Heat the olive oil and butter in a large skillet over medium heat. Gradually add the spinach and sauté briefly just until it wilts. Continue until all the spinach has been added and wilted down. Do not overcook.

Add the heavy cream, cream cheese, and garlic powder. Season with salt and black pepper, to taste, and stir to combine. Heat, stirring frequently, until the cream cheese melts completely and the mixture is heated through.

Remove from heat and serve immediately with your choice of main dishes. Enjoy!