Race Result
| GP n. 241 - 26/05/1974 - Grand Prix of Monaco Circuit de Monte Carlo |
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| Winner: | Ronnie Peterson / Lotus-Ford - 1:58'03.7 | ||||||
| Pole Position: | Niki Lauda / Ferrari - 1:26.3 | ||||||
| Fastest Lap: | Ronnie Peterson / Lotus-Ford - 1:27.9 | ||||||
| Pos | Nš | Driver | Constructor | Laps | Time/Retired | Grid | Points |
| 1 | 1 |  Ronnie Peterson |
Lotus-Ford | 78 | 1:58'03.7 | 3 | 9 |
| 2 | 3 |  Jody Scheckter |
Tyrrell-Ford | 78 | + 28.8 | 5 | 6 |
| 3 | 17 |  Jean Pierre Jarier |
Shadow-Ford | 78 | + 48.9 | 6 | 4 |
| 4 | 11 |  Clay Regazzoni |
Ferrari | 78 | + 1'03.1 | 2 | 3 |
| 5 | 5 |  Emerson Fittipaldi |
McLaren-Ford | 77 | + 1 lap | 13 | 2 |
| 6 | 28 |  John Watson |
Brabham-Ford | 77 | + 1 lap | 23 | 1 |
| 7 | 26 | Graham Hill |
Lola-Ford | 76 | + 2 laps | 21 | 0 |
| 8 | 27 | Guy Edwards |
Lola-Ford | 75 | + 3 laps | 26 | 0 |
| 9 | 4 | Patrick Depailler |
Tyrrell-Ford | 74 | + 4 laps | 4 | 0 |
| Ret | 15 | Henri Pescarolo |
BRM | 62 | gear box | 27 | 0 |
| Ret | 2 |  Jacky Ickx |
Lotus-Ford | 34 | engine | 19 | 0 |
| Ret | 12 |  Niki Lauda |
Ferrari | 32 | ignition | 1 | 0 |
| Ret | 24 | James Hunt |
Hesketh-Ford | 27 | halfshaft | 7 | 0 |
| Ret | 33 | Mike Hailwood |
McLaren-Ford | 11 | accident | 10 | 0 |
| Ret | 7 |  Carlos Reutemann |
Brabham-Ford | 5 | suspension | 8 | 0 |
| Ret | 37 | Francois Migault |
BRM | 4 | accident | 22 | 0 |
| Ret | 22 |  Vern Schuppan |
Ensign-Ford | 4 | accident | 25 | 0 |
| Ret | 9 |  Hans Joachim Stuck |
March-Ford | 3 | collision | 9 | 0 |
| Ret | 14 | Jean Pierre Beltoise |
BRM | 0 | collision | 11 | 0 |
| Ret | 20 |  Arturo Merzario |
Iso Marlboro-Ford | 0 | collision | 14 | 0 |
| Ret | 10 | Vittorio Brambilla |
March-Ford | 0 | collision | 15 | 0 |
| Ret | 6 |  Denny Hulme |
McLaren-Ford | 0 | collision | 12 | 0 |
| Ret | 16 | Brian Redman |
Shadow-Ford | 0 | collision | 16 | 0 |
| Ret | 18 | Jose Carlos Pace |
Surtees-Ford | 0 | collision | 18 | 0 |
| Ret | 23 | Tim Schenken |
Trojan-Ford | 0 | collision | 24 | 0 |
| Dnq | 8 |  Rikky von Opel |
Brabham-Ford | did not qualify | 0 | ||
| Dns | 30 | Chris Amon |
Amon-Ford | did not start | 20 | 0 | |
| Dns | 19 | Jochen Mass |
Surtees-Ford | did not start | 17 | 0 | |