Penelope Cruz & Javier Bardem - Oscars 2011 Red Carpet

Penelope Cruz is glowing as she hits the red carpet with hubby Javier Bardem at the 2011 Oscars held at the Kodak Theater on Sunday (February 27) in Los Angeles.

The 36-year-old actress and new mama stepped out in a L’Wren Scott dress with Jimmy Choo shoes and matching bag and Chopard jewelry.

Javier is nominated for an Academy Award for his work on Biutiful, which is also up for Best Foreign Film! He wore a Chopard watch and head-to-toe Gucci!