| | 1927-1928 (1st) Wings (Best Production) Paramount Famous Players-Lasky - Lucien Hubbard |
| | 1928-1929 (2nd) The Broadway Melody Metro-Goldwyn-Mayer - Harry Rapf |
| | 1929-1930 (3rd) All Quiet on the Western Front - Universal - Carl Laemmle Jr. |
| | 1930-1931 (4th) Cimarron - RKO Radio - William LeBaron |
| | 1931-1932 (5th) Grand Hotel - Metro-Goldwyn-Mayer - Irving Thalberg |
| | 1932-1933 (6th) Cavalcade - Fox - Winfield Sheehan studio head |
| | 1934 (7th) It Happened One Night - Columbia - Harry Cohn |
| | 1935 (8th) Mutiny on the Bounty - Metro-Goldwyn-Mayer - Irving Thalberg with Albert Lewin |
| | 1936 (9th) The Great Ziegfeld - Metro-Goldwyn-Mayer - Hunt Stromberg |
| | 1937 (10th) The Life of Emile Zola - Warner Bros. - Henry Blanke |
| | 1938 (11th) You Can't Take It with You - Columbia - Frank Capra |
| | 1939 (12th) Gone with the Wind - Selznick, Metro-Goldwyn-Mayer - David O. Selznick |
| | 1940 (13th) Rebecca - Selznick, United Artists - David O. Selznick |
| | 1941 (14th) How Green Was My Valley - 20th Century-Fox - Darryl F. Zanuck |
| | 1942 (15th) Mrs. Miniver - Metro-Goldwyn-Mayer - Sidney Franklin |
| | 1943 (16th) Casablanca - Warner Bros. - Hal B. Wallis |
| | 1944 (17th) Going My Way - Paramount - Leo McCarey |
| | 1945 (18th) The Lost Weekend - Paramount - Charles Brackett |
| | 1946 (19th) The Best Years of Our Lives - Goldwyn, RKO Radio - Samuel Goldwyn |
| | 1947 (20th) Gentleman's Agreement - 20th Century-Fox - Darryl F. Zanuck |
| | 1948 (21st) Hamlet - J. Arthur Rank-Two Cities Films, U-I - Laurence Olivier |
| | 1949 (22nd) All the King's Men - Rossen, Columbia - Robert Rossen |
| | 1950 (23rd) All About Eve - 20th Century-Fox - Darryl F. Zanuck |
| | 1951 (24th) An American in Paris - Metro-Goldwyn-Mayer - Arthur Freed |
| | 1952 (25th) The Greatest Show on Earth - DeMille, Paramount - Cecil B. DeMille |
| | 1953 (26th) From Here to Eternity - Columbia - Buddy Adler |
| | 1954 (27th) On the Waterfront - Horizon-American, Columbia - Sam Spiegel |
| | 1955 (28th) Marty - Hecht-Lancaster, United Artists - Harold Hecht |
| | 1956 (29th) Around the World in Eighty Days - Todd, United Artists - Michael Todd |
| | 1957 (30th) The Bridge on the River Kwai - Horizon, Columbia - Sam Spiegel |
| | 1958 (31st) Gigi - Metro-Goldwyn-Mayer - Arthur Freed |
| | 1959 (32nd) Ben-Hur - Metro-Goldwyn-Mayer - Sam Zimbalist |
| | 1960 (33rd) The Apartment - Mirisch, United Artists - Billy Wilder |
| | 1961 (34th) West Side Story - Mirisch-B&P Enterprises, United Artists - Robert Wise |
| | 1962 (35th) Lawrence of Arabia - Horizon-Spiegel-Lean, Columbia - Sam Spiegel |
| | 1963 (36th) Tom Jones - Woodfall, United Artists-Lopert - Tony Richardson |
| | 1964 (37th) My Fair Lady - Warner Bros. - Jack L. Warner |
| | 1965 (38th) The Sound of Music - Argyle, 20th Century-Fox - Robert Wise |
| | 1966 (39th) A Man for All Seasons - Highland, Columbia - Fred Zinnemann |
| | 1967 (40th) In the Heat of the Night - Mirisch, United Artists - Walter Mirisch |
| | 1968 (41st) Oliver! - Romulus, Columbia - John Woolf |
| | 1969 (42nd) Midnight Cowboy Hellman-Schlesinger, United Artists - Jerome Hellman |
| | 1970 (43rd) Patton - 20th Century-Fox - Frank McCarthy |
| | 1971 (44th) The French Connection - D'Antoni-Schine-Moore, 20th Century-Fox - Philip D'Antoni |
| | 1972 (45th) The Godfather - Ruddy, Paramount - Albert S. Ruddy |
| | 1973 (46th) The Sting - Bill/Phillips-Hill, Zanuck/Brown, Universal - Tony Bill, Michael Phillips, Julia Phillips |
| | 1974 (47th) The Godfather Part II - Coppola Company, Paramount - Francis Ford Coppola, Gray Frederickson, Fred Roos |
| | 1975 (48th) One Flew Over the Cuckoo's Nest - Fantasy Films, United Artists - Saul Zaentz, Michael Douglas |
| | 1976 (49th) Rocky - Chartoff-Winkler, United Artists - Irwin Winkler, Robert Chartoff |
| | 1977 (50th) Annie Hall - Rollins-Joffe, United Artists - Charles H. Joffe |
| | 1978 (51st) The Deer Hunter - EMI Films/Cimino, Universal - Barry Spikings, Michael Deeley, Michael Cimino, John Peverall |
| | 1979 (52nd) Kramer vs. Kramer - Jaffe, Columbia - Stanley R. Jaffe |
| | 1980 (53rd) Ordinary People - Wildwood, Paramount - Ronald L. Schwary |
| | 1981 (54th) Chariots of Fire - Enigma, The Ladd Company/Warner Bros. - David Puttnam |
| | 1982 (55th) Gandhi - Indo-British Films, Columbia - Richard Attenborough |
| | 1983 (56th) Terms of Endearment - Brooks, Paramount - James L. Brooks |
| | 1984 (57th) Amadeus - Barrandov Studios - Zaentz, Orion - Saul Zaentz |
| | 1985 (58th) Out of Africa - Universal - Sydney Pollack |
| | 1986 (59th) Platoon - Hemdale, Orion - Arnold Kopelson |
| | 1987 (60th) The Last Emperor (????) - Hemdale, Columbia - Jeremy Thomas |
| | 1988 (61st) Rain Man - Mirage Entertainment, Star Partners II, United Artists - Mark Johnson |
| | 1989 (62nd) Driving Miss Daisy - Majestic Films International, Zanuck Company., Warner Bros. - Richard D. Zanuck, Lili Fini Zanuck |
| | 1990 (63rd) Dances with Wolves - Tig Productions, Majestic Films International, Orion Pictures Corp. - Michael Flynn, Kevin Costner |
| | 1991 (64th) The Silence of the Lambs - Orion Pictures Corp. - Edward Saxon, Kenneth Utt, Ron Bozman |
| | 1992 (65th) Unforgiven - Malpaso Productions, Warner Bros. - Clint Eastwood |
| | 1993 (66th) Schindler's List - Amblin Entertainment, Universal Pictures - Steven Spielberg, Gerald R. Molen, Branko Lustig |
| | 1994 (67th) Forrest Gump - Paramount Pictures - Wendy Finerman, Steve Tisch, Steve Starkey |
| | 1995 (68th) Braveheart - 20th Century Fox, B. H. Finance C. V., Icon Entertainment International, Paramount Pictures, The Ladd Company - Mel Gibson, Alan Ladd, Jr., Bruce Davey |
| | 1996 (69th) The English Patient - J&M Entertainment, Miramax Films, Tiger Moth Productions - Saul Zaentz |
| | 1997 (70th) Titanic - 20th Century Fox, Lightstorm Entertainment, Paramount Pictures - James Cameron, Jon Landau |
| | 1998 (71st) Shakespeare in Love - Bedford Falls Productions, Miramax Films, Universal Pictures - David Parfitt, Donna Gigliotti, Harvey Weinstein, Edward Zwick, Marc Norman |
| | 1999 (72nd) American Beauty - DreamWorks SKG, Jinks/Cohen Company - Bruce Cohen, Dan Jinks |
| | 2000 (73rd) Gladiator - Universal & DreamWorks -Douglas Wick, David Franzoni, Branko Lustig |
| | 2001 (74th) A Beautiful Mind - Universal & DreamWorks - Brian Grazer, Ron Howard |
| | 2002 (75th) Chicago - Miramax - Martin Richards |
| | 2003 (76th) The Lord of the Rings: The Return of the King - New Line & Warner Bros. - Barrie M. Osborne, Peter Jackson, Fran Walsh |
| | 2004 (77th) Million Dollar Baby - Warner Bros. - Clint Eastwood, Albert S. Ruddy, Paul Haggis, Tom Rosenburg |
| | 2005 (78th) Crash - Lions Gate, DEJ Productions, Bob Yari Productions & ApolloProScreen GmbH & Co. Filmproduktion KG (Canada & Germany) - Paul Haggis, Cathy Schulman |
| | 2006 (79th) The Departed - Warner Bros. - Graham King |
| | 2007 (80th) No Country for Old Men - Joel Coen & Ethan Coen |