As of December 27, 2023, the top contenders are "Barbie" and "Oppenheimer" with "Killers of the Flower Moon" and "Poor Things" closely trailing.

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Recent Golden Globes nominations solidified the top four positions, with "Barbie" and "Oppenheimer" receiving eight and nine nominations respectively.

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"Oppenheimer," directed by Christopher Nolan and starring Cillian Murphy as the architect of the atomic bomb, received widespread critical praise.

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"Barbie," directed by Greta Gerwig and starring Margot Robbie, could be a contender for its subversion of expectations and potential groundbreaking story.

IMAGE CREDIT: SOCIAL MEDIA

"Killers of the Flower Moon," directed by the esteemed Martin Scorsese, also carries prestige and potential for Academy recognition.

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"Poor Things," a dark comedy from Yorgos Lanthimos starring Emma Stone, could benefit from its unique voice and strong performances.

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Films like "American Fiction," "Maestro," "The Holdovers," and "Past Lives" are still in the race, with potential to gain momentum in the coming months.

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Awards shows like the Critics Choice Awards and the BAFTAs will significantly influence the Oscar shortlist and potential winner.

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Studio marketing campaigns and lobbying efforts can also play a role in swaying Academy voters.

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The Best Picture winner is often subjective and difficult to predict, with surprises and latecomers sometimes snatching the prize.

IMAGE CREDIT: SOCIAL MEDIA