It wasn’t until the last few days in the run-up to the Oscars that it became a true frontrunner, but CODA, the US remake of Eric Lartigau's 2014 French hit The Bélier Family [+lee también:
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Regarding its European involvement, it is worth noting that the film, while mostly financed by Vendôme Pictures (the US branch of French company Vendôme Production), Patrick Wachsberger and France's Pathé Films, is not an official French-approved film (since it didn’t meet the requirements to attain this status, including language, European cast and crew, and shooting locations, among other factors).

The other frontrunner, The Power of the Dog [+lee también:
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Another single award went to Kenneth Branagh’s Belfast [+lee también:
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Regarding the Best International Feature Film category, as was widely expected, the Japanese title Drive My Car, directed by Ryusuke Hamaguchi, ended up winning the statuette, closing an unbeatable awards run since its Best Screenplay win at last year’s Cannes Film Festival. The European sensations The Worst Person in the World [+lee también:
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entrevista: Jonas Poher Rasmussen
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However, the most heavily awarded film of the evening was Denis Villeneuve’s Dune [+lee también:
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In the acting categories, despite what the buzz had led us to believe in the last few days, Penélope Cruz didn’t manage to snag her second Oscar for her work in Pedro Almodóvar’s Parallel Mothers [+lee también:
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Lastly, the short-film categories brought a marked European flavour to the evening (even though they were handed out during the pre-taped part of the ceremony). The Long Goodbye, a British-Dutch co-production directed by Aneil Karia (known for the 2020 Sundance entry Surge [+lee también:
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Here is the list of winners:

Best Picture
CODA - Sian Heder (USA/France)

Best Director
Jane Campion - The Power of the Dog [+lee también:
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Best Actress
Jessica Chastain - The Eyes of Tammy Faye

Best Actor
Will Smith - King Richard

Best Supporting Actress
Ariana DeBose - West Side Story

Best Supporting Actor
Troy Kotsur - CODA

Best Adapted Screenplay
Sian Heder - CODA

Best Original Screenplay
Kenneth Branagh - Belfast [+lee también:
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Best International Feature Film
Drive My Car - Ryusuke Hamaguchi (Japan)

Best Documentary Feature
Summer of Soul - Questlove

Best Animated Feature
Encanto - Jared Bush, Byron Howard, Charise Castro Smith

Best Cinematography
Dune [+lee también:
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Best Editing
Dune

Best Production Design
Dune

Best Costume Design
Cruella

Best Makeup and Hairstyling
The Eyes of Tammy Faye

Best Sound
Dune

Best Visual Effects
Dune

Best Original Score
Dune

Best Original Song
“No Time to Die” - No Time to Die [+lee también:
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Best Live Action Short
The Long Goodbye - Aneil Karia (UK/Netherlands)

Best Documentary Short Subject
The Queen of Basketball - Ben Proudfoot

Best Animated Short
The Windshield Wiper - Alberto Mielgo (Spain/USA)