Preheat your oven to 375°F (190°C).
Season the chicken breasts with garlic powder, onion powder, paprika, salt, and pepper on both sides.
In a large oven-safe skillet, heat the olive oil over medium-high heat. Add the seasoned chicken breasts and cook for about 5-7 minutes on each side until golden brown.
Remove the chicken from the skillet and set aside. In the same skillet, add the chicken broth and bring it to a simmer, scraping up any browned bits from the bottom.
Stir in the heavy cream and let it simmer for 2-3 minutes until slightly thickened.
Return the chicken to the skillet, spooning some of the sauce over the top. Sprinkle the shredded cheddar cheese evenly over the chicken.
Transfer the skillet to the preheated oven and bake for 20-25 minutes, or until the chicken is cooked through (internal temperature should reach 165°F).
Remove from the oven and let it rest for a few minutes. Garnish with sliced green onions before serving.