The energy giant announced $6.2 billion (£5.1 billion) in earnings for the July–September period, a significant increase over the prior quarter.
However, profits were lower than $9.4 billion during the same period last year due to a spike in gas and oil prices brought on by Russia’s invasion of Ukraine.
While still lower than during that time, oil prices have recently increased.
This is mostly because oil-producing countries that are part of the Opec+ group have reduced their output in order to support the market.
The Middle East conflict could drive up the price of crude oil to $150 per barrel, from its current price of $85; the World Bank issued a warning about this earlier this week.
According to Shell, its profits for the last three months have increased by 23% over the previous quarter.
It claimed to have profited.