Style File: Penelope Cruz

As we gear up for Penelope Cruz's big win on Sunday night at the Academy Awards (fingers crossed!), we thought it would be fun to take a look back at some of her most memorable moments in fashion. Because let's be honest, although we're all praying she's named Best Supporting Actress for her role in Vicky Cristina Barcelona, isn't it all really about the red carpet?

1. Cruz Style File 15

Penelope looked dramatic in this off-the-shoulder black John Galliano for Dior gown, ornate necklace and red lips at the premiere of her film FanFan La Tulipe during the opening ceremony of the 56th International Cannes Film Festival on May 14, 2003 in Cannes, France.

2. Cruz Style File 14

She made a bold statement in this white coat with black belts and black drop earrings at the film premiere of Gothika on November 13, 2003 in Westwood, California.

3. Cruz Style File 13

Penelope went bright and simple in this Ralph Lauren orange dress and multi-strand coral necklace at the New York premiere afterparty for Don't Tempt Me on August 19, 2003.

4. Cruz Style File 12

She was all flirty in this black lace dress and strappy heels while supporting her then boyfriend, Tom Cruise, at the WB's premiere of The Last Samurai held on December 1, 2003 in Los Angeles, California.

5. Cruz Style File 11

At the premiere of her movie Non Ti Muovere in Cannes, France, Penelope went French chic with an off-the-shoulder white dress, white fedora and pointy toed heels on May 13, 2004.

6. Cruz Style File 10

She was absolutely stunning in this red fish tail strapless gown with rosettes on the hips when she received her David of Donatello Award at the David Di Donatello Movie Awards Ceremony on April 14, 2004 in Rome, Italy.

7. Cruz Style File 9

Penelope rocked in this white Chloe suit, black fedora and Chopard jewelry at the 47th Annual Grammy Awards on February 13, 2005 in Los Angeles, California.

8. Cruz Style File 8

She went feminine in this floral off-the-shoulder gown and retro waves at the Closing Awards Ceremony during the 58th International Film Festival May 21, 2005 in Cannes, France.

9. Cruz Style File 7

Penelope showed her romantic side in this pale empire waist gown at the UK premiere of Volver on August 3, 2006 in London, England.

10. Cruz Style File 6

She took a risk in this Chanel suit with high waisted pants and a big black bow at The Hollywood Film Festival 10th Annual Hollywood Awards Gala Ceremony on October 23, 2006 in Beverly Hills, California.

11. Cruz Style File 5

Penelope looked every bit the Spanish princess in this black tiered Chanel Haute Couture gown and Chopard jewels at the 64th Annual Golden Globe Awards on January 15, 2007 in Beverly Hills, California.

12. Cruz Style File 4

When she was nominated for Volver, Penelope turned heads in a pale pink Atelier Versace gown and Chopard diamond earrings at the 79th Annual Academy Awards on February 25, 2007 in Hollywood, California.

13. Cruz Style File 3

She made an entrance and an exit in this L'Wren Scott black gown with a tulle train and lace at the neckline during the Elegy Premiere at the 58th Berlinale Film Festival on February 10, 2008 in Berlin, Germany.

14. Cruz Style File 2

At last year's Academy Awards, Penelope was demure in a draped and feathered strapless Chanel gown on February 24, 2008 in Hollywood, California.

15. Cruz Style File 1

Penelope dazzled in this navy strapless Yves Saint Laurent gown and slicked back hair at VH1's 14th Annual Critics' Choice Awards on January 8, 2009 in Santa Monica, California.