0053 GMT - Woodside Energy's new business review is likely to focus on its Australian operations, UBS says. Woodside is on the hunt for efficiency benefits that can improve how it deploys capital. Analyst Tom Allen notes Woodside's International division currently accounts for one-third of annual production. The remainder comes from Australia. "However, by the early 2030s this ratio flips, requiring Woodside's focus and capability to grow in the International division," UBS says. So, most efficiency measures are likely to come from its Australian operations. "Despite not yet factoring in savings, we highlight potential for modest EPS upside from these measures from 2H26," UBS says. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

April 29, 2026 20:53 ET (00:53 GMT)

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