Posted on Sun Feb 26, 2012 05:40 PM PDT
The always stunning Penelope Cruz looked drop-dead gorgeous in a custom silver Giorgio Armani organza gown, paired with Chopard jewelry, at the Academy Awards Sunday evening.
Cruz was the first Spanish actress in history to receive an Academy Award, and she's serving as one of tonight's presenters.
What do you think of Penelope's red carpet look?
Cruz's hubby, Javier Bardem, also took home a Best Supporting Actor for No Country For Old Men.
SEE THE GALLERY Oscars 2012 Red Carpet
Penelope Cruz: Golden Goddess In Versace - Apr 10, 2012
X17 EXCLUSIVE - Penelope Cruz And Javier Bardem's Baby Boy Bonds With Uncle Eduardo And Eva Longoria - Jul 26, 2011
Penelope Cruz Looks Simply Irresistible - Jul 13, 2011
Penelope Cruz Tears Up While Talking About Her Son For The First Time - May 16, 2011
Penelope Cruz Gets Her Star On The Walk Of Fame ... And Some Support From Co-Star Johnny Depp! - Apr 01, 2011