Director Guillermo del Toro's The Shape of Water leads the pack with 13 nominations, but Three Billboards Outside Ebbing, Missouri could walk away with the best picture trophy at the end of the night - if they announce the right victor, that is.
Christopher Nolan's "Dunkirk" was second in the nominations count, with eight, followed by "Three Billboards Outside Ebbing, Missouri", which grabbed seven.
Who will win: There's no doubt about it, this year is tough to predict.
In his acceptance speech, director del Toro dedicated the award to young filmmakers.
Fox Searchlight collected six awards overall, including best actress and supporting actor for dark comedy "Three Billboards Outside Ebbing, Missouri".
Hollywood's best and brightest are gathering to celebrate the films of 2017.
Lupita Nyong'o and Kumail Nanjiani talks about how "dreams are the foundation of America". "I'm going back home with these two babies". Del Toro was the strong favourite in this category having taken a string of major awards this year, including best director at the Golden Globes and Baftas, as well as winning the Directors Guild award, a key bellwether. "And, so, to all the Dreamers out there, we stand with you", Nanjiani said.
Tiger Woods to play Valspar Championship and Arnold Palmer Invitational
Though he made the cut on the number at Torrey Pines, he surmounted a Sunday charge to finish T-23 at the Farmers Insurance Open. The commitment to Valspar, held in Florida, is somewhat surprising given that Woods, 42, has never played in the event before.
U.S. envoy quits as North Korea talks seem more likely
North Korea, however, said in a statement Sunday that it considers "any type of blockade an act of war against us". North Korea's clearly shown intention to denuclearize would be a prerequisite to starting full-fledged talks.
Military headquarters, French Embassy attacked in Burkina Faso's capital
The West African nation has been exposed to Islamist violence emanating from Mali and suffered several attacks in recent years. Embassy also warned Americans to stay out of the city center. "Some of the soldiers ran into a nearby bank to seek shelter".
That film yielded the oldest Oscar victor ever: James Ivory, who at 89 picked up a screenplay award for adapting it from the 2007 novel of the same name.
"The biggest thank you of all to the people of Mexico", said director Lee Unkrich to loud applause.
Several cinema legends won their first Oscar.
88 - If Christopher Plummer wins best supporting actor he would be the oldest victor in an acting category, but he's likely to be beaten by Sam Rockwell for Three Billboards Outside Ebbing Missouri.
Tiffany Haddish and Maya Rudolph stole the show presenting the Oscar for best documentary short subject.
"Darkest Hour" won for best makeup. "Let's get this money, girl". The period romance "Phantom Thread" won for costume design.
In the meantime, "Shape of Water" is likely to enjoy renewed interest at movie box offices, where it has collected US$126.4 million worldwide.