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Could be wrong but that looks like asphalt sealer or something. Can you wipe it off?
Looks like the same stuff that on the exhaust heat shield.
That’s not shock oil, shock oil has the consistency of mineral oil.
There is no way to know from a photo. What does the substance feel like? Any odor to it? Feel around above the shock for a similar substance.
Looks like overspray that was not cleaned up from a dealer rustproofing job.
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is the heat shield a metallic color?
looks like they got the Ziebart undercoating on the heat shield as well?
AgreedLooks like the same stuff that on the exhaust heat shield.