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Saudi Aramco reports 2018 net income of $111.1 billion

FILE PHOTO: 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/File Photo

DUBAI (Reuters) - 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.

(graphic: tmsnrt.rs/2R6wQPQ)

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

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