feature supporting our suppliers
At Chevron Australia, we know a thriving natural gas industry is dependent on a viable small business sector. During this time of uncertainty, we are determined to continue to do our bit to help.
To see more suppliers eligible for prompt payment, Chevron has expanded offerings of 30-day payment terms to suppliers with turnover less than $25 million – a significant change helping to support local industry at a time when it is most needed.
Chevron relies on thousands of local suppliers to provide goods and services to maintain domestic natural gas to Western Australian households, and we are acutely aware of the financial challenges facing Australian businesses as a result of current social and economic uncertainty.
Chevron Australia Chief Financial Officer Jake Spiering said Chevron Australia is invested in the success of Australian businesses – and they are invested in ours.
“More than 90 percent of Chevron Australia’s current operations spend is with Australian businesses,” said Spiering.
“We are committed to working with our Australian suppliers to maintain a viable small business sector and local supply chain during this period of volatility. We are proud to be a top performer across the industry for on-time payments.”
Chevron Australia is a signatory of the Australia supplier payment code, a voluntary effort to ensure small business suppliers are paid promptly.
An initiative of the Business Council of Australia (BCA), signatories to the code recognise that paying small business suppliers on time is critical to easing stress, keeping healthy cashflows and employing more people.