That does not look like the normal amount of oil -I haven't seen that much before. Definitely you should do a compression check. There is always some oil, and typically more than most people think, due to blowback from the combustion process. What you have seems far in excess of that however.
One item that helps the typical case is a baffle that is designed to placed under the oil filler neck,. Here is a source for it:
New product - Oil baffle and gasket kit - 928 Classics