Watch the Oscar nominations live from the US.
The Oscar nominations will be announced at 1.30pm. They will be revealed by Atlanta star Zazie Beetz and The Boys actor Jack Quaid.
Cillian Murphy is among the stars tipped to land an Oscar nomination today.
Murphy has been widely acclaimed for his performance as J Robert Oppenheimer, the theoretical physicist described as the father of the atomic bomb, in Christopher Nolan’s epic biopic Oppenheimer.
He has already been nominated for a BAFTA and an SAG award for the performance, has won a Golden Globe and is considered to be a frontrunner to take home the Best Actor Academy Award.
Murphy is likely to face competition from Paul Giamatti, who has also won plaudits for his performance as a cranky prep school teacher forced to remain on campus over the holidays with a troubled student in drama The Holdovers.
Other likely contenders include Bradley Cooper for his Leonard Bernstein biopic Maestro, which he also directed, and Jeffrey Wright for his turn as a frustrated novelist who pens a book that propels himself into the centre of the hypocrisy he disdains, in American Fiction.
Maestro co-star Carey Mulligan is expected to be nominated in the Best Actress category for her performance as Bernstein’s wife Felicia Montealegre.
She is likely to face stiff competition from Emma Stone for steampunk fairytale Poor Things, and Lily Gladstone for Martin Scorsese’s western crime thriller Killers Of The Flower Moon.
Other possible nominees include Margot Robbie for Barbie, Greta Lee for Past Lives and Sandra Huller for Anatomy Of A Fall.
The Oscars will be hosted by Jimmy Kimmel on March 10.