Return to television and focus on directing and producing (2012–present)
Starting in November 2011, Phillippe spent several months filming a 10-episode arc on the fifth and final season of the critically acclaimed TV show Damages. Playing Channing McClaren, a Julian Assange–like character, it was his first regular TV role since his breakout part on One Life to Live. The season aired from July to September 2012. In 2012, Phillippe focused on his directorial debut, Catch Hell, an indie thriller in which Phillippe stars as a fading film actor who must devise a creative escape after he is kidnapped and tortured while making a movie in Shreveport, Louisiana. In addition to directing, co-producing, and starring in the film, Phillippe co-wrote the script with Joe Gossett. Phillippe has said that the film is based partly on his and his friends's life experiences (including the filming of Straight A's in Shreveport in 2011) but is partly meant to be "a fun scary movie in the vein of Misery". Filming took place on location in Shreveport in the fourth quarter of 2012. The movie was released on October 10, 2014.
In October 2013, Phillippe began filming the action thriller Reclaim in Puerto Rico. The movie features Phillippe as an American man who travels to Puerto Rico with his wife to adopt an orphan from Haiti. After a confrontation with a local, the child vanishes. Reclaim was released on September 19, 2014. In May 2014, ABC picked up the pilot for Secrets and Lies, which was shot in Charlotte, North Carolina, in early 2014. The 10-episode mystery series debuted on March 1, 2015, as a midseason entry during the 2014–15 U.S. television season. It is based on the Australian series of the same name, with Phillippe playing a family man who becomes a prime murder suspect after he discovers the body of a child. Phillippe was also attached to a number of possible future film roles, including Chronicle, a film that was to have been directed by Jay Alaimo that would have seen him in a story "about two childhood friends who reunite to launch the biggest marijuana dealership in New York City".
Phillippe, Breckin Meyer, Seth Green, and David E. Siegal run a production company called Lucid Films. In 2010, Phillippe and Meyer began "getting a show going for Showtime", serving as executive producers. The comedy, Heavy and Rolling, tells the story of a Manhattan towncar driver who assumes different identities as he moves towards madness. Phillippe also served as executive producer and narrator on Isolated, a documentary that follows five surfers as they travel to remote New Guinea in search of untouched waves. The documentary premiered in January 2013 at the 2013 Santa Barbara International Film Festival.
In 2015, Phillippe was cast in the lead role of Bob Lee Swagger on the USA Network thriller drama series Shooter, which premiered in November 2016. In February 2020, Phillippe was announced in the role of Cody Hoyt in the ABC crime drama series Big Sky, which was created by David E. Kelley. In 2021, Phillipe starred in One Shot, a British action thriller film directed by James Nunn.