AMSTERDAM ( TheStreet) -- Royal Dutch Shell ( RDS.A) reported third-quarter profit doubled on higher oil prices. Europe's largest oil company earned $6.98 billion in the quarter, up from $3.46 billion a year earlier. Current cost of supply earnings were $7.25 billion, up from $3.57 billion. Revenue in the quarter jumped 33% to $127 billion. Analysts were expecting Shell to post profit of about $6.55 billion. The latest quarter included gains of $245 million, while a year earlier Shell booked charges of $1.4 billion from asset impairments. Production in the quarter fell 1.6% to 3.01 million barrels of oil per day, but Shell said that would have risen 2% on a comparable basis. Shell said it would continue with the sale of non-core assets. -- Written by Joseph Woelfel >To contact the writer of this article, click here: Joseph Woelfel >To submit a news tip, send an email to: email@example.com.