Buckeye,, Welcome to the Stovebolt
You squirted oil in the cylinders I understand that but did you not expect it to smoke after that
Run it for a while and use a little ATF dribble it down the carb throat slowly. it may bog down a little and smoke a lot but the ATF will lube the upper valve stems close to the head of the valve.
you will need to rev the engine a little while dribbling the ATF in the carb. let it run 15 to 20 minutes longer to let the smoke clear out.