Note: Includes upstream maintenance expenditures. “E” means Estimated. CAPEX for 2017 is estimated at MXN 204.6 billion. 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, MXN 15.8485/USD for 2015, MXN 15.90/USD for 2016, and an exchange rate of MXN 18.20/USD is used for 2017.