Third-quarter profits at Shell rose by more than $1billion from the second-quarter, broadly falling in line with expectations.
The energy giant reported adjusted earnings of $6.2billion (£5.1b), up from $5billion (£4.1b) in the previous quarter.
Chief executive Wael Sawan said: "Shell delivered another quarter of strong operational and financial performance, capturing opportunities in volatile commodity markets."
While Shell missed forecasts by just $24million (£19.7m), they avoided the fate that befell BP on Tuesday, which missed its forecast underlying replacement cost profit by around $700million (£575m).
The rise in profits is thanks to higher oil prices, higher margins at its refining plants, and more production at its upstream unit, though they remain a far cry from the $9.5billion (£7.8b) made in the same period last year, which were elevated by the immediate effects of Russia's invasion of Ukraine.
Mr Sawan also announced share buybacks of $3.5billion (£2.9b) prior to the fourth-quarter, following $2.7billion (£2.2b) of buybacks in the last three-month period.
"Shell is commencing a $3.5 billion buyback programme for the next three months, bringing the buybacks for the second half of 2023 to $6.5 billion, well in excess of the $5 billion announced at Capital Markets Day in June.
"This takes total announced shareholder distributions for 2023 to $23billion."