Heat oil in a large pot over medium heat. Add beef cubes and cook until browned on all sides, about 5 minutes. Add onion and garlic and cook until onion is softened, about 5 minutes more.
Stir in chili powder, cumin, oregano, salt, and pepper. Add tomatoes, tomato paste, chilies, beef broth, and water. Bring to a boil, then reduce heat to low and simmer for 30 minutes, stirring occasionally.
Serve hot.
Interesting Facts
Carne con chilies is a traditional Mexican stew, made with beef, tomatoes, chili peppers, and spices.
The stew is typically served with warm tortillas or over rice.
It's a great way to use up leftover beef, or to make a filling meal for a crowd.