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Prepare peppers by cutting off tops and removing seeds.
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In a large mixing bowl, combine rice, chicken, beans, onion, and cilantro.
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In a separate small bowl, combine fajita seasoning mix, 2 Tbsp. oil, and ¼ c. water.
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Pour seasoning mixture over rice mixture and stir to combine.
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Fill peppers to the top with rice mixture.
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Place in a shallow oven-proof dish and sprinkle with shredded cheese.
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Combine remaining fajita seasoning mix, 2 Tbsp. oil, and ½ c. water in a small bowl.
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Pour into baking dish surrounding peppers.
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Cover peppers with foil and bake at 400 degrees for 30 minutes.
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Spoon sauce from pan over peppers before serving.