In a small bowl, combine the garlic powder, onion powder, smoked paprika, salt and pepper. Rub the chicken breasts with the seasoning mixture.
In a large skillet over medium-high heat, melt the butter and olive oil. Add the chicken breasts and cook for about 5 minutes per side, or until cooked through.
Add the chicken broth and bring to a simmer. Simmer for about 5 minutes.
Add the heavy whipping cream and simmer for an additional 5 minutes, stirring frequently.
Remove the chicken from the skillet and keep warm. Simmer the sauce for an additional 5 minutes or until it has thickened.
Return the chicken to the skillet and toss to coat with the sauce. Serve over hot cooked rice.
Interesting Facts
The cream used in this recipe can be substituted with half-and-half or even whole milk.
This dish can also be served over mashed potatoes, egg noodles, or even roasted vegetables.
Leftovers will keep for up to 3 days in the refrigerator.