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Could you tell what kind of oil spray? Motor oil, transaxle fluid, other fluid? What model year Corollas were you looking at.
Could just be road grime - can coat the whole underside and make it looks like something exploded in the engine bay.
As for that being common - not that I've seen. If it was due to neglect or accident (ie, left the oil fill cap off), that I could see spraying under the hood - but other than that, not much under there can pickup oil and spray it in that manner.
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2002 Corolla S, 1.8L 1ZZ-FE VVT-i
2003 Matrix XRS, 1.8L 2ZZ-GE, VVTL-i (RIP)
2009 Matrix XRS, 2.4L 2AZ-FE VVT-i
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