| Academy Award Nominations and Winners: |
| Best Picture |
| Best Director: Gus Van Sant |
| ★ | Best Actor: Sean Penn |
| Best Supporting Actor: Josh Brolin |
| ★ | Best Original Screenplay: Dustin Lance Black |
| Best Costume Design: Danny Glicker |
| Best Film Editing: Elliot Graham |
| Best Original Score: Danny Elfman |
|
| Golden Globe Nominations: |
| Best Actor (Drama): Sean Penn |
|
| Other Awards: |
| Screen Actors Guild Awards: Best Actor (Penn) |
| Writers Guild of America: Best Original Screenplay |
| New York Film Critics Circle: Best Picture; Best Actor (Penn); Best Supporting Actor (Brolin) |
| Los Angeles Film Critics Circle: Best Actor (Penn) |
| Boston Society of Film Critics: Best Director (Van Sant; also cited for Paranoid Park); Best Actor (Penn; tie); Best Screenplay |
| National Society of Film Critics: Best Actor (Penn) |
| National Board of Review: Best Supporting Actor (Brolin) |
