that sounds like lack of compression due to ring blow by with oil then being in the chamber and burnt.
strip down it the only way to truly find out whats wrong and fix it.
too much oil is as bad as too little.
Did know a V-strom rider whole filled the oil to the oil filler cap, oil was pumped up the crack case breather pipes into the air box and filled the airbox with oil. could check that first.
oil then ended up in there combustion chamber and pour out white smoke from the exhaust.
too much oil can force gaskets to fail and then it's a strip down to change them.