Preheat the Oven: Preheat your oven to 325°F (160°C).
Sear the Bacon: In a large Dutch oven or heavy pot, heat the olive oil over medium heat. Add the diced bacon and cook until crisp. Remove with a slotted spoon and set aside.
Sear the Beef: In the same pot, add the beef cubes in batches, searing them on all sides until browned. Remove the beef and set aside with the bacon.
Sauté the Vegetables: Add the chopped onions and carrots to the pot. Sauté until softened, about 5-7 minutes. Add the minced garlic and cook for an additional minute.
Add Tomato Paste: Stir in the tomato paste, cooking for 1-2 minutes until it darkens slightly.
Combine Ingredients: Return the beef and bacon to the pot. Sprinkle with flour, and stir to coat. Cook for 2-3 minutes to eliminate the raw flour taste.
Add Wine and Broth: Pour in the red wine and beef broth, scraping the bottom of the pot to deglaze. Add thyme, bay leaves, and season with salt and pepper.
Bring to a Simmer: Bring the mixture to a simmer, then cover and transfer to the preheated oven.
Braise: Bake in the oven for about 2 hours, or until the beef is tender and the flavors are melded.
Combine Ingredients: After 2 hours, remove the pot from the oven. Stir in the sautéed mushrooms and pearl onions.
Simmer on the Stovetop: Return the pot to the stovetop over low heat and simmer for an additional 10-15 minutes to meld the flavors.
Find it online: https://succulentrecipes.com/beef-bourguignon/