For his service during the Solomon Islands campaign, Philip was awarded the Silver Star Medal and O'Bannon received the Presidential Unit Citation.

[4] According to eyewitness Chief Machinist's mate Charles F. Schmidt, Commander Philip was last seen mortally wounded, grasping the railing of the bridge trying to stand.

On 12 March 1946, Secretary of the Navy James Forrestal stated, during the presentation of the Navy Cross to his widow, Margaret Taussig-Philip: His courage, fortitude and initiative in the performance of a difficult and hazardous duty characterized Commander Philip as a brilliant leader and seaman, reflecting the highest credit upon himself and the United States Naval Service, he gallantly gave his life in the service of his country.

Decommissioned on 15 March 2003, as of June 2003 George Philip was in reserve at Naval Inactive Ships Maintenance Facility Bremerton, Washington.

[6] From September 1984 to March 1985 the ship was deployed in support of U. S. efforts to keep sea lanes open in the Persian Gulf during the height of the Iran–Iraq War.

[7] From May to August 1992 George Philip was deployed in support of efforts to counter drug traffic from South America to the United States.

In August 1992 the ship began a series of independent operations and port visits that included: San Francisco; Seattle; Vancouver, British Columbia; and Mazatlán, Mexico.

These operations lasted until July 1994 when George Philip deployed in support of efforts to counter drug traffic from South America to the United States.

[7] George Philip was decommissioned on 15 March 2003, as of June 2003 the ship was in reserve at Puget Sound Naval Shipyard and Intermediate Maintenance Facility, Bremerton, Washington.