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The energy giant's profits jump by nearly a quarter as it benefits from the recent volatility in the oil price
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It reported profits of $6.92bn (£5.1bn) for the first three months of the year, which was higher than analysts had expected and up from $5.58bn in the same period a year earlier.
The price of oil has soared since the start of the US-Israel war with Iran as the key Strait of Hormuz, which usually carries about 20% of the global supplies of oil and liquid natural gas (LNG), has been effectively closed.
Last week, rival oil giant BP said its profits for the first three months of the year had more than doubled.
Other oil firms have also reported bumper results. On Wednesday, Norway's Equinor said profits in the first three months of the year had hit $9.77bn, its highest quarterly profit for three years.
Shell chief executive Wael Sawan said: "Shell delivered strong results enabled by our relentless focus on operational performance in a quarter marked by unprecedented disruption in global energy markets.
"The safety of our people remains our priority as we work closely with governments and customers to address their energy needs."
Like BP, one of the factors behind Shell's profits rise was better results from its oil trading business.
Before the conflict began, the price of Brent crude, the global benchmark for oil prices, was around $73 a barrel.
Since then, oil has seen sharp swings - peaking above $120 at one point, but also falling below $100 on other occasions as speculation has swirled over when the Strait of Hormuz will reopen. Brent currently stands at about $101 a barrel.
The big movements in the oil price that have been seen since the Iran war began can widen the gap between buying and selling prices. This typically enables traders to make bigger profits.
Shell's profits were also boosted by higher margins at its refining business, which turns crude oil into finished products such as petrol and jet fuel.
However, the company said its oil and gas output had fallen by 4% compared with the
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