Note: Includes upstream maintenance expenditures. “E” means Estimated. CAPEX for 2016 is estimated @ MXN$378.22 billion. Figures for 2016 include the budget adjustments announced as of the date if this report. PEMEX´s investment records are in pesos. Figures have been converted at the following average historical exchange rates: MXN 12.6349/USD for 2010, MXN 12.4291/USD for 2011, MXN 13.1649/USD for 2012, MXN 12.7677/USD for 2013, MXN 13.2973/USD for 2014 and MXN 15.8485/USD for 2015. For 2016 an exchange rate of $15.90 MXN/USD is used.