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Recommendations to Improve Financial Stability - BP should persist in its cost management efforts to ensure sustained profitability - Identifying areas for cost reduction or efficiency gains, such as supply chain optimization and operational streamlining will be essential - BP should continue to fortify its risk mitigation strategies - This entails diversifying revenue streams, reducing dependence on volatile markets, and implementing hedging strategies to manage commodity price risk - BP should prioritize sustainable growth by investing in renewable energy sources and technologies - This aligns with the global shift toward sustainability and can secure the company's position in an evolving energy landscape - Careful consideration of debt financing and refinancing options can help stabilize interest costs and reduce financial risk - Regularly reviewing its capital structure to maintain an optimal balance between debt - Adjustments in the equity position will ensure long-term financial sustainability