diff --git a/src/graphql/execution/execute.py b/src/graphql/execution/execute.py
index 1097e80f..6bff7873 100644
--- a/src/graphql/execution/execute.py
+++ b/src/graphql/execution/execute.py
@@ -2,7 +2,14 @@
 
 from __future__ import annotations
 
-from asyncio import ensure_future, gather, shield, wait_for
+from asyncio import (
+    CancelledError,
+    create_task,
+    ensure_future,
+    gather,
+    shield,
+    wait_for,
+)
 from contextlib import suppress
 from copy import copy
 from typing import (
@@ -459,12 +466,23 @@ async def get_results() -> dict[str, Any]:
                 field = awaitable_fields[0]
                 results[field] = await results[field]
             else:
-                results.update(
-                    zip(
-                        awaitable_fields,
-                        await gather(*(results[field] for field in awaitable_fields)),
-                    )
-                )
+                tasks = {
+                    create_task(results[field]): field  # type: ignore[arg-type]
+                    for field in awaitable_fields
+                }
+
+                try:
+                    awaited_results = await gather(*tasks)
+                except Exception:
+                    # Cancel unfinished tasks before raising the exception
+                    for task in tasks:
+                        if not task.done():
+                            task.cancel()
+                    await gather(*tasks, return_exceptions=True)
+                    raise
+
+                results.update(zip(awaitable_fields, awaited_results))
+
             return results
 
         return get_results()
@@ -538,6 +556,10 @@ async def await_completed() -> Any:
                     try:
                         return await completed
                     except Exception as raw_error:
+                        # Before Python 3.8 CancelledError inherits Exception and
+                        # so gets caught here.
+                        if isinstance(raw_error, CancelledError):
+                            raise  # pragma: no cover
                         self.handle_field_error(
                             raw_error,
                             return_type,
@@ -745,6 +767,10 @@ async def complete_awaitable_value(
             if self.is_awaitable(completed):
                 completed = await completed
         except Exception as raw_error:
+            # Before Python 3.8 CancelledError inherits Exception and
+            # so gets caught here.
+            if isinstance(raw_error, CancelledError):
+                raise  # pragma: no cover
             self.handle_field_error(
                 raw_error, return_type, field_group, path, incremental_data_record
             )
diff --git a/tests/execution/test_parallel.py b/tests/execution/test_parallel.py
index f4dc86b1..4279952c 100644
--- a/tests/execution/test_parallel.py
+++ b/tests/execution/test_parallel.py
@@ -11,6 +11,7 @@
     GraphQLInt,
     GraphQLInterfaceType,
     GraphQLList,
+    GraphQLNonNull,
     GraphQLObjectType,
     GraphQLSchema,
     GraphQLString,
@@ -193,3 +194,42 @@ async def is_type_of_baz(obj, *_args):
             {"foo": [{"foo": "bar", "foobar": 1}, {"foo": "baz", "foobaz": 2}]},
             None,
         )
+
+    @pytest.mark.asyncio
+    async def cancel_on_exception():
+        barrier = Barrier(2)
+        completed = False
+
+        async def succeed(*_args):
+            nonlocal completed
+            await barrier.wait()
+            completed = True  # pragma: no cover
+
+        async def fail(*_args):
+            raise RuntimeError("Oops")
+
+        schema = GraphQLSchema(
+            GraphQLObjectType(
+                "Query",
+                {
+                    "foo": GraphQLField(GraphQLNonNull(GraphQLBoolean), resolve=fail),
+                    "bar": GraphQLField(GraphQLBoolean, resolve=succeed),
+                },
+            )
+        )
+
+        ast = parse("{foo, bar}")
+
+        awaitable_result = execute(schema, ast)
+        assert isinstance(awaitable_result, Awaitable)
+        result = await asyncio.wait_for(awaitable_result, 1.0)
+
+        assert result == (
+            None,
+            [{"message": "Oops", "locations": [(1, 2)], "path": ["foo"]}],
+        )
+
+        # Unblock succeed() and check that it does not complete
+        await barrier.wait()
+        await asyncio.sleep(0)
+        assert not completed