2220 GMT - Woodside Energy's maiden production guidance for 2026 disappoints UBS. Woodside forecast output of between 172 million and 186 million BOE this year, down from the 198.8 million BOE achieved in 2025. Analyst Tom Allen says it missed consensus hopes by 4% at the midpoint of the range. The guidance points to weaker oil output than the market expected, with liquefied natural gas production in line. "We believe the key driver of an implied 13% cut to consensus 2026 oil production forecasts (to meet midpoint of guidance) is a faster decline rate at Sangomar followed by natural field decline in Australian oil assets," UBS says. Its price target falls 1.7% to A$23.10/Share. Woodside ended Wednesday at A$24.98. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
January 28, 2026 17:20 ET (22:20 GMT)
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