Academy awards |
| 2005 year 78th |
| Best motion picture of the year | | Nomination |
| Performance by an actor in a leading role | Heath Ledger | Nomination |
| Best Supporting Actor | Jake Gyllenhaal | Nomination |
| Best Supporting Actress | Michelle Williams | Nomination |
| Achievement in cinematic direction | Ang Lee/李安 | Winner |
| Best Cinematography | Rodrigo Prieto | Nomination |
| Original Dramatic Score | Gustavo Santaolalla | Winner |
| Writing Adapted Screenplay | Larry McMurtry | Winner |
| Writing Adapted Screenplay | Diana Ossana | Winner |
Golden Globe Awards |
| 2005 year 63th |
| Best Motion Picture – Drama | | Winner |
| Best Performance by an Actor in a Motion Picture – Drama | Heath Ledger | Nomination |
| Best Performance by an Actress in a Supporting Role in a Motion Picture | Michelle Williams | Nomination |
| Best Director - Motion Picture | Ang Lee/李安 | Winner |
| Best Screenplay - Motion Picture | Larry McMurtry | Winner |
| Best Screenplay - Motion Picture | Diana Ossana | Winner |
| Best Original Score - Motion Picture | Gustavo Santaolalla | Nomination |
| Best Original SONG - Motion Picture | Gustavo Santaolalla | Winner |