Combine the seasonings and set aside. Allow the cream cheese to soften at room temperature.

Heat butter and olive oil in a large soup pot over medium heat. Add the onions and jalapeno pepper and soften for 4 minutes. Then add the garlic and cook for 1 more minute.

Pat the chicken dry and season each side with salt and pepper. Add it to the soup pot along with all remaining ingredients, except for the cream cheese and shredded cheese.

Bring the soup to a gentle boil and allow the chicken to cook slowly for about 15-20 minutes. Remove the chicken and shred it with two forks. Return the shredded chicken to the soup.

Reduce heat to low. Stir in the softened cream cheese until combined, then stir in the shredded cheese until melted.

Taste and add any additional seasonings as needed, then serve!