In a large stock pot or Dutch oven, warm the extra-virgin olive oil over medium-high heat. Once heated, sauté the finely chopped onion, diced carrot, and diced celery for approximately 8-10 minutes, or until the vegetables have softened.
Add the salt, pepper, Italian seasoning, ranch seasoning, and paprika to the sautéed vegetables. Stir well to combine.
Introduce the garlic powder and allow it to cook for an additional 1-2 minutes, ensuring the garlic does not burn.
Pour the chicken broth and the condensed soup into the pot, mixing well to integrate the flavors.
Incorporate the shredded chicken and white rice. Increase the heat to bring the mixture to a boil. Once boiling, reduce the heat, cover the pot, and allow the mixture to simmer for approximately 15-20 minutes. Ensure the rice is cooked thoroughly.
If opting to use bacon bits, sprinkle them into the soup. Adjust the seasoning as necessary after tasting. Serve while still hot.