The song, which was written by Adele and Paul Epworth, is nominated for best original song.
"It's an honor to be nominated, and terrifyingly wonderful to be singing in front of people who have captured my imagination over and over again," Adele said in a statement. "It's something I've never experience and probably only ever will once."
Adele won a Golden Globe for the song earlier this month.
The Oscars, hosted by Seth MacFarlane, will air live on ABC7 on Feb. 24.