Colman picked up a supporting actress nomination for The Father, where she stars alongside Sir Anthony Hopkins, who was nominated for best actor. The movie is about a man slipping into dementia.
Kaluuya has already won a Golden Globe and scored Bafta and Screen Actors Guild Award nominations for his supporting role as Black Panther leader Fred Hampton in Judas And The Black Messiah.
Baron Cohen was nominated for his performance in The Trial Of The Chicago 7.
Black Panther actor Chadwick Boseman is considered to be the frontrunner in the best actor category and is tipped to receive a posthumous nod for his performance as an ambitious trumpeter in Ma Rainey’s Black Bottom.
Kirby and Mulligan will compete in the best actress category, for their turns in Pieces Of A Woman and Promising Young Woman respectively. Golden Globe winner Andra Day was nominated for The United States v. Billie Holliday.
They are joined by Frances McDormand for her turn as a van-dwelling nomad travelling through the American West in Nomadland, and Viola Davis for Ma Rainey’s Black Bottom.
The Oscars has significantly expanded its voting body over the past year, inviting more than 800 new members, after it once again faced criticism for the lack of diversity in its nominations for the 2020 ceremony.
There will also be interest in the directing category, where two female filmmakers are in the running for recognition.
In the past 92 ceremonies, only five women directors have made it on to the ballot and in 2020, no female directors were nominated.
There has only ever been one woman to win the prize – Kathryn Bigelow for The Hurt Locker.
Chloe Zhao is considered to be the frontrunner in the category this year, for her work on Nomadland, and would be the first Asian woman to be recognised.
Fennell was nominated for her directorial debut Promising Young Woman, and is the first British woman to compete in the category.
Husband and wife Nick Jonas and Priyanka Chopra Jonas announced this year’s Oscar nominations in a live, two-part presentation on Monday afternoon. The couple were broadcasting from London.
The Academy Awards were delayed by the pandemic and are now scheduled to take place on April 25.