In this paper, the global exponential stability and stabilization problems are investigated for memristive neural networks (MNNs) with stochastic disturbances, spatial diffusions and distributed delays. The spatial diffusions are not assumed to be symmetric and distributed delays are relaxed to be unbounded. Then, the presented MNNs are modeled as a class of stochastic partial systems with hybrid delays. Based on nonsmooth analysis, the Lyapunov–Krasovskii functional and inequality approach, some simple algebraic criteria are derived for the global exponential stability as well as the stabilization via two kinds of designed feedback controllers. The derived criteria are easily verified and the obtained results are available for other delayed systems with or without stochastic disturbances and spatial diffusions. Finally, the stability and stabilization results are validated by numerical simulations.