In a large lidded skillet on medium high heat, combine olive oil and butter. Once melted, add mushrooms and diced onions. Sautee until golden brown.
While mushrooms are sautéing combing evaporated milk and chicken broth, set aside.
Add orzo to mushroom and onion mixture. Turn heat to low. Stir until orzo is golden brown.
Slowly add in milk/broth mixture, and stir to combine, ensuring orzo does not stick to pan. Continue to cook for 12-15 minutes, and stir about every 3-4 minutes to prevent sticking.
Orzo is fully cooked when most of the liquid is absorbed. Top with cheese if desired. Serve & enjoy!
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