India Markets closed

Saudi Aramco reports 2018 net income of $111.1 billion

An Aramco bus driver is seen at Aramco private airport in Dammam

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.

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)