New Exxon CEO says company will boost production

NEW YORK (AP) — Exxon's new CEO says the company will increase production and has a mix of projects to handle any level of oil and gas prices.

Darren Woods also said Tuesday at a meeting with investors that Exxon Mobil Corp. is committed to increase its dividend and will buy back shares when the company has extra cash.

By the end of 2018, Exxon expects to start production from five major projects in Russia, Canada, the United Arab Emirates, Qatar and Angola.