1. Preheat oven to 350 degrees Fahrenheit.
2. In the bowl of an electric mixer, beat the sugar and butter and oil until fluffy and lighter in color. Add the flour, baking powder, salt, vanilla, and eggs and beat until well combined. Fold in the mini chocolate chips until evenly combined.
3. Spray bundt pan well with baking spray (oil mixed with flour). Pour the batter into the greased bundt pan and bake for one hour. Let cool for five minutes in the pan and then release by holding a plate at the top of the pan and flipping over.