BEVERLY HILLS (CBS) — Actress Jennifer Lawrence and Academy of Motion Picture Arts and Sciences President Tom Sherak announced the 2012 Academy Award nominees from Beverly Hills Tuesday morning.

Martin Scorsese’s “Hugo” leads with 11 nominees, including nods for best picture and best director.

“I am deeply honored to have been nominated by the Academy for my work on Hugo,” Scorsese said in a statement. “Every picture is a challenge, and this one – where I was working with 3D, HD and Sacha Baron Cohen for the first time – was no exception. It’s a wonderful feeling to know that you’ve been recognized by the people in your industry. I congratulate my fellow nominees. It’s an impressive list, and I’m in excellent company.”

The Artist, The Descendants, Extremely Loud & Incredibly Close, The Help, Hugo, Midnight in Paris, Moneyball, The Tree of Life and War Horse were also nominated for the top prize.

Nominees for best actor in a leading role include: Demián Bichir (A Better Life), George Clooney (The Descendants), Jean Dujardin (The Artist), Gary Oldman (Tinker Tailor Soldier Spy) and Brad Pitt (Moneyball).

Nominees for actress in a leading role include: Glenn Close (Albert Nobbs), Viola Davis (The Help), Rooney Mara (The Girl with the Dragon Tattoo), Meryl Streep (The Iron Lady) and Michelle Williams (My Week With Marilyn).

Here is a complete list of Academy Award nominees. The show will take place Feb. 26 at the Kodak Theatre in Hollywood.

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