CHEVRON ENERGY LIMITED
Company Information
- Company Number
- 05300877
- Registered Address
- 1 Westferry Circus, Canary Wharf, London, E14 4HA
- Status
- Active
- Employee Count
- 344
- Turnover
- £0
- EBITDA
- -£93,294,000
Additional Details
- Website
- https://chevron.com
- Company Type
- Private limited Company
- Incorporated On
- 30 November 2004
- Nature of Business
- 82990 - Other business support service activities not elsewhere classified
- Industries
- Coming Soon
- 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 | 16 | 100% | 0% | 0% | 0% |
| 01 Jan 2024 - 30 Jun 2024 | 29 Jul 2024 | 26 | 100% | 0% | 0% | 0% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 14 | 100% | 0% | 0% | 0% |
| 01 Jan 2021 - 30 Jun 2021 | 27 Jul 2021 | 35 | 50% | 50% | 0% | 0% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 38 | 42% | 48% | 10% | 0% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 30 | 67% | 33% | 0% | 0% |
| 01 Jul 2018 - 31 Dec 2018 | 24 Jan 2019 | 25 | 94% | 6% | 0% | 0% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 26 | 95% | 5% | 0% | 0% |
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 an online portal https://cips.chevron.com for suppliers to submit invoice queries and obtain payment remittance advices. The Supplier Relations team will verify reasons for non-payment and escalate to the Accounts Payable team if not able to resolve the query through this means. Alternatively, 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.
❌
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 Energy Limited is a British multinational energy company that operates in the oil and gas industry. The company is committed to sustainable practices and has implemented various programs to reduce its environmental impact.
As a major player in the energy sector, Chevron Energy Limited is involved in a wide range of activities. These include exploration, production, and transportation of oil and natural gas, as well as refining and marketing of petroleum products. The company also invests in renewable energy sources, such as wind and solar power.
In terms of sustainability, Chevron Energy Limited has set ambitious goals to reduce its carbon footprint and promote energy efficiency. The company has also implemented initiatives to minimize waste, protect biodiversity, and promote the use of renewable energy sources.
Some of the key products and services offered by Chevron Energy Limited include petrol, diesel, aviation fuel, lubricants, and renewable energy solutions. The company also provides services related to oil and gas exploration and production, as well as downstream operations like refining and marketing.
The key people at Chevron Energy Limited include the CEO, Michael K. Wirth, and the Chairman of the Board, John G. Stumpf. The company has a team of highly skilled professionals working towards achieving its goals of sustainability and growth.
To contact Chevron Energy Limited, individuals can visit their website at www.chevron.co.uk or reach out to their registered office at 1 Westferry Circus, Canary Wharf, London, E14 4HA, United Kingdom. The website provides information on the company's operations, sustainability initiatives, and career opportunities.
