Valve cover gasket (top end)
Very commonThe valve cover bolts to the top of the cylinder head and its gasket is a long, thin rubber seal that hardens with heat cycling. Fel-Pro, a gasket manufacturer, calls it "perhaps the most common source of engine oil leaks" — and we are keeping their hedge rather than upgrading it to a flat claim, both because they hedged it and because they sell gaskets. It is worth knowing that Engine Builder Magazine's ranking of oil leak sources puts the oil pan gasket first instead. Two credible sources disagree on the ordering, so treat any confident "most common cause" list, including ours, with some suspicion.
How to spot it
Oil pooling in the spark plug wells, running down the side of the cylinder head, or dripping onto the exhaust manifold from above — which is what produces the burning smell. Look along the seam where the valve cover meets the head with a flashlight.
The fix
Replace the gasket. On many four-cylinder engines this is a genuinely accessible job; on transverse V6s the rear bank can require removing the intake manifold.