Penelope Cruz in a H&M Conscious Collection at the 2014 Vanity Fair Oscars Party

Penelope Cruz attended the 2014 Vanity Fair Oscars Party and stunned in an eco-friendly creation from Swedish fashion label H&M. The midnight blue ruffled gown is from H&M's Conscious line and channelled the actress's Spanish roots. Penelope wore a sexy smoky make up look with a side-ponytail hairdo. A pair of ruby and diamond statement earrings completed the star's look along with a black clutch.

Penelope Cruz: Oscar 2014 – Vanity Fair Party

Penelope Cruz: Oscar 2014 – Vanity Fair Party

Penelope Cruz: Oscar 2014 – Vanity Fair Party

Penelope Cruz: Oscar 2014 – Vanity Fair Party