In a saucepan over low heat, melt the coconut oil & shea butter - stirring often. Once melted remove from the heat. Stir in the essential oil.
Refrigerate (or freeze if you're in a hurry) until the oil has turned back into a solid. Add in the aloe vera gel & beat with an electric mixer until the mixture is smooth & creamy.
Scoop into a container with a tight fitting lid & store somewhere cool.