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Delta Reaches Deal To Buy ConocoPhillips Refinery In Pennsylvania -CNBC's Kelly

DOW JONES NEWSWIRES Delta Air Lines Inc. (DAL) has reached a deal to buy ConocoPhillips' (COP) refinery in Trainer, Pa., CNBC's Kate Kelly reported Monday. The deal will cost $180 million, although Delta will receive $30 million in subsidies from the Commonwealth of Pennsylvania, Kelly said. Delta looks to produce 52,000 barrels of jet fuel a day with the refinery, which is its maximum capacity, according to Kelly. The airline has also reached swap agreements with BP PLC (BP) and ConocoPhillips, in which Delta would also receive jet fuel from those companies in exchange for other products generated by the refinery, she reported. Website: www.cnbc.com -Dow Jones Newswires; 212-416-2900

Stock News for Conocophillips (COP)
DateTimeHeadline
05/05/201619:51:00Fires Cause Drop in Canadian Oil Output
05/05/201618:20:00Fires Cause Drop in Canadian Oil Output
05/05/201618:14:00Fires Cause Drop in Canadian Oil Output
05/04/201615:34:00Oil Upheaval Takes a Toll on Cutting Edge Projects
05/03/201617:37:54Statement of Changes in Beneficial Ownership (4)
05/03/201617:35:20Statement of Changes in Beneficial Ownership (4)
05/03/201617:32:43Statement of Changes in Beneficial Ownership (4)
05/03/201617:31:27Statement of Changes in Beneficial Ownership (4)
05/03/201611:14:05Quarterly Report (10-q)
04/30/201603:03:00Exxon Swoons, but Investors Cheer -- WSJ
04/29/201619:27:00Investors Optimistic About Oil-Company Stocks After Earnings...
04/28/201615:20:00ConocoPhillips Further Reduces Spending Plans, Swings to Big...
04/28/201608:30:00ConocoPhillips Further Reduces Spending Plans, Swings to Big...
04/28/201608:16:00ConocoPhillips Further Reduces Spending Plans, Swings to Big...
04/28/201608:02:30Current Report Filing (8-k)
04/28/201607:00:00ConocoPhillips Reports First-Quarter 2016 Results; Announces...
04/20/201610:06:00Deserving Math Teachers Receive Top Recognition from ConocoPhillips
04/15/201604:22:00Gas-Exporters Need to Collaborate, Share If Industry is to Grow...
04/14/201603:54:00Cape Gets Multi-Million Pound Contract from ConocoPhillips UK
04/07/201612:00:00ConocoPhillips to Hold First-Quarter Conference Call on Thursday...

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