Begin by seasoning the ribeye steaks generously with salt and pepper on both sides. The ribeye steak is naturally flavorful due to its marbling, so you don’t need much seasoning—just enough to enhance its natural taste.
In a large skillet, heat 1 tablespoon of butter and 1 tablespoon of olive oil over medium heat. Add the sliced onions and sauté them slowly, stirring occasionally, for about 20-25 minutes. The goal is to caramelize the onions, which will bring out their natural sweetness and develop a deep golden-brown color.
If the onions start to stick to the pan, you can add a splash of water or beef broth to loosen them up. Once the onions are soft and golden, season with salt and pepper to taste. For extra depth of flavor, you can also add a splash of balsamic vinegar and cook for another minute to let the vinegar reduce and create a rich, tangy glaze.
In the same skillet (or another large skillet, if preferred), heat another tablespoon of butter and 1 tablespoon of olive oil over medium heat. Add the sliced mushrooms and sauté them for about 5-7 minutes, or until they become golden brown and release their moisture. Stir occasionally to ensure even cooking.
Add the fresh thyme, salt, and pepper, then cook for another minute to allow the flavors to meld together. If you want to add a little more richness, deglaze the pan with a splash of beef broth or red wine, scraping up any flavorful brown bits from the bottom of the pan. This will enhance the depth of flavor in the mushrooms.
While the onions and mushrooms are cooking, heat a cast-iron skillet or heavy-bottomed pan over high heat. Add 2 tablespoons of olive oil and allow it to get very hot (but not smoking). Once the pan is hot, place the ribeye steaks in the skillet. You should hear a sizzle when the steak hits the pan—this is the sound of the steak getting that beautiful sear.
Sear the steak for about 4-5 minutes on the first side, without moving it, to develop a nice brown crust. Flip the steak over and sear the other side for 3-4 minutes for medium-rare, or longer if you prefer your steak more done. Use a meat thermometer to check the internal temperature (130°F for medium-rare, 140°F for medium).
Once the steak reaches your desired doneness, add 1 tablespoon of butter to the pan and let it melt, spooning the butter over the steak for extra flavor. Remove the steak from the pan and let it rest for 5-10 minutes before serving.
To serve, place each ribeye steak on a plate. Spoon a generous amount of the caramelized French onions and sautéed mushrooms over the steak, ensuring each bite is full of savory, flavorful toppings.
Garnish with fresh parsley and a sprinkle of additional thyme if desired. Serve with your favorite side dishes, such as mashed potatoes, roasted vegetables, or a simple green salad, for a complete meal.
Ribeye Steak with French Onions & Mushrooms is a hearty, flavorful dish that brings together the best of both worlds: a tender, juicy steak and rich, savory toppings. Whether you’re cooking for a special occasion or treating yourself to a comforting meal, this recipe delivers on taste, elegance, and satisfaction. With just a few simple ingredients and a little bit of time, you can create a steak dinner that’s sure to impress and leave everyone asking for seconds. So, the next time you’re in the mood for a truly indulgent meal, try this ribeye steak with French onions and mushrooms.