The Academy Awards are today, but did last year’s Oscars ever really end?

When Hollywood reconvenes at the Dolby Theatre for the 95th Academy Awards, the ceremony will signal many things. The probable triumph of “Everything Everywhere All at Once.” A potentially historic night for Asians and Asian Americans in the film industry. Possibly a record number of jokes about “Cocaine Bear.”

But for many, nothing will register more than returning to the site of The Slap. In a way, we’re all still living in that frozen-in-time moment. Chris Rock’s face twisted to the side. Will Smith’s arm dramatically extended. A deathly hush over the Dolby Theatre.

A new low for the Oscars but a high point of public fascination, The Slap was immediately etched into collective memory, and its shock has kept reverberating. Rock, in a live stand-up special on March 5, only just offered his fiery rebuttal, adding a fresh new volley in the still ongoing discourse around the incident.

For the first time, two sequels (“Top Gun: Maverick,” “Avatar: The Way of Water”) are nominated this year for best picture. But this year’s Oscars — whether they like it or not — will be a sequel, too, just one without the main stars in attendance. Smith has been banned by the motion picture academy for 10 years. Rock has been sticking with stand-up.

Host Jimmy Kimmel — who had been on the Dolby stage in 2017 for The Flub, a moment of Oscar infamy now practically forgotten — has said he will address The Slap. It would be “ridiculous” not to, he told The ­Hollywood Reporter.

The Academy of Motion Pictures Arts and Sciences, too, is making preparations. After a sluggish response to Smith’s actions that academy president Janet Yang has called “inadequate,” the Oscars will have their first ever “crisis team” to react to surprises. Kimmel, who has hosted twice before, was brought in partly to have a steady hand on the telecast, which will restore all categories to the live show. Kimmel is the first solo host for the show since the last time he hosted, five years ago.

“We learned from this that the academy must be fully transparent and accountable in our actions,” Yang said at the luncheon last month, “and particularly in times of crisis you must act swiftly, compassionately and decisively for ourselves and for our industry.”

Kimmel’s challenge will be to reference The Slap without allowing another Oscars to become defined by it.

This year, “Everything Everywhere All at Once” comes in with a commanding 11 nominations. Though an unlikely Oscar frontrunner, Daniel Kwan and Daniel Scheinert’s multiverse mash-up is expected to win best picture after sweeping the top guild awards. The Daniels, as they are known, are favored to best Steven Spielberg for best director. Former child star Ke Huy Quan is seen as a lock for best supporting actor. Michelle Yeoh could become the first Asian best actress winner.

Possible surprise?

The A24 indie hit has had an enviable run leading up to the Oscars, winning several awards from high-­profile industry organizations. Yet some doubts persist that the madcap action comedy just isn’t Oscar material, and that the World War I film “All Quiet on the Western Front” — which won at the BAFTAs and comes in with nine nominations — could sneak in for the upset. The harrowingly antiwar Netflix film, from Germany, has especially resonated in Europe where Russia’s war in Ukraine continues to rage. The documentary nominee “Navalny,” about the imprisoned Russian opposition leader Alexei Navalny, is more directly connected to the current events in Eastern Europe.

Best actress drama

Easily the fiercest and most controversy-generating category this year is best actress. It’s seen as a clash of heavyweight contenders in first-time nominee Yeoh and two-time winner Cate Blanchett, for “Tár.” Either could go home with the trophy. But much of the drama came in nominations, where Andrea Riseborough scored a nod for the little-seen drama “To Leslie” after a host of celebrities led an A-list grassroots campaign for the British actress. At the same time, two acclaimed Black actresses — Danielle Deadwyler (“Till”) and Viola Davis (“The Woman King”) — were left out, prompting a debate about the influence of connections, money and race on awards campaigns. Just as the whole affair seemed to be fading, Yeoh on Tuesday, with hours to go in Oscar voting, posted screenshots to Instagram of a Vogue article advocating for Yeoh to win over Blanchett. Academy rules prohibit “any tactic that singles out ‘the competition’ by name or titles.” Yeoh deleted the post. Throughout the race, though, she and Blanchett have each warmly celebrated the other.

Streamers missing

Last year’s best-picture winner, “CODA,” marked the first time a streamer won Hollywood’s top prize. Many of the pandemic-era nominees were released quickly, if not immediately, into homes. This year, it’s a very different story. Only one of the 10 films up for best picture came from a streaming service: Netflix’s “All Quiet on the Western Front.” That film should take a number of awards today, including best international film and cinematography. Netflix’s “Guillermo del Toro’s Pinocchio” is also heavily favored to win best animated feature.

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WATCH IT

The 95th Academy Awards

2 p.m. today on ABC

The ceremony will be hosted by Jimmy Kimmel.