Academy Awards
- Best Director (Ang Lee)
- Best Adapted Screenplay (Larry McMurtry and Diana Ossana)>
- Best Score (Gustavo Santaolalla)
Directors Guild of America Award
Winner for Outstanding Achievement in Feature Film (Ang Lee)
Writers Guild of America Award
Winner for Best Adapted Screenplay (Larry McMurtry & Diana Ossana)
2005 Venice International Film Festival
Winner of the Golden Lion Award for Best Picture
Producers Guild of America
Winner of the Darryl F. Zanuck Producer of the Year Award – Theatrical Motion Pictures (Diana Ossana and James Schamus)
Golden Globe Awards
- Best Picture [Drama]
- Best Director (Ang Lee)
- Best Screenplay (Larry McMurtry & Diana Ossana)
- Best Original Song ("A Love That Will Never Grow Old," written by Gustavo Santaolalla and Bernie Taupin and performed by Emmylou Harris)
BAFTA Awards
- Best Film
- Best Director (Ang Lee)
- Best Adapted Screenplay (Larry McMurtry & Diana Ossana)
- Best Supporting Actor (Jake Gyllenhaal)
Dallas-Fort Worth Film Critics Association
- Best Picture
- Best Director (Ang Lee)
- Best Screenplay (Larry McMurtry & Diana Ossana)
- Best Cinematography (Rodrigo Prieto)
Florida Film Critics Circle
- Best Picture
- Best Director (Ang Lee)
- Best Screenplay (Larry McMurtry & Diana Ossana)
- Best Cinematography (Rodrigo Prieto)
Las Vegas Film Critics Society
- Best Picture
- Best Director (Ang Lee)
- Best Actor (Heath Ledger)
- Best Score (Gustavo Santaolalla)
Phoenix Film Critics Society
- Best Actor (Heath Ledger)
- Best Supporting Actor (Jake Gyllenhaal)
- Best Supporting Actress (Michelle Williams)
- Best Adapted Screenplay (Larry McMurtry & Diana Ossana)
Central Ohio Film Critics
- Best Lead Performance (Heath Ledger)
- Best Screenplay (Larry McMurtry & Diana Ossana)
- Actor of the Year (Heath Ledger [given in tandem with three of his other films])
New York Film Critics Circle
- Best Picture
- Best Director (Ang Lee)
- Best Actor (Heath Ledger)
San Francisco Film Critics Circle
- Best Picture
- Best Director (Ang Lee)
- Best Actor (Heath Ledger)
St. Louis Gateway Film Critics Association Awards
- Best Picture
- Best Director (Ang Lee)
- Best Actor (Heath Ledger)
Southeastern Film Critics Association
- Best Picture
- Best Director (Ang Lee)
- Best Adapted Screenplay (Larry McMurtry & Diana Ossana)
Critics' Choice Awards
- Best Picture
- Best Director (Ang Lee)
- Best Supporting Actress (Michelle Williams) [in a tie]
Boston Society of Film Critics
- Best Picture
- Best Director (Ang Lee)
Iowa Film Critics Association
- Best Film
- Best Director (Ang Lee)
Los Angeles Film Critics Association
- Best Picture
- Best Director (Ang Lee)
National Board of Review
- Best Director (Ang Lee)
- Best Supporting Actor (Jake Gyllenhaal)
Online Film Critics Society
- Best Adapted Screenplay (Larry McMurtry & Diana Ossana)
- Best Score (Gustavo Santaolalla)
Utah Film Critics Association
- Best Film
- Best Director (Ang Lee)
Vancouver Film Critics Circle Awards
- Best Film
- Best Director (Ang Lee)
- Best Actor (Heath Ledger)
- Best Supporting Actress (Michelle Williams)
London Film Critics Circle Awards
- Film of the Year
- Best Director (Ang Lee)
- Actor of the Year (Heath Ledger)
- Best Screenwriter (Larry McMurtry & Diana Ossana)
Chicago Film Critics Association Awards
- Best Original Score (Gustavo Santaolalla)
- Best Cinematography (Rodrigo Prieto)
- Best Picture
- Best Director (Ang Lee)
- Best Actor (Heath Ledger)
- Best Supporting Actor (Jake Gyllenhaal)
- Best Supporting Actress (Michelle Williams)
- Best Screenplay (Larry McMurtry & Diana Ossana)
Motion Picture Club
- Director of the Year Award to Ang Lee
- [Female] Star of Tomorrow Award to Michelle Williams
Human Rights Campaign Equality Award
Honorees, (Ang Lee; Jake Gyllenhaal)
San Diego Film Critics Society
Winner of the Body of Work award (Jake Gyllenhaal) [given in tandem with two of his other films]
Palm Springs Film Festival
Desert Palm Achievement Award to Jake Gyllenhaal [given in tandem with two of his other films]
Santa Barbara International Film Festival
Breakthrough Performance of the Year Award to Heath Ledger
Hollywood Awards
- Breakthrough Award to Jake Gyllenhaal
- Casting Director of the Year Award to Avy Kaufman [tandemed with two other films]
AFI
Winner of the AFI Award given to AFI Movies of the Year [named one of the year's Ten Best Films by the American Film Institute]
National Board of Review
Named one of the year's Ten Best Films
African-American Film Critics Association
Named one of the year's Ten Best Films (#4 on list)
Central Ohio Film Critics
Named one of the year's Ten Best Films (#2 on list)
New York Film Critics Online
Named one of the year's Nine Best Films
Village Voice Take Seven Film Critics' Poll
- Cited for the year's Best Performance (#1 on list – Heath Ledger)
- Cited among year's Best Films (#11 on list), Best Supporting Performances (#6 on list – Michelle Williams)
- Best Screenplay (#5 on list [in 5-way tie] – Larry McMurtry & Diana Ossana)
Satellite Awards
- Best Picture [Drama]
- Best Director (Ang Lee)
- Best Film Editing (Geraldine Peroni and Dylan Tichenor, A.C.E.)
- Best Original Song ("A Love That Will Never Grow Old," by Gustavo Santaolalla and Bernie Taupin)
Moonrise Kingdom
Seeking A Friend For The End Of The World
ParaNorman
For A Good Time, Call…
Anna Karenina
Hyde Park on Hudson
Worried About The Boy
Loose Cannons
Extraterrestrial
Juan of the Dead
Eternal Sunshine of the Spotless Mind
Brokeback Mountain
Lost in Translation
Pride and Prejudice
The Pianist