It's picked up nods for Best Picture, Best Director for Jane Campion, Best Actor for Benedict Cumberbatch, Best Supporting Actor for both Jesse Plemons and Kodi Smit-McPhee, and Best Supporting Actress for Kirsten Dunst.
Other films nominated for Best Picture include Dune (which has a total of ten nominations), Belfast, and West Side Story. Nightmare Alley and Drive My Car were unexpected nominees in that category.
There were also plenty of surprising snubs - director Denis Villenueve missed out on Best Director for Dune, while frontrunners Lady Gaga and Jared Leto both didn't receive acting nominations for House Of Gucci.
The nominees from the major categories are below.
Best Picture
Best Director
Paul Thomas Anderson, Licorice Pizza
Kenneth Branagh, Belfast
Jane Campion, Power Of The Dog
Ryusuke Hamaguchi, Drive My Car
Steven Spielberg, West Side Story
Best Actor
Javier Bardem, Being The Ricardos
Benedict Cumberbatch, The Power Of The Dog
Andrew Garfield, Tick, Tick... Boom!
Will Smith, King Richard
Denzel Washington, The Tragedy Of Macbeth
Best Actress
Jessica Chastain, The Eyes Of Tammy Faye
Olivia Colman, The Lost Daughter
Penelope Cruz, Parallel Mothers
Nicole Kidman, Being The Ricardos
Kristen Stewart, Spencer
Best Supporting Actor
Ciaran Hinds, Belfast
Troy Kotsur, CODA
Jesse Plemons, The Power Of The Dog
J.K. Simmons, Being The Ricardos
Kodi Smit-McPhee, The Power Of The Dog
Best Supporting Actress
Jessie Buckley, The Lost Daughter
Ariana DeBose, West Side Story
Judi Dench, Belfast
Kirsten Dunst, The Power Of The Dog
Aunjanue Ellis, King Richard
Best Original Screenplay
Best Adapted Screenplay
Best Animated Feature
Best International Film
Browse our collection of the year's award nominated films here.
The Oscars will take place on Sunday 27th March.
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