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The text's misleading title is modern; the only connection with the Apostle Philip is that he is the only apostle mentioned (at 73,8). The text makes no claim to be from Philip.
Among the mix of aphorisms, parables, brief polemics, narrative dialogue, biblical exegesis (especially of Genesis), and dogmatic propositions, Wesley Isenberg has enumerated seventeen sayings (logia) attributed to Jesus, nine of which are citations and interpretations of Jesus' words already found in the canonical gospels (55,33-34; 57,3-5; 68,8-12; 68,26-27; 72,33-73,1; 77,18; 83,11-13; 84,7-9; 85,29-31). The new sayings (55,37-56,3; 58,10-14; 59,25-27; 63,29-30; 64,2-9; 64,10-12; 67,30-35; and 74,25-27), "identified by the formula introducing them ('he said', 'the Lord said', or 'the Savior said') are brief and enigmatic and are best interpreted from a gnostic perspective," Isenberg has written in his Introduction to the text (see link).
A single manuscript of the Gospel of Philip, in Coptic, was found in the Nag Hammadi library, a cache of documents that was secreted in a jar and buried in the Egyptian desert at the end of the 4th century, when Gnostic writings and pagan ones were being burned by the official church.
Gnosticism New Testament Apocrypha