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The state's attorney general argued that the oil giant misled shareholders about the financial risks from climate change.
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New York's attorney general argues that Exxon used shady methods of calculating carbon costs, affecting its share price and defrauding shareholders. Exxon says the lawsuit is politically motivated.
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President-elect Donald Trump's nominee to become U.S. secretary of state is in line to receive a $180 million retirement package.
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The secretary of state nominee has headed a global oil giant that has sometimes taken positions on Russia and other countries that were at odds with the U.S. government.
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New Yorker reporter Steve Coll discusses the background of ExxonMobil CEO Rex Tillerson. News reports say Donald Trump is likely to pick Tillerson for secretary of state.
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Rex Tillerson, a 64-year-old oil executive, has no government experience. His longtime ties to Russia, including President Vladimir Putin, are already drawing scrutiny from critics.