Royal Dutch Shell posted a net income increase of over 40 percent in the fourth quarter of 2018, from the same period of 2017, according to the firm's financial statement released on Thursday.
The company saw a net income of $5.59 billion in the October-December period of last year -- a 46.7 percent jump from the same period a year ago.
In the final quarter of 2017, the firm recorded a net income of $3.81 billion, according to the statement.
For the full year of 2018, Royal Dutch Shell had a net income of $23.35 billion, an 80 percent increase from $12.98 billion for the full year of 2017.
"Shell delivered a very strong financial performance in 2018," Royal Dutch Shell Chief Executive Officer Ben van Beurden said in a statement.
"We will continue with a strong delivery focus in 2019, with a disciplined approach to capital investment and growing both our cash flow and returns," he added.
The company's capital expenditure was $7.15 billion in the fourth quarter of last year -- a 22 percent jump from $5.86 billion for the same quarter a year before.
Capital expenditure for the full year of 2018 was $23.01 billion, equal to a 10.4 percent increase from the $20.84 billion of 2017 full year.
Revenue also saw an increase on an annual basis.
In 2018, Shell had total revenue of $388.4 billion. This represents a 27.3 percent jump from $305.2 billion in 2017.
For the fourth quarter of last year, the company saw revenue of $104.6 billion -- an 18.7 percent increase from $88.1 billion in the last quarter of the previous year.
By Ovunc Kutlu