In a pot on medium heat, add oil. Toss in the onion, bell pepper, and jalapeno. Sauté until softened.
Place chicken breasts into the pot as well as the undrained canned tomatoes, green chilies, taco seasoning, and chicken broth. Stir and allow to simmer for 20-25 minutes covered, reduce heat if needed.
Remove chicken from the soup and shred on a plate.
While the chicken is not in the soup add the cream cheese, heavy cream and shredded cheese. Whisk until the cream cheese has completely dissolved and the soup is creamy.
Add the chicken back to the soup, stir, and serve.
Net carbs are 3.1 g per serving
Serving: 1 1/2 cups, Calories: 356kcal, Carbohydrates: 4.3g, Protein: 33g, Fat: 21g, Cholesterol: 140mg, Sodium: 830mg, Fiber: 1.2g, Sugar: 2.4g