Penelope Cruz stuns alongside the stunning Eva Longoria Angela Bassett

Penelope Cruz stuns alongside the stunning Eva Longoria, Angela Bassett and Julianne Moore as they lead the glamor at the 14th Governors Awards in LA

Penelope Cruz was joined by a host of dazzling stars, including Eva Longoria, Angela Bassett and Julianne Moore, who led the glamor at the Academy of Motion Picture Arts and Sciences' 14th Annual Governors Awards.

The 49-year-old Ferrari star was Hollywood's leading lady at the event, held at the Ray Dolby Ballroom in Los Angeles on Tuesday, wearing a spectacular white tiered dress with an embroidered bodice.

Longoria, 48, dazzled in a gold halter dress that showed off her toned arms and accentuated her enviable body.

Bassett, 65, wowed in a semi-sheer gold dress with a mermaid silhouette. Meanwhile, Moore, 63, made a shimmering appearance in a long-sleeved metallic silver dress.

Bassett will receive an honorary Oscar at the bash for her influence on the industry. The Governors Awards are an annual event celebrating awards presented by the Academy's Board of Governors.

The 49-year-old Ferrari star was Hollywood's leading lady at the event, held at the Ray Dolby Ballroom in Los Angeles on Tuesday, wearing a spectacular white tiered dress with an embroidered bodice

The 49-year-old Ferrari star was Hollywood's leading lady at the event, held at the Ray Dolby Ballroom in Los Angeles on Tuesday, wearing a spectacular white tiered dress with an embroidered bodice

Penelope also accessorized her dress with dangling silver earrings and a matching ring.

The beauty wore her brunette tresses in the middle, cascading down her back, and accentuated her face with picture-perfect glamour.

Meanwhile, Eva let her stunning dress do the talking and added a touch of bling with her diamond stud earrings.

The Desperate Housewives beauty swept her dark locks back and wore them braided into two chic braids. The 5'10″ star added height to her outfit with sky-high silver stilettos.

Bassett turned heads in her nude tulle dress, which was cinched at the waist with a jeweled silver belt.

The Black Panther star was accompanied by her family on the red carpet.

Her husband, Courtney B. Vance, looked handsome in a black velvet tuxedo with a satin bow tie and hat.

The couple's twins, Bronwyn Golden and Slater Josiah, 17, matched their dad in black looks.

Penelope also accessorized her dress with dangling silver earrings and a matching ring

Penelope also accessorized her dress with dangling silver earrings and a matching ring

The beauty wore her brunette tresses down the middle and cascading down her back She emphasized her face with beautiful glamour

The beauty wore her brunette tresses in the middle, cascading down her back, and accentuated her face with picture-perfect glamour

Longoria, 48, dazzled in a gold halter dress that showed off her toned arms and accentuated her enviable body

Longoria, 48, dazzled in a gold halter dress that showed off her toned arms and accentuated her enviable body

She let her stunning dress do the talking and added a touch of bling with her diamond stud earrings She showed off the semi-backless dress

She let her stunning dress do the talking and added a touch of bling with her diamond stud earrings

The Desperate Housewives beauty swept her dark locks back and wore them braided into two chic braids

The Desperate Housewives beauty swept her dark locks back and wore them braided into two chic braids

Bassett, 65, wowed in a semi-sheer gold dress with a mermaid silhouette

Bassett, 65, wowed in a semi-sheer gold dress with a mermaid silhouette

The incredible ensemble showed off her toned arms

The incredible ensemble showed off her toned arms

Moore, 63, made a shimmering appearance in a long-sleeved metallic silver dress

Moore, 63, made a shimmering appearance in a long-sleeved metallic silver dress

She was joined by her May-December co-star Charles Melton, 33, who looked stunning in a black velvet tuxedo

She was joined by her May-December co-star Charles Melton, 33, who looked stunning in a black velvet tuxedo

Margot Robbie, 33, cut an elegant figure in a black dress with silver accents and cutouts at the waist

Margot Robbie, 33, cut an elegant figure in a black dress with silver accents and cutouts at the waist

The Barbie star wore 1950s diamond and platinum Fred Leighton waterfall earrings and KWIAT diamond bracelets on her fingers She wore her blonde locks styled in light waves

The Barbie star wore 1950s diamond and platinum Fred Leighton waterfall earrings and KWIAT diamond bracelets on her fingers

Margot showed off her chic ensemble

Margot showed off her chic ensemble

The Australian beauty enhanced her flawless features with light makeup

The Australian beauty enhanced her flawless features with light makeup

Margot gave the photographers her mega smile

Margot gave the photographers her mega smile

The black ensemble comes after she wore pink to the Golden Globes on Sunday

The black ensemble comes after she wore pink to the Golden Globes on Sunday

She appeared in a good mood and laughed out loud on the red carpet

She appeared in a good mood and laughed out loud on the red carpet

Emma Stone, 35, wore a unique pink outfit for the event

Emma Stone, 35, wore a unique pink outfit for the event

The La La Land star, who just won the Golden Globes, stunned in a metallic pink top that revealed a hint of her toned stomach She completed the look with a matching asymmetrical skirt and nude heels with silver toe caps

The La La Land star, who just won the Golden Globes, stunned in a metallic pink top that revealed a hint of her toned stomach. She completed the look with a matching asymmetrical skirt and nude heels with silver toe caps

Academy President Janet Yang said in a press release about Bassett's nomination: “Throughout her decades-long career, Angela Bassett has continued to deliver outstanding performances that have set new standards in acting.”

The actress received two Oscar nominations: first as best actress for 1993's “What's Love Got to Do with It” and later as best supporting actress for last year's “Black Panther: Wakanda Forever,” where she played Queen Ramonda.

Meanwhile, Moore was joined on the red carpet by her May-December co-star Charles Melton, 33, who looked stunning in a black velvet tuxedo.

Margot Robbie, 33, cut an elegant figure in a black dress with silver accents and cutouts at the waist.

The Barbie star wore 1950s diamond and platinum Fred Leighton waterfall earrings and KWIAT diamond bracelets on her fingers.

Emma Stone, 35, wore a unique pink outfit for the event.

The La La Land star, who just won the Golden Globes, stunned in a metallic pink top that revealed a hint of her toned stomach.

She completed the look with a matching asymmetrical skirt and nude heels with silver toe caps.