| Award | Category | Recipients | Result |
|---|
| Academy Awards [1] | Best Picture | David Franzoni, Branko Lustig and Douglas Wick | Won |
| Best Director | Ridley Scott | Nominated |
| Best Actor | Russell Crowe | Won |
| Best Supporting Actor | Joaquin Phoenix | Nominated |
| Best Original Screenplay | David Franzoni, John Logan and William Nicholson | Nominated |
| Best Art Direction | Art Direction: Arthur Max; Set Decoration: Crispian Sallis | Nominated |
| Best Cinematography | John Mathieson | Nominated |
| Best Costume Design | Janty Yates | Won |
| Best Film Editing | Pietro Scalia | Nominated |
| Best Original Score | Hans Zimmer | Nominated |
| Best Sound | Bob Beemer, Scott Millan and Ken Weston | Won |
| Best Visual Effects | Tim Burke, Neil Corbould, Rob Harvey and John Nelson | Won |
| American Cinema Editors Eddie Awards [2] | Best Edited Feature Film — Dramatic | Pietro Scalia | Won |
| Art Directors Guild Awards [3] | Excellence in Production Design Award — Period Feature Film | Arthur Max | Won |
| BAFTA Awards [4] | Best Film | David Franzoni, Branko Lustig and Douglas Wick | Won |
| Best Direction | Ridley Scott | Nominated |
| Best Original Screenplay | David Franzoni, John Logan, and William Nicholson | Nominated |
| Best Actor in a Leading Role | Russell Crowe | Nominated |
| Best Actor in a Supporting Role | Joaquin Phoenix | Nominated |
| Oliver Reed (posthumous) | Nominated |
| Best Cinematography | John Mathieson | Won |
| Best Production Design | Arthur Max | Won |
| Best Costume Design | Janty Yates | Nominated |
| Best Film Music | Lisa Gerrard and Hans Zimmer | Nominated |
| Best Makeup & Hair | Paul Engelen and Graham Johnston | Nominated |
| Best Editing | Pietro Scalia | Won |
| Best Sound | Bob Beemer, Per Hallberg, Scott Millan, and Ken Weston | Nominated |
| Best Special Visual Effects | Tim Burke, Neil Corbould, Rob Harvey, and John Nelson | Nominated |
|
| Critics' Choice Awards [5] | Best Picture | | Won |
| Best Director | Ridley Scott | Nominated |
| Best Actor | Russell Crowe | Won |
| Best Supporting Actor | Joaquin Phoenix | Won |
| Best Cinematography | John Mathieson | Won |
| Best Production Design | Arthur Max | Won |
| Best Score | Hans Zimmer | Won |
|
| Directors Guild of America Awards [6] | Outstanding Directing – Feature Film | Ridley Scott | Nominated |
|
| Golden Globe Awards [7] | Best Motion Picture – Drama | | Won |
| Best Director | Ridley Scott | Nominated |
| Best Actor – Motion Picture Drama | Russell Crowe | Nominated |
| Best Supporting Actor – Motion Picture | Joaquin Phoenix | Nominated |
| Best Original Score | Lisa Gerrard and Hans Zimmer | Won |
| London Film Critics Circle | Actor of the Year | Russell Crowe | Won |
| National Board of Review Awards [8] | Top 10 Films | | 7th Place |
| Best Supporting Actor | Joaquin Phoenix (also for Quills and The Yards ) | Won |
| Producers Guild of America Awards [9] | Best Theatrical Motion Picture | Branko Lustig and Douglas Wick | Won |
| Saturn Awards | Best Action/Adventure/Thriller Film | | Nominated |
| Best Director | Ridley Scott | Nominated |
| Best Writing | David Franzoni, John Logan, William Nicholson | Nominated |
| Best Actor | Russell Crowe | Nominated |
| Best Costume | Janty Yates | Nominated |
| Best Music | Lisa Gerrard and Hans Zimmer | Nominated |
| Screen Actors Guild Awards [10] | Outstanding Performance by a Cast in a Motion Picture | Russell Crowe, Richard Harris, Djimon Hounsou, Derek Jacobi, Connie Nielsen, Joaquin Phoenix, and Oliver Reed | Nominated |
| Outstanding Performance by a Male Actor in a Leading Role | Russell Crowe | Nominated |
| Outstanding Performance by a Male Actor in a Supporting Role | Joaquin Phoenix | Nominated |