97% of the time that is the result of a float valve that has not sealed and has allowed the carb to empty the entire contents of the fuel tank into the intake, which some will go into the cylinder and past the rings, but most will drain down the breather tube into the engine block. Will require removing and cleaning the carb and replacing the float valve with a repair kit. Draining the crankcase and refilling with fresh oil, which in some cases will need to be changed a second time.