Heat a bit of oil in a large pot over medium heat. Add diced jalapeños, chopped onion, and minced garlic. Sauté for about 5 minutes, until vegetables soften.
Pour in the chicken broth and increase heat to bring the soup to a gentle boil. Once boiling, reduce heat to a simmer.
Add the shredded chicken, softened cream cheese, and heavy cream. Stir continuously until cream cheese is fully melted and mixture is smooth. Season with salt, pepper, and oregano.
Just before serving, add shredded cheddar cheese, stirring until melted and well combined.
Ladle soup into bowls and top with crumbled turkey bacon and fresh cilantro. Serve hot and enjoy!