The Shape of Water leads the pack but Three Billboards has momentum after sweeping the Globes and other awards.
Nine films were nominated for best picture, with Call Me By Your Name, Lady Bird, Darkest Hour, Get Out, Phantom Thread and The Post completing the list.
The Post: a newspaper publisher played by Meryl Streep – who bagged her 21st Oscar nomination – defending press freedom against an abusive president.
The Shape of Water, a romantic fable about a janitor who falls in love with a sea creature, has won 13 Oscar nominations, leading a field of films with an unexpectedly strong British showing.