|12 June, 2019

Saudi Aramco reports 2018 net income of $111.1bln

Aramco said total revenues were at $355.9bln in 2018, up from $264.2bn, als oil prices improved

Image used for illustrative purpose. An Aramco oil tank is seen at the Production facility at Saudi Aramco's Shaybah oilfield in the Empty Quarter, Saudi Arabia May 22, 2018.

Image used for illustrative purpose. An Aramco oil tank is seen at the Production facility at Saudi Aramco's Shaybah oilfield in the Empty Quarter, Saudi Arabia May 22, 2018.

REUTERS/Ahmed Jadallah

DUBAI - Saudi Aramco reported on Wednesday a net income attributable to shareholders of $111.1 billion in 2018, up from $75.9 billion the year before, according to a statement from the company.

Aramco said total revenues were at $355.9 billion in 2018, up from $264.2 billion, as oil prices improved. Total assets jumped to $358.9 billion in the same period, from $294 billion in 2017.

(Reporting By Maher Chmayetlli and Aziz El Yaakoubi; Editing by Jan Harvey) ((aziz.elyaakoubi@thomsonreuters.com; +971552994086; Reuters Messaging: aziz.elyaakoubi.reuters.com@reuters.net))

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