Bake biscuits as directed on can.
Meanwhile, in 12-inch skillet, heat butter and oil over medium heat until butter is melted. With whisk, stir in flour and salt until well combined. Cook 2 to 3 minutes, stirring constantly, until mixture smells fragrant.
Beat in milk with whisk. When flour mixture is dissolved in milk, stir in sugar and cocoa. Continue to beat with whisk until well combined. Do not let mixture boil before all sugar and cocoa are mixed in.
After mixture is well mixed and lump free, slowly heat to boiling over medium heat, stirring constantly with whisk. Mixture will thicken. After mixture begins to boil, reduce heat and simmer about 5 minutes.
Serve chocolate “gravy” over split warm biscuits. Garnish with fresh fruit.