The document outlines 10 strategic actions that exploration and production companies can take to navigate volatile oil prices. The actions include turning core suppliers into business partners through longer-term agreements, obtaining more favorable terms from non-core suppliers, maximizing capital efficiency through workovers and targeted investments, being prepared to make acquisitions during low prices, and harvesting data to improve production. Overall the strategies aim to maximize production while reducing costs through partnerships, investments, acquisitions, use of data analytics, and organizational restructuring.