purchase orders contain contact details for the relevant helpdesk or department to which payment queries should be directed. All queries are managed in accordance with our internal processes and dealt with as quickly as possible.
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
ExxonMobil Finance Company Limited is a UK-registered company that is part of the wider ExxonMobil group, which has a long-standing presence in the UK including refining and petrochemical manufacturing at Fawley, ethylene production in Fife, a pipeline network and offshore production interests. Companies House records this entity's nature of business as other business support service activities, consistent with an internal finance or administrative function within the group rather than an operating business in its own right. The available evidence describes the wider ExxonMobil group's UK operations rather than the specific activities carried out by this registered company.
Generated from the company's website and Companies House records. Sources: exxonmobil.co.uk