The 1967 Formula One season was the 21st season of FIA Formula One motor racing. It featured the 1967 World Championship of Drivers and the 1967 International Cup for F1 Manufacturers, contested concurrently over an eleven race series which commenced on 2 January, and ended on 22 October. Denny Hulme won the World Championship of Drivers and Brabham-Repco was awarded the International Cup for F1 Manufacturers.

At the Dutch Grand Prix, Lotus unveiled the new Ford-sponsored Cosworth DFV engine which was to be one of the outstanding racing engines of all time, winning 155 Grands Prix, Le Mans and Indianapolis. Although Jim Clark won four races, Denny Hulme took the title by virtue of his greater consistency. The Repco V8 in his Brabham, which had been the engine to have in 1966, had been surpassed in the power stakes and had to fall back on its reliability. At Monza, Clark pitted to replace a tyre, made up a lap to retake the lead, only to run out of fuel on the last lap; a drive that confirmed his status as one of the all-time greats. Dan Gurney's Eagle won its only victory, and Pedro Rodríguez gave Cooper their last win in a dramatic South African Grand Prix in which John Love came close to victory in his outdated and privately entered Cooper-Climax.

Hulme became the first of two drivers to win the title without achieving a single pole position in the season. Only Niki Lauda managed to repeat this feat in 1984. He is also the only New Zealander to win the World Championship of Drivers.

Two drivers died in Formula One related events in 1967. Ferrari driver Lorenzo Bandini died in a fiery accident during the Monaco Grand Prix on 10 May. While running second behind Hulme's Brabham BT20 on lap 82 (of 100), Bandini lost control of his Ferrari 312 when he clipped a guardrail going into the Harbour Chicane. He went into an erratic skid before hitting a light pole and overturning. When the Ferrari then hit the trackside straw bales its fuel tank exploded into flames with Bandini trapped underneath. Suffering burns to more than 70% of his body, Bandini died in hospital three days later. British driver Bob Anderson died on 27 August during a test at Silverstone driving a Brabham. Anderson slid off the track in wet conditions and hit a marshals post, suffering serious chest and neck injuries. He later died in the nearby Northampton General Hospital.