01 - Heat vegetable oil in a large pot over medium heat. Add diced onion and bell pepper, sauté for 4 to 5 minutes until softened.
02 - Stir in minced garlic and chopped jalapeño. Cook for 1 minute until fragrant.
03 - Add ground beef and cook, breaking it up with a spoon, until browned and fully cooked, about 6 to 8 minutes. Drain excess fat if necessary.
04 - Incorporate chili powder, cumin, smoked paprika, cayenne, oregano, salt, and black pepper. Cook for 1 minute, stirring to release aromas.
05 - Stir in tomato paste and cook for 1 minute, mixing thoroughly.
06 - Pour diced tomatoes with juices, beef broth, and kidney beans into the pot. Stir well to combine all ingredients.
07 - Bring mixture to a simmer. Reduce heat to low, cover, and cook for 40 minutes, stirring occasionally.
08 - Taste and adjust seasoning if necessary. For thicker consistency, simmer uncovered for an additional 10 minutes.
09 - Serve hot topped with your choice of sour cream, shredded cheddar, cilantro, or sliced green onions.