Academy Awards
| Year | Award | Category | Cast & Crew | Result |
|---|---|---|---|---|
| 1996 | Academy of Motion Picture Arts and Sciences | Best Editing | Roderick Jaynes | Nominated |
| 1996 | Academy of Motion Picture Arts and Sciences | Best Original Screenplay | Joel Coen | Won |
| 1996 | Academy of Motion Picture Arts and Sciences | Best Actress | Frances McDormand | Won |
| 1996 | Academy of Motion Picture Arts and Sciences | Best Cinematography | Roger Deakins | Nominated |
| 1996 | Academy of Motion Picture Arts and Sciences | Best Supporting Actor | William H. Macy | Nominated |
| 1996 | Academy of Motion Picture Arts and Sciences | Best Original Screenplay | Ethan Coen | Won |
| 1996 | Academy of Motion Picture Arts and Sciences | Best Picture | Ethan Coen | Nominated |
| 1996 | Academy of Motion Picture Arts and Sciences | Best Director | Joel Coen | Nominated |
American Film Institute
| Year | Award | Category | Cast & Crew | Result |
|---|---|---|---|---|
| 1998 | American Film Institute | 100 Greatest American Movies | Won |
American Society of Cinematographers
| Year | Award | Category | Cast & Crew | Result |
|---|---|---|---|---|
| 1996 | American Society of Cinematographers | Best Cinematography | Roger Deakins | Nominated |
Broadcast Film Critics Association
| Year | Award | Category | Cast & Crew | Result |
|---|---|---|---|---|
| 1996 | Broadcast Film Critics Association | Best Actress | Frances McDormand | Won |
| 1996 | Broadcast Film Critics Association | Best Picture | Won |
Cannes Film Festival
| Year | Award | Category | Cast & Crew | Result |
|---|---|---|---|---|
| 1996 | Cannes Film Festival | Best Director | Joel Coen | Won |
Chicago Film Critics Association
| Year | Award | Category | Cast & Crew | Result |
|---|---|---|---|---|
| 1996 | Chicago Film Critics Association | Best Screenplay | Joel Coen | Won |
| 1996 | Chicago Film Critics Association | Best Screenplay | Ethan Coen | Won |
| 1996 | Chicago Film Critics Association | Best Director | Joel Coen | Won |
| 1996 | Chicago Film Critics Association | Best Actress | Frances McDormand | Won |
| 1996 | Chicago Film Critics Association | Best Picture | Won | |
| 1996 | Chicago Film Critics Association | Best Original Score | Carter Burwell | Won |
Directors Guild of America
| Year | Award | Category | Cast & Crew | Result |
|---|---|---|---|---|
| 1996 | Directors Guild of America | Best Director | Joel Coen | Nominated |
Independent Spirit Awards
| Year | Award | Category | Cast & Crew | Result |
|---|---|---|---|---|
| 1996 | Independent Spirit Awards | Best Cinematography | Roger Deakins | Won |
| 1996 | Independent Spirit Awards | Best Actress | Frances McDormand | Won |
| 1996 | Independent Spirit Awards | Best Director | Joel Coen | Won |
| 1996 | Independent Spirit Awards | Best Picture | Won | |
| 1996 | Independent Spirit Awards | Best Actor | William H. Macy | Won |
| 1996 | Independent Spirit Awards | Best Screenplay | Joel Coen | Won |
| 1996 | Independent Spirit Awards | Best Screenplay | Ethan Coen | Won |
Los Angeles Film Critics Association
| Year | Award | Category | Cast & Crew | Result |
|---|---|---|---|---|
| 1996 | Los Angeles Film Critics Association | Best Screenplay | Ethan Coen | Won |
| 1996 | Los Angeles Film Critics Association | Best Screenplay | Joel Coen | Won |
National Board of Review
| Year | Award | Category | Cast & Crew | Result |
|---|---|---|---|---|
| 1996 | National Board of Review | Best Actress | Frances McDormand | Won |
| 1996 | National Board of Review | Best Picture | Nominated | |
| 1996 | National Board of Review | Best Director | Joel Coen | Won |
New York Film Critics Circle
| Year | Award | Category | Cast & Crew | Result |
|---|---|---|---|---|
| 1996 | New York Film Critics Circle | Best Picture | Won |
Screen Actors Guild Awards
| Year | Award | Category | Cast & Crew | Result |
|---|---|---|---|---|
| 1996 | Screen Actors Guild | Best Actress | Frances McDormand | Won |
| 1996 | Screen Actors Guild | Best Supporting Actor | William H. Macy | Nominated |

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